RE:$9.00 for a tub of margarine at stuperstoreAgree. Both food and oil & gas are basic to civilization so raising int rates will not
bring down the price of either one. The central bankers are using the only tool they
have but its not the right tool to solve the problem. Its like attacking the symptoms
but not the causes. Years of underinvestment and negative messaging by climate
change advocats have crippled the energy sector and escalated food prices as a
consequence.
The politicians and others who pushed the climate changed agenda have pushed
the whole world over the edge in their zeal to save our climate forgetting that we
still need oil & gas to keep us going before renewables and energy storage systems
are 100% reliable. We are not there yet but have burned the energy bridge too soon
and now we face the consequnces of such a rash and impetuous decision.