Everybody knows high gas prices are simply a matter of greedy oil companies, right.? And then we see the little stickers on the gas pumps; a picture of Biden pointing at the price saying, “I did this.” It looks like somebody should duke it out.
Now we look around and those of us who look past the “greed” thing and “Biden” thing see there is much more to it than white hats or black hats.
Prices were rising way before “Putin’s inflation.” even before Trump dished out the first of the Covid handouts. Despite drug companies having all the incentive in the world to fund their own research he gave them a billion dollars each, no questions asked. Then an already extravagant unemployment (so-called) insurance program was supplemented, the Paycheck Protection Program, and on and on. Every penny of it comes from working families through the inflation tax.
The safety net was totally in place and adequate for a pandemic, but not for the hysterical overreaction.
Remember the greatest attack on American soil? Same deal. Osama bin Laden was the pandemic of 2001, supposedly killing 3,000 people and wrecking a few lungs and buildings. Ron Paul went before Congress and immediately proposed using Letters of Marque and Reprisal as specified in the Constitution to pay for the capture of self-proclaimed instigator, bin Laden.
As with a logical scientifically guided plan to limit the pandemic’s damage, Paul’s idea for capturing bin Laden was way too cheap: Or maybe would delve too deep?
Europe and Russia had an ideal business relationship. Russia had gas and Europe had manufacturing acumen. Things were going along pretty well with no Cold War to divert cash from useful purposes but…
Some point out record profits for oil companies now, so let’s follow the history of this price runup just to pick a small piece of the puzzle. Without the Cold War, Covid, or Islamic terror, what are the leaches to do without these crises? Well how about placing missiles on the Russian border and doing airplane practice around there like when Jimmy Gladhart taunted me in junior high. There’s a lot of that junior high mentality infecting our rulers. Jimmy didn’t intend to profit from it but what about that militaristic grandstanding along the Russian border? Russia’s reaction was predictable considering the coup in Kiev, Putin’s eight years of warnings, and Kiev’s shelling of Russian loyalists in the Donbas.
Duke it out? Heck, we are all on the same side. There is not a single thing about high fuel prices that can’t be traced back to inept government bullying, whether it’s bullying Russia or bullying the fossil fuel industry. But still there’s those record profits. Might there be more to this story than meets the eye?
The whole purpose of this “Biden” vs “greed” thing is to have us fighting among ourselves. Yeah, the oil companies may be guilty of greed. Is the U.S.government simply a tool for the oil companies doing things that ultimately raise prices? Any attempt at increasing supply is thwarted by green posturing. “Gas tax holidays” lower prices enough to increase demand and ultimately raise prices.
Where greed comes in is where the oil companies watch everything fall into place politically to limit supply. Maybe the oil companies have influence promoting war like in their long history in the Middle East. But ultimately it is government doing the damage, not oil companies following a politically distorted market which is to blame for high gas prices.