{"id":1172127,"date":"2021-12-30T09:19:51","date_gmt":"2021-12-30T14:19:51","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1172127"},"modified":"2021-12-30T09:19:53","modified_gmt":"2021-12-30T14:19:53","slug":"wall-street-journal-inflation-is-caused-by-bad-weather","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wall-street-journal-inflation-is-caused-by-bad-weather\/","title":{"rendered":"Wall Street Journal: Inflation Is Caused by Bad Weather"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">18<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fwall-street-journal-inflation-is-caused-by-bad-weather%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1172127&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div><img decoding=\"async\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2021\/12\/AP_21046605092387-1-640x335-1.jpg\" class=\"ff-og-image-inserted\" alt=\"image\" \/><\/div>\n<p class=\"subheading\">The&nbsp;<em>Wall Street Journal<\/em> published an article on Tuesday claiming that the country\u2019s current inflation woes can be traced to bad weather \u2014 though, curiously, the article did not mention \u201cclimate change\u201d as the cause of dramatic weather events.<\/p>\n<p>The&nbsp;<em>Journal<\/em>\u2018s Ryan Dezember <a href=\"https:\/\/www.wsj.com\/articles\/blame-bad-weather-for-your-bigger-bills-11640640525\">wrote<\/a>:<\/p>\n<figure id=\"D-ROS-B1\" class=\"a8d\"><\/figure>\n<figure id=\"M-ROS-B1\" class=\"a8d\"><\/figure>\n<figure id=\"gmxrevmore\" class=\"H\"><\/figure>\n<blockquote>\n<p>Policy makers and investors have debated the effects of fiscal and monetary policy on inflation, but a big reason for rising prices this year have been factors that neither lawmakers nor central banks can do much about. Prices for natural gas, lumber, corn, soybeans, wheat and other building blocks of modern commerce surged to multiyear highs\u2014in some cases records\u2014because of fire, freezes, flood, drought, hurricanes and some of the hottest weather ever.<\/p>\n<p>\u2026<\/p>\n<p>It all started in February when <a class=\"icon none\" href=\"https:\/\/www.wsj.com\/articles\/texas-freeze-power-grid-failure-electricity-market-incentives-11613777856?mod=article_inline\" target=\"_blank\" rel=\"nofollow noopener\">Texas froze over<\/a>. Winter Storm Uri drove up demand for natural gas for heat while clogging wells with ice, which drastically reduced production in the region that needed fuel to stay warm.<\/p>\n<p>\u2026<\/p>\n<p>In South America, <a class=\"icon none\" href=\"https:\/\/www.wsj.com\/articles\/severe-drought-hits-south-america-11635240602?mod=article_inline\" target=\"_blank\" rel=\"nofollow noopener\">the worst drought in decades<\/a>scorched growing regions, wilting Brazil\u2019s export corn crop and leaving the Paran\u00e1 River too shallow for fully loaded boats to pass from Argentina\u2019s interior to Atlantic shipping lanes. By mid-May, corn and soybean futures had risen to their <a class=\"icon none\" href=\"https:\/\/www.wsj.com\/articles\/corn-is-the-latest-commodity-to-pop-11620644400?mod=article_inline\" target=\"_blank\" rel=\"nofollow noopener\">highest prices in several years<\/a>.<\/p>\n<p>Drought struck North America, drying up <a class=\"icon none\" href=\"https:\/\/www.wsj.com\/articles\/west-risks-blackouts-as-hydroelectric-power-dries-up-11624008601?mod=article_inline\" target=\"_blank\" rel=\"nofollow noopener\">hydropower in the West<\/a>. One big hydropower station in northern California had to be shut down completely when Lake Oroville dropped beneath the water level needed to generate electricity. Natural gas and coal were burned to cover the shortfall, driving up prices.<\/p>\n<\/blockquote>\n<p>Read the full article <a href=\"https:\/\/www.wsj.com\/articles\/blame-bad-weather-for-your-bigger-bills-11640640525\">here<\/a>.<\/p>\n<figure id=\"M-ROS-B2\" class=\"a8d\"><\/figure>\n<p>Critics of the radical environmentalist movement have noted that the left tends to blame everything on climate change.<\/p>\n<p>An editorial three years ago in&nbsp;<em>Investor\u2019s Business Daily<\/em>&nbsp;observed: \u201cPick a topic and add \u2018climate change\u2019 to it in a Google search and you\u2019re likely to find some article or study suggesting a connection between the two.\u201d<\/p>\n<p>Other explanations for inflation have tended to focus on a surge in consumer demand, a glut of federal spending, and low interest rates from the Federal Reserve, as well as supply chain problems caused by a variety of management inefficiencies.<\/p>\n<p><em>Joel B. Pollak is Senior Editor-at-Large at Breitbart News and the host of <\/em>Breitbart News Sunday<em> on Sirius XM Patriot on Sunday evenings from 7 p.m. to 10 p.m. ET (4 p.m. to 7 p.m. PT). He is the author of the recent e-book, <a href=\"https:\/\/www.amazon.com\/Neither-Free-nor-Fair-Presidential-ebook\/dp\/B08PNN54BB\">Neither Free nor Fair: The 2020 U.S. Presidential Election<\/a>. His recent book, <\/em><a href=\"https:\/\/www.centerstreet.com\/titles\/joel-b-pollak\/red-november\/9781546099840\/\">RED NOVEMBER<\/a><em>, tells the story of the 2020 Democratic presidential primary from a conservative perspective. He is a winner of the 2018 Robert Novak Journalism Alumni Fellowship. Follow him on Twitter at <a class=\"x5l\" href=\"https:\/\/twitter.com\/joelpollak\" target=\"_blank\" rel=\"noopener external\">@joelpollak<\/a>.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The\u00a0Wall Street Journal published an article on Tuesday claiming that the country\u2019s current inflation woes can be traced to bad weather \u2014 though, curiously, the article did not mention \u201cclimate &#8230;<\/p>\n","protected":false},"author":27,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1172127","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1172127","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/27"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1172127"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1172127\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1172127"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1172127"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1172127"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}