White House Desperate To Make New Oil Deals

Zero Hedge: White House Desperate To Make New Oil Deals As Gas Prices Crush Biden

There are two schools of thought when it comes to the stagflation crisis: Those that think inflation in necessities is part of a deliberate agenda of national sabotage, and those that think the whole disaster is a product of pure stupidity. There is certainly enough evidence to suggest that the establishment benefits to a degree from prices skyrocketing, but they also face massive risks if the crisis unfolds too quickly.

A stagflation event is like an avalanche, it's going to come rushing down the mountain and there's no slowing it once it gets moving. Such a crisis can be deliberately created through central bank fiat money printing and hiking interest rates into economic weakness, but are the banks and politicians so foolish as to believe they can control its path of destruction once it starts?

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WNU Editor: There is no extra oil "out there" to get for the short term. And who wants to invest in an industry that President Biden has made very clear that he wants to put out of business.

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US And Russian Chiefs Of Staff Discuss Ukraine In Rare Phone Call

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