LETTER TO THE EDITOR: Price of oil vs. inflation | SaltWire

To the editor, I spend a great deal of my time watching BNN and virtually all guests talk about inflation being caused by labour wage hikes, grocery price ...

STORY CONTINUES BELOW THESE SALTWIRE VIDEOSI spend a great deal of my time watching BNN and virtually all guests talk about inflation being caused by labour wage hikes, grocery price hikes, etc.

In 1973, as an Engineer with International Nickel in Sudbury, we woke up one morning to find the price of crude went from $1.10 a barrel to $23. per barrel. This was as a result of the Suez Canal blockade. Inflation sky-rocketed and wage and price hikes followed. Both PM Trudeau and President Biden with their freeze on new pipelines and limited drilling…there seems to be no clear plan for anything except for grandstanding and giving away taxpayers' money. After all, neither of them ever owned or ran a business or for that matter…had a real job! So what do we expect?

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