Tag: Inflation

Two Democrats Join Call for Increased Domestic Oil Production

Senators Joe Manchin (D-WV) and Jon Tester (D-MT) have turned the call for domestic oil production bipartisan. The two were questioned by CNN’s Manu Raju in the Capitol where they emphasized domestic production over new sources of foreign imports. “We shouldn’t be advancing other countries who don’t share our values,” Tester said. “So I think

Biden Bans Russian Oil, Natural Gas

President Joe Biden has banned imports of Russian oil and natural gas, sending gasoline prices soaring even further amid ongoing inflation. Biden attempted to pin already elevated gas prices on what he’s calling the “Putin price hike”, undoubtedly trying to get ahead of the inevitable public blowback as midterm elections come into play. According to

Biden Taps Strategic Oil Reserve for Second Time

The Biden Administration will join other governments to collectively deploy 60 million barrels of crude oil from strategic reserves in order to counteract the increased prices caused by Russia’s war. The US will contribute half the total amount, or 30 million barrels, while Europe and Asia make up the rest. According to the Washington Examiner:

President Joe Biden Holds Second Press Conference of Presidency

Today at 4:00 PM EST, President Joe Biden will give only the second solo formal press conference of his presidency. His first solo White House presser was on March 20th of 2020. He is expected to answer questions on the future of COVID mitigation, inflation fears, nuclear threats, Russia, and Donald Trump. Please join us

Biden Doing Damage Control on Horrible Inflation Numbers

New inflation numbers handed Biden’s economy horrible news, and now he is doing damage control. According to Townhall: Shortly after the data was published, President Joe Biden released a statement attempting to spin the situation, deflect responsibility and call form even more spending. “Today’s numbers reflect the pressures that economies around the world are facing

Inflation Reaches High Not Seen in 30-Years

Inflation did not get any better in October. In fact, it got worse. The Consumer-Price Index rose at a 6.2% annual rate. The rise was driven by pandemic-related supply shortages and strength in consumer demand. Worse yet, the core price index which excludes food and energy prices rose at 4.6% in October. In September it rose at