Because again, no matter what the oil companies try to spin it and what the spin doctors try to say in this cycle, The root cause of inflation is the increased cost of oil and gas. the Inflation Reduction act, the ChiPs act, all of those things were just passed. The spending hasn't even started. It cannot be the cause of inflation in this cycle. (05:39–05:45)
CLAIM
Asserts that rising oil and gas prices are the primary cause of inflation.
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