High oil prices pose inflation risk,warns BrownKristy Dorsey
Don’t buy into this garbage from the same simpletons who told you in 2007-2008 that the US economy was “sound” and that sub-prime was “contained.” Inflation results from an increase in the money supply and has nothing to do with consumer prices. An increase in money supply (through...
But there is strong opposition to the proposal, even from Biden allies. Many economists say it won't solve the underlying problem of high oil prices and could add to inflation. (The-CNN-Wire & 2021 Cable News Network, Inc., a Time Warner Company. All rights reserved.)...
Anyone who’s bought food, paid rent or looked for a used car recently has come up against the billowing inflation that has engulfed the U.S. economy. And, with surging oil prices keeping gasoline high, so has anyone who’s filled up a car. Energy costs have been one of the main ...
Over the long term, commodity prices rise at about the rate of overall inflation, and broad-based commodity funds tend to match that figure. Because the resource stocks are leveraged, they can produce returns that are in excess of inflation, says Kevin McDevitt, a Morningstar analyst who ar...
Duane Sulyma, a rigger who has worked everywhere from Grande Prairie and Rocky Mountain House, Alta. to Lloydminster and now Kindersley, Sask., said an oilfield job isn't as lucrative as it once was, and workers are feeling the pinch of inflation. ...
St-Arnaud is convinced that the oil industry has changed permanently. And while that may bring with it some downsides, it also means that going forward, Alberta’s economy will be less sensitive to oil prices. “That’s the thing, if there’s no boom — the bust will be sm...
High oil prices are a symptom of economic and monetary imbalances, not just a consequence of Organization of the Petroleum Exporting Countries (OPEC) decisions. Throughout history, we have seen how OPEC cuts have done little to elevate prices when diversification and technology added to rising ...
owing to the high oil price, rising labour costs and inflation in mainland China. vtech.com.hk 此外,油價高企,加上中 國內地的勞工成本上漲和通脹升溫,將使我們繼續面對 成 本壓 力。 vtech.com.hk Should this continue, it will not only force the living index and business cost to stay at ...
Influential Saudi Oil Minister Ali al-Naimi said current prices were justified by the dollar’s fall against other major currencies. Advertisement “Current prices are right,” Naimi said. “The dollar is weakening and purchasing power is quite weak so the price is OK.” ...