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Sleepy Joe scolded the [oil & gas] executives for not producing enough energy at a time when the US is trying to fight back against "PuTiN's PrIcE hIkEs" and essentially begged producers to simply do more. Later, his Press Secretary added that it is the "patriotic duty" of the fossil fuel industry to invest in infrastructure that will allow more supply to get to market.
The leaders of the oil and gas companies in the US will never invest in the infrastructure necessary to deliver more refined hydrocarbon products to market when they are actively being demonized and forcefully shoved out of energy markets by an idiotic energy transition that wishes to make their products obsolete. To make matters worse, the idiots in DC are aiming to put a "windfall profit" tax on any money these companies do make.
The only way to fix this is to take the means of money production out of the hands of the unproductive cretins of the world and put it in the hands of the productive class so that they can accumulate and allocate money within a significantly better incentive model. Only then can opportunity cost be repriced to where it should be. Allowing better price signals to surface that incite productive entrepreneurs to action to deliver desperately needed goods to market.
Fix the money, fix the world.
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they tried to hose bitcoin down with their cheap credit and money printing. they literally sprayed it over the last few years. can it survive it?
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Sleepy Joe scolded the [oil & gas] executives for not producing enough energy at a time when the US is trying to fight back against "PuTiN's PrIcE hIkEs" and essentially begged producers to simply do more. Later, his Press Secretary added that it is the "patriotic duty" of the fossil fuel industry to invest in infrastructure that will allow more supply to get to market.
The leaders of the oil and gas companies in the US will never invest in the infrastructure necessary to deliver more refined hydrocarbon products to market when they are actively being demonized and forcefully shoved out of energy markets by an idiotic energy transition that wishes to make their products obsolete. To make matters worse, the idiots in DC are aiming to put a "windfall profit" tax on any money these companies do make.
The only way to fix this is to take the means of money production out of the hands of the unproductive cretins of the world and put it in the hands of the productive class so that they can accumulate and allocate money within a significantly better incentive model. Only then can opportunity cost be repriced to where it should be. Allowing better price signals to surface that incite productive entrepreneurs to action to deliver desperately needed goods to market.
Fix the money, fix the world.
reply