Name:	Talullahhound -	Reply
Subject:	Janet Yellen is an Idiot
Date:	6/1/2022 11:15:25 AM

Watching her this morning on CNBC, she was asked what the WH can do about high gas prices.  She promptly indicated that it was all the oil companies fault - that they had leases they they haven't used, that they are sitting on high profits and that the oil is priced globally, not locally.  

Oh and she admits she miscalcuated on the path of inflation.  

I don' t know how old she is, but she reminds me of Biden - she should have been retired years ago.  Any fool knew that inflation was not going to be "transitory".  We need to bring back Mnuchen, who at least seemed to be smart and had common sense.  

The oil companies have said that a lot of the leases need to be developed - so no short term fix there.  And yes, oil prices are set globally based on the availability and demand - however, if the US upped it's production there would be more oil in the market to meet demand and the prices would be forced down.  We've gone all these years at decent oil prices, but suddenly under Biden, it's a crisis.  

And Biden does a pboto op with the Fed Chair and says he'll leave curbing inflation to  them - as if it is not his problem.  

Name:	MartiniMan -	Reply
Subject:	She is indeed
Date:	6/1/2022 11:34:06 AM

She either does not understand the oil industry or she is intentionally lying.  Oil companies lease land to explore for oil using siesmic data to assess whether the leased land is a viable prospect worthy of spending millions of dollars to drill a well.  The vast majority of the leased parcels are ultimately determined not to be viable.  That she thinks its' the oil companies fault for not drilling dry wells on useless leases is unfathomable....unless she is ignorant or stupid or like you said, an idiot....which is a deadly combination of stupid and ignorant.

DJ gave up their real strategy of driving up oil prices to force the country into alternative sources of "clean" energy.  Of course when people are back to waiting in line for gas ala the 70's they are really going to be PO'd.  And it appears to be coming according to some "experts".  I predict $6 gas this summer and shortages although hopefully not as bad as the 70's.  OPEC is NOT going to increase production as they are making a killing right now with the higher prices.  While I believed we were headed for stagflation like the 70's I never imagined they could be so incompetent that we will also have gas shortages.  I am still skeptical but am to the point where nothing bad that happens should surpise us.  No wonder his approval rating is now down to 34%.........who the idiots are in the 34% that approve of his performance is a real mystery.  I thought only about 20% of Americans hate this country and want to see it fail.  I maybe misunderestimated that number.

Name:	Talullahhound -	Reply
Subject:	She is indeed
Date:	6/1/2022 12:31:55 PM

Sadly I remember the 70s oil shortage and the alternate days and how freaking inconvenient that was.  Not to mention inflations.  When I bought my first house, the interest rate was 15 1/2% and they wouldn't lock in your rate until the day you closed, because the rates were going up every day.  

Yesterday, Biden did a photo op with the Fed Chair and slid the responsibility for inlflation off on the Fed.  Of course we know that Biden doesn't take responsibility for anything - it's because of COVID and the war in Ukraine and Trump being the former President...

And I read that to give each student debtor $10,000 relief, it is going to cost American taxpayers $320B.  And it won't come close to solving the problem.  My idea is to give the money to those with student loans who majored in studies that are useful to the US and let the philosophers, archeologists, theatre majors, etc, twist in the wind.  But you have to wonder where Biden thinks that money is coming from?  He's always talking about working families, yet, all this money is being borrowed  - at some point - the interest on the national debt is going to require a tax increase so high, it's going to strangle "working families".  

Name:	Carlson -	Reply
Subject:	Energy independent just months ago
Date:	6/1/2022 2:38:33 PM

Lol!  Janet goes whichever way the wind blows!