Why are these people on the business networks deceiving us into believing inflation is transitory?

I dont know how they can say this with a straight face. It's just beyond reasoning. Look at food and gas. C'mon. Libya supplies just 3% of the oil, yet everything is Libya's fault. The wild speculation is the effect of the money-printing. It encourages malinvestment. So for these pseudo-intellectuals to come on air and tell us everything's gonna be okay and that inflation is just transitory, it's just beyond me. What do you think?