There are reasons for “red tape.” Safety. Pollution. The neighbors. Trump has always been a blowhard, making impossible promises and delivering less. That’s not going to change. During the 2024 campaign, he promised voters “he would cut their electric and gasoline prices in h[...]
Posts Tagged ‘oil’
Are you ready for climate change?
Really, none of us are. “Hundreds of millions of Americans are about to have a collision with planetary reality,” a Mother Jones article says (read it here). That reality already includes “superstorms and rising seas; droughts and failed crops; deluges and floods; megafires and or[...]
Biden’s political theater on gas prices
Biden is threatening “to pursue higher taxes on oil company profits if industry giants do not work to cut gas prices,” CNBC reported on Monday, October 31, 2022 (read story here). This is political theater, nothing more, to make it look like he’s fighting high gas prices. It lacks [...]
Should the U.S. divorce Saudi oil?
Democrats are mad as hell, and don’t want to take it anymore. The problem is Saudi Arabia is under new management. King Salman is still alive, but he’s 87, and is comfortably retired. His son, Crown Prince Mohammed bin Salman, 37, runs the country. And probably will for a long, long time[...]
September 15th, 2022 - 2:58 pm § in Environment, Politics
Why nobody respects Congress
To keep this post readably short, I won’t go over the long history of colorful and vile characters who’ve served in Congress at one time or another. I’ll just say voters can elect anybody they want to, and sometimes do, and let it go at that. And also that polls through the years h[...]
What the GOP says about gas prices
Something is happening that Republicans eyeing the fall elections don’t like: Hiring remains strong and gas prices are falling. I’m not saying they’re against a strong job market and lower gas prices; they’d just rather take credit for it themselves. Anyway, this is what Hous[...]
March 9th, 2020 - 12:36 am § in Donald Trump, Economics
Oil prices collapse after Putin rejects production cuts and Saudi Arabia retaliates
Stocks plunge; Dow drops 2,013 points in Monday trading Oil prices plummeted over the weekend after Russia rejected OPEC-proposed production cuts, setting off an oil-price war with Saudi Arabia. Futures for West Texas Intermediate (WTI) crude fell below $28 on Sunday, and WTI settled at $30.99 in Mo[...]
January 16th, 2019 - 11:46 pm § in America
Can the US Dollar Go Off the Oil Standard?
Not so far back in history, the dollar was denominated in gold. That worked until capitalism told us that the real value of a currency had to be the capital, the productive wealth of a country. Gold was just a raw material, worth less than the factories and farms that made America the first real[...]
June 3rd, 2018 - 11:33 am § in Foreign Affairs, Saudi Arabia
While Trump’s US Infrastructure rots, Trump’s oil policies build ultra fast trains in Saudi Arabia
Haramain train makes pilot trip[...]
Chinazor in Nigeria:
Chinazor Onianwah A vast waste of talent and resources unfolding in this land of plenty. It’s depressing to show the photos of people queening to buy gasoline in a country that is the largest producer of crude oil, so I won’t. President Buhari’s incompetence is becoming glaring. [...]