MicroGroks
The loudest socialist mouthpiece in the House is AOC. She is cheering the news of plummeting oil futures. Monday oil futures went below zero. That means oil producers are paying processors to take the oil. Demand worldwide has plunged in response to the coronavirus.
Just so we’re clear the Democrat Race-Pimps Jesse Jackson and Al Sharpton are in favor of transitioning to what the left pretends are cleaner forms of energy (they are not). But they are concerned that the current crop of Fracking-banners would place an unfair burden on African Americans.
The price of U.S. oil is dropping. It stands at an 18-year low. Demand continues to decline as the world’s economy grinds to a halt. Much of the world is in lockdown.
Oil prices have been historically low for a while and uncharacteristically stable. But earlier this month, after negotiations broke down. Russia told OPEC to “go screw” on production quotas. Saudi Arabia said much the same, and a price war broke out.
The moderate contender and presumptive nominee for the Democrat party is taking the dependency rhetoric out a whole new door. He’d like very much to end the oil industry.
Russia has (apparently) grown weary of the US controlling the global oil and gas trade. Growing its market share and using its newfound energy independence as geopolitical leverage. All the fracking! Moving in on Europe. Into Russia’s backyard. Well, Putin has had enough.
Sea Level Rise Fraud is a thing. Regular readers will be familiar. It’s an issue the left thinks will activate “regular people” to support their mass-confiscation of their incomes. Which in the northeast, when it comes up, should always be followed with this question.
The environmental hypocrisy of the left is legion. They jet-set and rub elbows with people whose carbon footprints make work-a-day Americans look like cave dwellers in comparison. Then excuse this by saying they are doing the people’s business or they buy offsets like the regal sinners buying dispensation form the Pope.
For years the mantra for the progressives on both sides was we can’t drill our way out. But we did. And then some. US Oil and natural gas production aren’t just fueling our economy with stable energy prices, it is changing the politics of oil. And even OPEC is starting to notice.
We don’t shy away from our love affair with cheap, abundant energy. It is a critical cost of doing everything from lifting up an economy to securing national defense interests. Liberals appear opposed to all of that, and some Dems believe them, but will this news data change their minds?
