Hi Lena ,well written article thank you ,another item is being over looked is that EV cars do not pay
taxes for their use on the highways ( state and federal taxes ) that means those fuel taxes per gal.
will have to go up ,in Washington state their is a proposal to increase the state fuel tax another sixty cents per gal. on top of the 50 cents a gal. now. World shipping requires the largest oil use which will
increase all cost to products world wide. the USA and Europe are in self destructing mode..
What people don't realize too is the sheer amount of things that crude oil is used for. So while the Fed's and the current regime talk about lowering inflation (which it's not going down), you then have oil prices only set to go even higher as the East claps back with their own restrictions, thereby pushing the price of everything higher.
And let's not forget about the diesel shortage that we have, that briefly got attention in the media and then faded away. Again, once this country runs out of diesel, everything halts and falls apart.
Hey Lena, don't know if you heard this yet, but there is an assessment the Federal Reserve of St. Louis published in June, and they openly admit that “we face a possible dollar inflation uncertainty nightmare,” believing that this is “likely,” passing the blame on Congress and the federal government’s relentless spending. Of course, they absolve themselves from wrongdoing and the money machine going "brrr," but this is yet again another admission to the truth that acknowledges what the media pushes is lies, and to cover their butts when the U.S. descends into the Weimer Republic as they are eating their filet minion.
I read of the Saudi cutback in the news, but your article provided much more in-depth coverage.
I'm glad to hear this! Thank you for reading!
Hi Lena ,well written article thank you ,another item is being over looked is that EV cars do not pay
taxes for their use on the highways ( state and federal taxes ) that means those fuel taxes per gal.
will have to go up ,in Washington state their is a proposal to increase the state fuel tax another sixty cents per gal. on top of the 50 cents a gal. now. World shipping requires the largest oil use which will
increase all cost to products world wide. the USA and Europe are in self destructing mode..
Thank you
Thomas
Hi Thomas! Thank you so much for more insight!! I hope the proposal to increase the tax by another sixty cents doesn't get far; that's just robbery!
What people don't realize too is the sheer amount of things that crude oil is used for. So while the Fed's and the current regime talk about lowering inflation (which it's not going down), you then have oil prices only set to go even higher as the East claps back with their own restrictions, thereby pushing the price of everything higher.
And let's not forget about the diesel shortage that we have, that briefly got attention in the media and then faded away. Again, once this country runs out of diesel, everything halts and falls apart.
Hey Lena, don't know if you heard this yet, but there is an assessment the Federal Reserve of St. Louis published in June, and they openly admit that “we face a possible dollar inflation uncertainty nightmare,” believing that this is “likely,” passing the blame on Congress and the federal government’s relentless spending. Of course, they absolve themselves from wrongdoing and the money machine going "brrr," but this is yet again another admission to the truth that acknowledges what the media pushes is lies, and to cover their butts when the U.S. descends into the Weimer Republic as they are eating their filet minion.
https://winepressnews.com/2023/09/01/federal-reserve-admits-we-face-a-possible-dollar-inflation-uncertainty-nightmare/