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Governments are the primary beneficiaries of changes in oil prices due to the collection of royalties, taxes, and duties.
Daniel Lacalle made this point in response to claims about who profits from oil price fluctuations, highlighting that government revenue sees significant gains from these moves. Lacalle called for an end to what he described as propaganda on the topic.
Lacalle's perspective on government gains from commodity price swings aligns with his prior analysis of broader economic indicators, including the implications of shifts in U.S. CPI inflation rates. His commentary on how falling inflation—in particular, the period when CPI reached its lowest level since 2020 as detailed in recent trend data—underscores the interconnectedness between fiscal policy, public revenues, and wider market dynamics.