Current Events > Hey grocery prices if you could stop going up that would be great thanks

(+) Yeah! (+)

$80 for barely anything this week

Greedy ass corps shouldn't be allowed to get away with this bullshit

Yup it sucks

I blame the fuel prices.

We're approaching a massive global famine, so get ready for it to get even worse.

pfh1001 posted...

We're approaching a massive global famine

stay away from my hoard of beans!

a bag of Doritos is $5 and unless you're going Party Size you're not getting a decent portion.

i had to change my grocery habits month's ago to keep up.
walmart inflation goes at a lower rate. also check whichever is cheapest on sales within area.

Priere posted...

I blame the fuel prices.

Did you not know oil companies purposely not drilling to drive up the price?
They say so in their earnings calls.

Don't be fooled.

WingsOfGood posted...

Did you not know oil companies purposely not drilling to drive up the price?

...and successful regulatory capture means some new company can't just start drilling a hole.

Questionmarktarius posted...

...and successful regulatory capture means some new company can't just start drilling a hole.

Not true. No one wants to drill, they fucking say it.

But they also want fools to believe the government won't let them so they can not be blamed for jacking up prices.

Pls be better than that

WingsOfGood posted...

Not true. No one wants to drill, they fucking say it.

We should have had backyard refining by now.

Don't let braindead trumper talking points trick you.

https://www.cbsnews.com/news/oil-production-prices-us-companies-wont-increase-2022-dallas-fed-survey/

Many oil and gas executives say they have little interest in increasing oil production even at crude's near-record prices, which make extraction very profitable for their companies.

The price of crude oil has been steadily rising since the start of last year. It hit $100 a barrel in March after Russia invaded Ukraine the first time in 12 years it breached three digits.

"Forty percent of respondents don't think that a price of $120 a barrel, which is very profitable from what we know about the marginal cost of shale production, is enough to increase output," said Paul Ashworth, chief North America economist for Capital Economics.

As to why they weren't drilling more, oil executives blamed Wall Street. Nearly 60% cited "investor pressure to maintain capital discipline" as the primary reason oil companies weren't drilling more despite skyrocketing prices, according to the Dallas Fed survey.

Only 11% cited environmental, social or governance issues; 8% said they had difficulty getting financing; 15% cited other reasons

read that again

As to why they weren't drilling more, oil executives blamed Wall Street. Nearly 60% cited "investor pressure to maintain capital discipline" as the primary reason oil companies weren't drilling more despite skyrocketing prices, according to the Dallas Fed survey.

Only 11% cited environmental, social or governance issues; 8% said they had difficulty getting financing; 15% cited other reasons

holy moly how can anyone think "omgeh govmnt won't let em drill!"

like

HOLY

MOLY

WingsOfGood posted...

holy moly how can anyone think "omgeh govmnt won't let em drill!"

The "magic" of regulatory capture is that both can be true at once.
It's functionally collusion and protected monopolies, with government agencies at the middleman.

Exxon and Phillips can whine about "excessive regulation" while riding that same regulation to the bank, because they've wrote it.
Meanwhile, Bob's Discount Petroleum isn't even allowed to exist.

Questionmarktarius posted...

The "magic" of regulatory capture is that both can be true at once.
It's functionally collusion and protected monopolies, with government agencies at the middleman.

Exxon and Phillips can whine about "excessive regulation" while riding that same regulation to the bank, because they've wrote it.
Meanwhile, Bob's Discount Petroleum isn't even allowed to exist.

dude can you not read the article?

no one cares your weird opinion about this

As to why they weren't drilling more, oil executives blamed Wall Street. Nearly 60% cited "investor pressure to maintain capital discipline" as the primary reason oil companies weren't drilling more despite skyrocketing prices, according to the Dallas Fed survey.

Only 11% cited environmental, social or governance issues; 8% said they had difficulty getting financing; 15% cited other reasons

Beveren_Rabbit posted...

a bag of Doritos is $5 and unless you're going Party Size you're not getting a decent portion.

name brands aint it hoss

Soon. Soon people will be hungry enough to eat the rich.