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Soaring Energy Prices Raise Concerns About
U.S. Inflation, Economy

Original Article

Posted By: NorthernDog, 10/10/2021 2:19:53 PM

The U.S. economy is facing a new threat: rising energy prices. Crude oil has risen 64% this year to a seven-year high. Natural-gas prices have roughly doubled over the past six months to a seven-year high. Heating oil has risen 68% this year. Prices at the pump are up nearly a dollar over the past 12 months to a national average just over $3 a gallon. Coal prices are at records. Higher energy prices could push up inflation in coming months, damp consumer spending on other products and services, and ultimately slow the U.S. recovery, economists say. “For consumers it’s


Posted without paywall.
Seems like our country is like a ship without a captain or crew - just being tossed about by any and all winds and waves.

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Reply 1 - Posted by: Come And Take It 10/10/2021 2:30:42 PM (No. 941104)
Obozo told us all years ago this was going to happen. Necessarily, to their insane greenie agenda.
17 people like this.

Reply 2 - Posted by: Califedup 10/10/2021 2:36:48 PM (No. 941110)
Not one single word in this article about how since the communist death democrats seized power through a stolen election coup, our country went from being a self sufficient oil exporter to suddenly having to once again rely on oil imports from nations who are not really our friends nor how the Biden/Harris dictatorship is waging a very deliberate war on the Fossil Fuel industry and wanting to jack up prices so people cannot work or travel. We have always had hurricanes and bad weather disruptions temporarily causing oil shortages and oil price bumps but this is being caused by the communist democrats and their environmental commie allies. Sick of all our problems being blamed on the Chinese Wuhan Bioweapon Flu. The author is a lying buffoon and a propaganda hack.
29 people like this.

Reply 3 - Posted by: Boliver 10/10/2021 2:37:58 PM (No. 941114)
Controlled destruction as Klaus Schwab calls it: we better get moving on energy for this winter. India has ONLY 4 days of coal left for its entire power grid, China is running out of electricity, and I read Lebanon (BBC article), the entire country, is without fuel for their power grid and the entire country is now shut down. The UK has their military delivering coal now because of trucker shortages (Covid rules). Fuel prices there rose 40% overnight. Germany now preparing for the same. Container ships waiting to dock are being abandoned by their crews because many of the shipping companies have declared bankruptcy. Crews have run out of food. Long dark winter, just as Biden predicted. Things are moving so fast.
22 people like this.

Reply 4 - Posted by: Proud Texan 10/10/2021 2:58:46 PM (No. 941130)
The Democrats' socialist and climate change hoax agenda is keeping the economy down and they need scapegoats. Oil prices needed to be around $60 before the bottom fell out and with government driven inflation will need to be higher in the future ti allow companies to make a reasonable return on investment (still well below businesses with very little equipment and infrastructure expenses). Politicians love to use increasing prices of life's necessities, food, housing, and energy for example, as scapegoats for their policies that cause inflation and recession. This has been going on for a century or more and it keeps the lofo's in line. Meanwhile, Apple has the iphone 13 for well over $1000 and that is just fine.
10 people like this.

Reply 5 - Posted by: Come And Take It 10/10/2021 3:06:19 PM (No. 941136)
Verizon has the new Samsung at over 1500 dollars, #4. For a damn cellphone. And they keep trying to push it endlessly. I don't need nor want such a ridiculous cellphone, but I am sure they will sell a jillion of them. Oil was down close to $20 a barrel under Trump. We were swimming in the stuff, and had so much NG available that the prices were at historic lows. Then came Xiden.
16 people like this.

Reply 6 - Posted by: deerejon 10/10/2021 3:09:13 PM (No. 941140)
What the hell does Biden care,He's the one that created this mess.We had a great economy 10 months ago.He blames it all on climate change.The guy is an Idiot.
17 people like this.

Reply 7 - Posted by: Proud Texan 10/10/2021 3:33:52 PM (No. 941155)
I apologize for making a second comment. I like the policy of not doing so. I want to bring one thing up though in response to something #5 said and which I have seen many times before, Oil did get down to $20 under Trump because of over supply and, of course, covid. It would have come up some later because oil companies and their suppliers were dropping like flies. I am a small one man shop, small pototoes,but suddenly, instead of building parts for downhole tooling, I found myself building parts used to plug wells. The point is, we do not want energy too cheap, then we lose self-suffiency. That sai, President Trump was handling the situation very well and getting us through it. The present administration would have simply destroyed what little was still going on at that stage.
11 people like this.

Reply 8 - Posted by: Maggie2u 10/10/2021 3:40:33 PM (No. 941158)
To add to Poster #3's comments, China has been cutting electricity to different cities one day a week for a few weeks now and all manufactories have been ordered to work only three days a week.
10 people like this.

Reply 9 - Posted by: pearlyjo 10/10/2021 3:53:54 PM (No. 941164)
If you can’t sell your product because it can’t be moved and delivered to a buyer, why would you keep a factory open?
7 people like this.

Reply 10 - Posted by: Bur Oak 10/10/2021 4:00:49 PM (No. 941170)
Crude oil will go down in a few months when the Keystone pipeline comes online. Oh wait, Biden killed it!.
11 people like this.

Reply 11 - Posted by: blueline 10/10/2021 4:05:50 PM (No. 941174)
Joevoters and neverTrumps own this. I hope they're happy that their Twitter is more fun now. Maybe it'll keep them warm this winter.
12 people like this.

Reply 12 - Posted by: montwoodcliff 10/10/2021 4:09:19 PM (No. 941179)
The Greens should spend the winter in their freezing, cold hovels.
12 people like this.

Reply 13 - Posted by: Condor44 10/10/2021 4:16:11 PM (No. 941184)
What can I say about rhe valse president and his administration, but, +×@÷=/@#$%&÷=&*%÷@#/&@#$!×÷%&>!@=÷/*!%$@@÷$÷#/÷@# and the horse you rode on ! A@@h@@@s!
8 people like this.

Reply 14 - Posted by: DVC 10/10/2021 4:53:33 PM (No. 941206)
Gosh, I wonder why energy prices have jumped up suddenly? Can anyone explain why this has happened when just a couple of years ago, gas was $1.69 here in KC? What could be causing this? /s off Dems stabbing all Americans in the wallet.
9 people like this.

Reply 15 - Posted by: bighambone 10/10/2021 5:21:54 PM (No. 941226)
Ask Biden and he will give his stock answer that he inherited the coming inflation from Trump, and so what will happen with sky high retail prices is Trump’s fault.
5 people like this.

Reply 16 - Posted by: Venturer 10/10/2021 5:54:50 PM (No. 941253)
Joe Biden did not just screw over the United States with his stupid green crap he screwed over the whole world.
7 people like this.

Reply 17 - Posted by: watashiyo 10/10/2021 6:47:54 PM (No. 941285)
Soak it in America! You deserve this! 340 million people living in America and you had to pick the dumbest one for President. This is not an American Tragedy, it's an American STUPIDITY! ....and like they say, "Can't Fix Stupid".
9 people like this.

Reply 18 - Posted by: scottj 10/10/2021 8:16:44 PM (No. 941323)
Those limousine liberals couldn't care less about the price of gas. They don't pay for it. Their illegal alien servants pay for it.
1 person likes this.

Reply 19 - Posted by: thethirdruffian 10/10/2021 10:06:33 PM (No. 941389)
Jimmy Biden can print up some Whip Inflation Now buttons. Because they sure won’t do the right thing and stop the embargo on US produced oil.
1 person likes this.

Reply 20 - Posted by: rytwng 10/10/2021 10:25:35 PM (No. 941408)
Pervert Moron caused it all to happen.
1 person likes this.

Reply 21 - Posted by: Trigger2 10/10/2021 11:10:54 PM (No. 941454)
Once again, Joey is doing China's bidding to trash the economy and collecting their money for his efforts.
0 people like this.

Reply 22 - Posted by: mifla 10/11/2021 4:43:16 AM (No. 941597)
The Chinese government must be one happy camper.
0 people like this.

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