Economy
Related: About this forumHigh Inflation Pushes Biden to Focus Message on Rising Prices
Link to tweet
As inflation worries threaten to put the Democratic Partys legislative agenda at risk, the White House is focusing its messaging on how it is easing supply-chain
FBaggins
(27,441 posts)Far worse to let it seem as though youre ignoring the issue.
WHITT
(2,868 posts)from gasbuddy saying releasing crude from the SPR wouldn't help because it would only provide enough for 6 days of global production. What idiot proposes we run the entire planet out of the SPR?
If they released all of the SPR (which can't be done, but that's a separate matter), it would last 165 days here in the U.S., so there's plenty.
Doing one release would be a mistake, as the Saudis could easily withhold the equivalent amount. No, they need to do weekly releases, week after week after week, and the Saudis couldn't afford the drop in revenue. Once crude starts to fall, it would be like a snowball rolling downhill.
Alexander Of Assyria
(7,839 posts)Midnight Writer
(22,922 posts)"So you think the government should set prices on goods and services?"