Very funny routine ...
Posted on 10/26/2023 4:09:07 AM PDT by RomanSoldier19
1. Banks are short of cash to loan because they have too many US Bonds on their books that are now worth 1/2 of what they paid for the bonds.
2. Refusing loans to oil companies will only increase the price of crude oil.
Biden is doing a great job of crashing this economy.
Oddly enough gas in some areas around me has dropped. I bought super unleaded yesterday for $35 dollars—almost 10 gallons.
I have heard Biden is draining the rest of our Strategic Oil Reserve to keep prices unnaturally low. I wonder.
Banks are subject to state laws in every state they operate in. Ask me how I know.
So banks don't need a business license to operate in Texas or Oklahoma?
I would have to agree we are not at the levels the Europeans and Asians are, but then again, they simply swim in that level of submission to authority.
I DO believe that the insidious effects of BlackRock’s DIE engagement has already been having far reaching effects, the end users are just fat, dumb, and happy, and don’t realize what is going on behind the scenes.
Europe and Asia, however...they are fully invested in the climate change hoax, and dissention is even allowed there.
We knew that this was coming as well. Can’t recall the other example of this political strategy besides the affronts against the gun industry, but this is hardly the first time they’ve used what currently lacks a clever name (e.g., ‘lawfare’).
Absolutely
Screw those bastards
For those who don’t know, an average refinery costs 20B and the margin on gas is about 2-3%.
Refinery’s need constant maintenance as a simple Hydrogen leak can destroy the entire plant.
Food and clothing, any plastics, tires, furniture, auto parts, electronics casing, wire casing, smart phone cases, fertilizer, construction materials, etc.
Petroleum and Natural Gas are used to make almost every product in modern society. Even IF we all drove EVs we still need millions of barrels a day of petroleum to maintain our current existence.
The percentage of petroleum used for fuel is steadily decreasing. Especially as ICE have become so efficient. The HP now generated by a 4 cylinder turbo charged engine is comparable to what came out of a V8 at in the 1970s. The V6 Twin Turbo engines now produce 400 HP. This is much higher than 5 liter V8s used to put out. This has led to our automobiles using less fuel.
Look around you. Almost everything in your home, office, automobile is brought to you by either petroleum or Natural gas. Not just transported by, but components of it are made of these carbon products.
So I wonder how happy those bank execs will be when they can’t get gas for their limos.
"Hi, I'm Fred, I have a bank. You got $1500? …ahhh, I'll put here … in my white suit. White suit, front pocket!"
Can you say "Windfall Profits Tax"?
Insane Bankers think they can shut down 84% of energy
Very funny routine ...
You will be made to care...
Good assessment; tx.
US energy policy is enabling all war on earth.
CSPAN…USHouse amendments 2024 Energy & Water Spending bill. Interesting to watch. Filled with Green new deal BS. Interesting watching Republican Committe Chair work in tandem with Dem Co-chair Kaptur to keep liberal BS in this legislation. Not surprising when you look up the uniparty schmuck’s Liberty score.
https://libertyscore.conservativereview.com/chuck-fleischmann/
No wonder we are screwed! Why is this dude chair of this committee?
Obama and friends disrupting as much as they possibly can
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