The UN is an abject failure

I don't think so. Here is your original quote

Here you were inferring nuclear proliferation, aka who has the nukes. Despite the NPT being signed with dozens of countries not signatory to the treaty, nuclear proliferation has continued to rise especialy among the nonsignatory states such as India, Israel, and China, just to name a few. Mutually assurred destruction has kept us from blowing everyone into the next diminension, but not the UN. What the UN has done is make sure the five superpowers have not gone to war with each other. The smaller wars, on the other hand, have continued since its inception because the world is the playground for all major superpowers and regional superpowers.

 

Good grief, you have no idea.

 

Biden has not shut down oil production. Oil production has steadily increased since 2020. the problem is that oil production has not increased fast enough to meet demand. Want to know why oil production is not rising as fast as it can, According to the article listed below, it says, "American oil companies are emerging from a series of lean years. The profligate spending of the early shale boom chastened Wall Street — with lenders prioritizing capital discipline over expansive new drilling programs. Economic shutdowns associated with the Covid-19 pandemic prompted many companies to slash their capital budgets in 2020. And efforts to stand up rigs again have been hampered by a tight labor market and a supply chain crunch. Demand almost always acts faster than supply,” said Daniel Klein, who tracks the industry at S&P Global Platts. “You can’t slam on the brakes as hard as we did [in 2020] and expect supply to come back as quickly as it came off. There are more speed bumps on supply than there are on demand.”

Yes, we slammed the breaks hard in 2020 because of the Pandemic and that is no one's fault. So now, as demand increases, supply has not been able to keep up while oil services companies are desperately trying to get increased capital to not only service said existing oil rigs, but to develop more. And development takes time reguardless of the amount of regulations out there.

https://www.eenews.net/articles/just-how-much-oil-can-the-u-s-pump/

 

The government has spend $5 trillion in money it didn't have since the start of Biden's term. Hence inflation. In fact nearly another trillion has been "authorized" bu the FED and not spent. It has already affected inflation with no benefit even to the government.

Since day one, Biden has been at war with the petroleum industry. The result has been the industry's unwillingness to invest under this administration. It is too risky. They already have leases they can't use because they can't get government permits. Fuel prices up. Nobody else did that. Most of the price rises have resulted from government lockdowns over covid. That wasn't Biden. It was the governors and mayors of America that did that.

The price increases will settle. They are temporary. The inflation - caused by the Biden administration - is permanent unfortunately.

It is you who has no idea.

 

Keep your friends close, and your enemies closer.
I'm relatively isolationist and want the US out of most international entanglements like NATO.
But staying in the UN at least allows us a veto over the most evil of their intentions.

 

Spending money on a natural disaster, such as Covid, Hurricane Katrina, Hurricane Harvey, etc is not the root cause of inflaiton. Milton Friedman didn't even argue that. He argued that money supply is not equalivent to spending, but how much money is in circulation, aka qualatative measures. To control inflation, you much control the money suppy to equal for money demanded. In the late 1970s and early 80s, the money suppy/demand was out of balance. It is why both Paul Volker and Alan Greenspan contracted the money suppy through the FED to decrease the near hyperinflation that has been going on since the Time of Johnson, Nixon, Ford, and Carter Presidencies. All tried, but all failed to control the steadliy increasing inflation.

 

It is an expensive and painful veto. If the U.S. leaves the UN, the UN will fold.

 

You are applying microeconomic principles to a macroeconomic environment. Classic beginner's mistake..

Looks like you are using the idea that inflation is always a monetary phenomenon. That's obsolete..

A year ago Leftys were complaining that Biden was being too nice to oil companies. You use crap sources that tell you lies..

Covid drove down demand, companies were going out of business. Not a good time to invest. Like I said, crap sources..

The reality is they don't want to invest, and have said so. After taking a beating, they are making money. Increasing production will drive prices down, they don't want that.

Nobody else did what??

I already said they were temporary. Actually, the long term forecast is for oil prices to go down, and stay there.

 

What then? How will international political conflicts will be resolved? Getting out of any internaitonal agreement is like selling your own rope to the hangman who is about to hang you, figuratively speaking.

 

I have no idea. None of them are resolved by the UN. Nothing would change. We have a perfect example going on right now. Resolutions don't stop wars. Power stops them.

 

No covid did not reduce demand. It reduced supply. I'm a businessman. I have experienced every economic effect of covid. 2020 was good year as people continued to spend money from home on the internet. 2021 was worse because there was less for them to buy. Been there done that.

While throwing prices in with inflation may be in favor these days, it makes no sense. The causes are different, their affects on the economy are different, and the ways to respond to them are different. Why do they do it? Government wants them to do it to hide its role in inflation. Obfuscation is a common governmental tool as we all know. We need to go back to common sense. I think the main example of a classic beginner's mistake here is yours for paying attention to economists. They never agree. Their role is not scientific. They are involved in analyzing human behavior which is not predictable. It makes about as much sense as political "science."

 

One day one the Biden Administration controlled golbal oil prices when the banned future oil exploration on federal lands and stop oil drilling leases, for examples

 

Countries (and delegates to the UN, for example) have to be willing to negotiate for negotiation to be successful.

IMO, if Russia was unwilling to negotiate before the invasion, they wouldn't have positioned their troops on the border with Ukraine for months. It seems, the government of Ukraine (and members of the US) were/are unwilling to negotiate with Russia.

Even now, Russia is willing to stop the war if:
(1) Donbass is separate from Ukraine and protected from Ukraine. Heck, that's what the people of the Donbass want.
(2) The government of Ukraine pledges not to be so anti-Russian
(2a) Ukraine pledges not to be a member of NATO
BTW, these possibly resolved issues (issues 1-2a) Russia has with Ukraine were the very same issues which caused Russia to place troops on the border with Ukraine...That Ukraine refused to negotiate, hence, the invasion.