Bideniflation Begins to Ease a Little in U.S. Shale Basins

Inflation is a measure of the rate of rising prices of goods and services in an economy. Inflation can occur when prices rise due to increases in production costs, such as raw materials and wages. A surge in demand for products and services can cause inflation as consumers are willing to pay more for the product. But inflation can also be caused by the government printing and spending too much money. We refer to the current high inflation in our country as Bidenflation--caused by the Biden White House and colluding Democrats in Congress--because they passed massive, reckless spending bills. Much of that spending is being paid for by simply printing new money. When you have more money chasing the same amount of goods and services, prices go up. Inflation.

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