Topic: Oil Companies

A caller named Jefferson discusses the historical context of the word "inflation," noting that Thomas Jefferson warned about it 230 years ago. Jones and the caller discuss how rising energy prices are the true benchmark of inflation. Jones argues that big oil companies and the Biden administration are working together to create artificial scarcity.

Rising gas prices have led to an increase in fuel theft, including siphoning and drilling into gas tanks. The Abbott baby formula plant in Sturgis, Michigan, faced a new closure due to weather damage, exacerbating the national shortage. Additionally, President Biden has threatened U.S. oil companies with emergency authorities, a move seen as hostile toward an industry already struggling with regulatory sabotage.