BIG Oil once again the bad guy for government over regulation and Brandon executive orders.
He lives and dies by the price on the gas station sign.
Told him it was going to cost him 30 bucks to drive to his cottage, which he does several times a week at least in the summer.
bttt
when she starts slamming Big Education then I will start listening to her.
“Big Meat” was last week’s whipping boy. They rotated to “Big Oil” this week.
Notice that “Big Pharma” is rarely in their sights, even as they kill millions of us.
Higher prices at the pump do not always, or even anytime, mean higher profits for the refiner or wholesaler of the motor fuel. Higher prices mean reduced consumption, as the ultimate consumer begins to engage strategies to keep consumption down, thus lower consumption. We see this with motor fuel taxes, and this is only accentuated with inflation-driven price increases. Only the entity that extracts the product from the ground has a measurable gain in profitability from ultimately higher fuel prices, and that only a relatively short-term gain, as a new equilibrium between supply and demand, based on price, is established.
If the profit margin disappears altogether, the product disappears.
After covid and the destruction of people’s lives by blue states and democrat politicians, oil shortages and hitting the final nail in the economy coffin is just what the democrats ordered to fully implement their plans.
And we’ll be told that their poll numbers went up and they won every seat in the November elections. Dispute it and we’ll be in gitmo with Jan 6th prisoners.
I demand fair trade conflict free oil.
Democrats demand non-fair trade conflict oil.