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<blockquote data-quote="vantexan" data-source="post: 5214010" data-attributes="member: 24302"><p>Inflation is the result of too much money in the system. Prices go up because the money is worth less because there's too much of it. Prices are exacerbated by limiting supply of commodities. Less oil in the system further drives up prices at the pump. Bringing in oil from overseas instead of producing locally to make up the shortfall further raises prices. Solution? Much higher interest rates will draw money out of the system. The Fed has to stop printing money and greatly increase interest rates. And domestic oil production must increase. Our current situation is strictly a result of too much money printing and not enough domestic oil production. And yes, our domestic oil producers aren't going to invest huge amounts of money to get at new oil deposits in an environment where the government is hostile to them. Blaming oil companies for the current prices is ridiculous and is typical of liberals who pass the blame onto everyone else but themselves for their own policies.</p></blockquote><p></p>
[QUOTE="vantexan, post: 5214010, member: 24302"] Inflation is the result of too much money in the system. Prices go up because the money is worth less because there's too much of it. Prices are exacerbated by limiting supply of commodities. Less oil in the system further drives up prices at the pump. Bringing in oil from overseas instead of producing locally to make up the shortfall further raises prices. Solution? Much higher interest rates will draw money out of the system. The Fed has to stop printing money and greatly increase interest rates. And domestic oil production must increase. Our current situation is strictly a result of too much money printing and not enough domestic oil production. And yes, our domestic oil producers aren't going to invest huge amounts of money to get at new oil deposits in an environment where the government is hostile to them. Blaming oil companies for the current prices is ridiculous and is typical of liberals who pass the blame onto everyone else but themselves for their own policies. [/QUOTE]
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