Rising energy prices and inflation

[Fire Walk With Me]

http://www.forbes.com/business/energy/feeds/ap/2006/06/14/ap2815840.html

(Beware annoying pop-up ad.)

"All energy prices were up 2.4% in May and have risen at an annual rate of 30.8% through May, nearly the 17.1% rise for all of last year."

Let's see; Enron were big Bush supporters, and Cheney's energy policy/summit is a secret. Add in record Exxon profits and we see a trend. And laughing capitalists. Laughing.

[CountAllVotes]

1. yep that is how trickle down works

and it works good for some it seems huh? We the People pay the bills their heartless and moronic follies.

We are told there is little inflation when the reality is about 25% IMO.

Lie lie lie lie lie ... while the rich get richer. Lucky them or stupid us. :grr:

:dem: :kick:

[louis-t]

2. Even when the media admits that inflation is now driven by oil

prices, they only give it the "partly because of oil prices" treatment.
As far as I can see, the ONLY thing causing inflation is oil prices. And raising the prime rate will absolutely NOT affect that. I'm not an economist, can anyone explain to me that my theory is wrong?