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Soaring inflation rate under the Biden administration
#34
<sarcasm>More bad luck for Joe Biden. He just seems to have a knack for being in the wrong place at the wrong time.</sarcasm> Seriously, there is no good time for a man like Joe Biden to be in the White House. He would have been in over his head during his prime.

Quote:U.S. will import 62% more crude by 2022 due to domestic production declines, says EIA

WASHINGTON - Throughout much of its history, the United States has imported more petroleum (which includes crude oil, refined petroleum products, and other liquids) than it has exported. That status changed in 2020. The U.S. Energy Information Administration’s (EIA) February 2021 Short-Term Energy Outlook (STEO) estimates that 2020 marked the first year that the United States exported more petroleum than it imported on an annual basis. However, largely because of declines in domestic crude oil production and corresponding increases in crude oil imports, EIA expects the United States to return to being a net petroleum importer on an annual basis in both 2021 and 2022.
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RE: Soaring inflation rate under the Biden administration - by Hoot Gibson - 10-12-2021, 12:12 AM

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