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To: lodi90
Big Oil doesn't need sympathy. They got the puppet they wanted and he jacked up oil prices.

Dims pretending to hate Big Oil and Big Oil pretending they're scared is all theatre.

18 posted on 03/30/2022 5:21:33 PM PDT by Tell It Right (1st Thessalonians 5:21 -- Put everything to the test, hold fast to that which is true.)
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To: Tell It Right

“Big Oil” celebrating because prices are high may or may not be true however, they’re not stupid. If it’s true, it’s analogous to the financial issues of 2007-2008, which as its root had the government as the problem. Back then, the government FORCED banks to make loans to non-creditworthy borrowers (Remember the Community Reinvestment Act from the 1990s?) The banks, being greedy but not stupid, spread the risk through Mortgage Backed Securities and got the rating agencies to rate them high. While oil is a world-wide commodity, in the present day, the rise in the price of fuel (and most everything else) is TOTALLY ON THE GOVERNMENT. Between EO13990, restricting/prohibition of drilling on federal lands (how were these lands acquired anyway?), and the totally irresponsible, needless printing of money and injecting it into the economy, what do you expect to happen? It takes a long time to build however, as we’ve seen during the last 14 months, it doesn’t take a long time to destroy.


28 posted on 03/31/2022 5:30:14 AM PDT by Smber (The smallest minority is the individual. Get the government off my back.)
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