Whoopi Goldberg freaks out media not reporting on 'real culprit' behind inflation:

She's a simpleton, a sheep who is parroting the leftist echo chamber's latest babble. On Monday's show, she'll add Putin to the list of those to blame.

 

Wrong, in my examples, and in monetary terms, profits haven’t declined, however, an additional cost that relates to shipment of goods/rising cost of transportation fuel was passed on the consumers.

In addition, my examples clearly show NO price gouging.

 

Here’s my ex-employer’s oil & gas exploration/production Net Income from 2017 to 2021

2017…..Minus $4.04 Billion
2018…..Minus $272 million
2019…..Minus 408 Million
2020…..Minus 3.08 Billion
2021…..Plus $559 million

Note; When Trump was POTUS, numerous oil & gas Independents haven’t made a profit, and the integrated oil & gas companies’ profit margins weren’t healthy.

 

OK you realize this discussion is about inflation right? So yes, if the dollar amount of your profit remains the same, it's worth less.

 

True, however, do you want examples of higher sales of units = higher gross profits, and the following increases;

a. Cost of materials needed to manufacture a finish product; up 10% due to a rise in shipping cost

b. Cost of finish product purchased by Retail for resale; up 10% due to a rise in shipping cost

c. Cost to consumers to buy finish product; up 10% due to a rise in shipping cost

 

I'd sure like to see some links to your claim. However, I could absolutely see oil and gas pumping billions into production during the period where Trump rolled back restrictive regulations.

 

OK so I'm not sure what that has to do with the inflation point in this thread.

 

Here’s my belief;

I believe many companies have price gouged their products when Demand exceeded Supply, but not by more than 20%, and when Supply met Demand, higher sales of merchandises mainly boosted Corporate profits.

 

Google Hess Net Income, 2010 -2022, Macrotrends.Net

 

OK is there some sort of econometric data on this? I'm not sure where you are getting this idea from.

 

WHAT IS THE CAUSE OF THE SAME HAPPENING IN SO MANY OTHER COUNTRIES? Too hard to answer, huh?

 

But much too hard to know why so many other countries are having THE SAME INFLATION AT THE SAME TIME, HUH? Truth is you really really really do not want to say what's causing it in other countries because it's the same story here: supply chain problems and corporate greed. Not presidents or prime ministers. So shove it.

 

Many voters know the real truth as we will find out come November.

 

But my point is and was, you're not facing the reality. The reality is that inflation is running around 8% and THE INCREASE in corporate profits is more like 12 points. You're thinking about an 8% inflation resulting in an 8 percent increase in profits.

 

Supply chain disruptions? Public knowledge

Price Gouging? There’s a reason why the Dem Congress wants to pass the Gas Price Gouging Prevention Bill…….To INVESTIGATE energy companies for ALLEGED price gouging.

 

Could you provide a quarter by quarter comparison?

 

The realistic rate of inflation is the cumulative rate of inflation, thus, approx. 14% since the annual inflation rate started its uptrend.

 

Only non-partisan people know the real truth. Partisanship makes people blind and/or irrational.

 

It’s a belief!

The Earth was flat until someone found a scientific method that invalidated said belief.

Thus, I believe some companies have price gouged their products during a period when Demand surpassed Supply, however, I don’t have any proof.

 

Fact; Yes, when natural gas was solely a domestic market, we burned/flared the excess supply, thus, approx. 20% of total production.

Does anyone know why?

 

Interesting.

All you did was discuss the symptoms, as though the disease didn't pre-exist.

 

Anticipated response from people who don’t understand the economics; “What a waste of money, and bad for the environment”

 

In reference to the Texas’ Deep Freeze, February 2021; Was it Biden’s fault that natural gas wells, and their flow lines/distribution system FROZE, thus, causing a severe supply chain disruption?

In addition, Texas’ refineries are powered by natural gas, thus, the deep freeze also shut them down, thus, causing another severe supply chain disruption.

Last, what are the challenges/complexities to reactivate all of the above?

 

It’s not the same so your entire premise is nonsense lol

 

It is, and it is not the same.

For example; In the U.S., my understanding of what caused a near double digit inflation is certainly not the same as your understanding.