Food costs went up in part because of high commodity prices. And all the the other factors including Putin's attack on Ukraine which drove energy and food costs higher.
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So, oil companies had excess profits because of the war in Ukraine, but farmers didn't have excess profits because of the war in Ukraine? Even though grains went up much more than oil did?
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What created these record profits? Demand! There was demand for oil that exceeded supply. Regardless of the tax and regulation policies of the EU, USA and Canada there was still strong demand. Supply was somewhat curtailed by government regulation and tax policies which contributed to a higher price. Now you want to blame the companies and excessively tax their success for being in the right place at the right time and for benefitting from government policy which restricted production?!Originally posted by chuckChuck View PostRecord profits in 2022 that drove inflation much higher.
How is this possible if Trudeau killed the oil industry?
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Any farmer that markets grain knows exactly what causes commodity price changes. Number 1 is the weather and number 2 is world disruptions.Globally Canada did very well as far as inflation.Moe increased te PST 20% plus expanded .Do you think that changed rent costs or new housing costs.Probably many times more than the carbon tax but in the end a very small % of inflation.Originally posted by jazz View Postchuck taking his taking points right from Trudeau looks like. Sure dont remember food costs going up during the Iraq and Afghanistan wars. Even oil didnt go up much during those conflcits.
marxists just cant put 2 and 2 together. Govts cause inflation, nothing else.
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So your saying production around the world due to drought does not effect grain prices.Hope you do not market your own grain.Originally posted by jazz View PostYou think the weather changes prices and global disruptions. That’s so cute.
trade the equites markets for a few years. You will find out.
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I'm sure those who bragged on Agriville about multiple years of on farm stored commodities and then addmitted they missed the spring of 2022 rally (greed) that was caused by Putin's genocidal invasion of Ukraine would be scratching their heads on that one.Originally posted by jazz View PostYou think the weather changes prices and global disruptions. That’s so cute.
trade the equites markets for a few years. You will find out.
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