And right-wing America thinks this is Biden's fault. They think it's all due to the fucking XL pipeline, because that's what Hannity tells them every single day.
Tell me why most of the World's oil and other resources are concentrated in totalitarian, fascists regimes like Russia, Saudi Arabia, Venezuela and others?
Both Democrat and Republican senators and representatives over the last 50 years have allowed all our corporations, Oil & Gas, pharmaceuticals, agribusiness and medical care systems, to become de-facto monopolies. Senator Sanders has tried to work within the Democratic Party so long and so many times; to little benefit. The US desperately needs a 3rd political party called CommonSenseUSA to gather almost 50 million independent voters with voters from both of the dinosaur parties so we can get something practical done that will benefit all of us. As long as we only have 'the same' politicians coming and going some of us simply don't vote for incumbents anymore. It's entirely believable that our +$4 gas prices and the entire Ukraninian game plan was indeed put in place by Mr. Trump in alliance with major executives from the Oil & Gas industry as the Reuters article suggest: https://www dot reuters.com/article/us-global-oil-trump-saudi-specialreport/special-report-trump-told-saudi-cut-oil-supply-or-lose-u-s-military-support-sources-idUSKBN22C1V4. Great research, thanks, Mr. Hartman.
Trump did a quid pro quo with the Saudis about liquefied natural gas too. He traded arms that the Congress said they could not have, and in return, they bought LNG from the folks shipping it in the southern states. They have so much of their own natural gas in Saudi Arabia, it's as if they were buying sand. I contacted people in Congress. It seems they were busy trying to sort through what he had done in that Zelenskyy phone call. I was hoping they'd nail him for that arms deal at the same time. Poor Yemen, and now it's poor Ukraine.
It's all part of the Trump mo; create enough chaos, and they will never get to it all to prosecute in time. As for the lead pipe and beating people's heads, some of them took that literally and then to the Capitol. Chaos and pain---turns out that's Trump's AND the GOP's thing.
The oil industry and car manufacturers colluded to keep the guzzlers on the market. Don't think that's working anymore, so take heart next time you see an electric truck or Hummer. Costs about $9-$16 to fill those suckers up depending on whether you do it at home or commercially. Half as many parts, hardly any maintenance, and they go really fast, but sorry guys, they don't go vroom!
For those hating on Congress, 7% of them are quitting this cycle. I know you'd like more, but enjoy!
I can't sit silent while people lie and distort the effect Bernie Sanders has had on both parties. Do you watch what he says in interviews? No one needs to speak for him about his relationship with the Democrats. HE talks about it.
The biggest gift Thom has given us was the access we had to Bernie and a chance to hear him say out loud what we thought was true and possible. And, he told us to get to work, just like Thom.
If you think the Democrats and President Biden are not moving much of his agenda along, you are not LISTENING TO BERNIE.
Completely ignored by the media corporations is the role of Wall Street in greatly increasing oil prices. In the past the oil futures market participants were the major consumers like the airlines, and the major producers, the oil companies. Wall Street vulture capitalists realized that they could rake in billions in profits by getting joining in and speculating. When oil goes from $15 a barrel to more than $100 with a matter of days, it is the speculators that are driving prices up.
It has little or nothing to do with the actual supply and the actual demand. Consider that the U.S. only gets 3% of its oil from Russia and our government was happy under Trump to shut off oil from Iran and from Venezuela. This greatly increased the profits of Exxon and Chevron and the other oil companies. A portion of these excess profits go as kickback in the form of campaign contributions and other gifts to members of Congress and the U.S. Supreme Court which is why nothing is ever done.
While I certainly do not blame skyrocketing gasoline prices on Biden alone, me thinks thou doth protest too much regarding Trump's impact. Trump and Putin cannot be responsible for all the ills in our country Thom, just as Republicans were blaming Clinton and Obama years after their tenure for things they were not responsible for. This is largely more echo chamber cover for Democrats and if the diagnosis isn't right the treatment won't be either, although of course the point that we are too dependent on authoritarian leaders for our oil is irrefutable.
First, nobody "produces" oil. They extract oil, it was produced millions of years ago and concentrated by time and geology. Take a look at oil extraction in the top ten oil selling companies, including the KSA. You will not find evidence that supports the claims of this article.
Having said that, the KSA almost certainly agreed to what TrumPutin demanded. They descend from nomads who lived in one of the harshest places on earth. They aren't stupid people. I have worked with many Saudis, and if you find them easy to out negotiate, count your change. These folks have been politically maneuvering for millennia.
This article is way off. The KSA doesn't control gasoline or oil prices. They can't. If they could, they wouldn't waste money buying people like TrumPutin.
I suggest you read "Twilight in the Desert" by Matt Simmons. To quote one fact from Matt's excellent book, every oilfield conference on enhanced oil recovery (EOC) since 1972 has been headlined by EOC experts from the KSA. If their oil was so easily gotten, they wouldn't know how to spell EOC. The fact is, their main oil field has been declining for 50 years. The last time I checked, which was maybe 10 years ago, the KSA were injecting 7 million BBLS a day of sea water into Ghawar, from thousands of former extraction wells, driving the remaining oil to a drastically reduced number of extraction wells.
It's not running dry, and the KSA have other reservoirs, but it's no longer 1930.
And right-wing America thinks this is Biden's fault. They think it's all due to the fucking XL pipeline, because that's what Hannity tells them every single day.
Tell me why most of the World's oil and other resources are concentrated in totalitarian, fascists regimes like Russia, Saudi Arabia, Venezuela and others?
Both Democrat and Republican senators and representatives over the last 50 years have allowed all our corporations, Oil & Gas, pharmaceuticals, agribusiness and medical care systems, to become de-facto monopolies. Senator Sanders has tried to work within the Democratic Party so long and so many times; to little benefit. The US desperately needs a 3rd political party called CommonSenseUSA to gather almost 50 million independent voters with voters from both of the dinosaur parties so we can get something practical done that will benefit all of us. As long as we only have 'the same' politicians coming and going some of us simply don't vote for incumbents anymore. It's entirely believable that our +$4 gas prices and the entire Ukraninian game plan was indeed put in place by Mr. Trump in alliance with major executives from the Oil & Gas industry as the Reuters article suggest: https://www dot reuters.com/article/us-global-oil-trump-saudi-specialreport/special-report-trump-told-saudi-cut-oil-supply-or-lose-u-s-military-support-sources-idUSKBN22C1V4. Great research, thanks, Mr. Hartman.
Trump did a quid pro quo with the Saudis about liquefied natural gas too. He traded arms that the Congress said they could not have, and in return, they bought LNG from the folks shipping it in the southern states. They have so much of their own natural gas in Saudi Arabia, it's as if they were buying sand. I contacted people in Congress. It seems they were busy trying to sort through what he had done in that Zelenskyy phone call. I was hoping they'd nail him for that arms deal at the same time. Poor Yemen, and now it's poor Ukraine.
It's all part of the Trump mo; create enough chaos, and they will never get to it all to prosecute in time. As for the lead pipe and beating people's heads, some of them took that literally and then to the Capitol. Chaos and pain---turns out that's Trump's AND the GOP's thing.
The oil industry and car manufacturers colluded to keep the guzzlers on the market. Don't think that's working anymore, so take heart next time you see an electric truck or Hummer. Costs about $9-$16 to fill those suckers up depending on whether you do it at home or commercially. Half as many parts, hardly any maintenance, and they go really fast, but sorry guys, they don't go vroom!
For those hating on Congress, 7% of them are quitting this cycle. I know you'd like more, but enjoy!
I can't sit silent while people lie and distort the effect Bernie Sanders has had on both parties. Do you watch what he says in interviews? No one needs to speak for him about his relationship with the Democrats. HE talks about it.
The biggest gift Thom has given us was the access we had to Bernie and a chance to hear him say out loud what we thought was true and possible. And, he told us to get to work, just like Thom.
If you think the Democrats and President Biden are not moving much of his agenda along, you are not LISTENING TO BERNIE.
Completely ignored by the media corporations is the role of Wall Street in greatly increasing oil prices. In the past the oil futures market participants were the major consumers like the airlines, and the major producers, the oil companies. Wall Street vulture capitalists realized that they could rake in billions in profits by getting joining in and speculating. When oil goes from $15 a barrel to more than $100 with a matter of days, it is the speculators that are driving prices up.
It has little or nothing to do with the actual supply and the actual demand. Consider that the U.S. only gets 3% of its oil from Russia and our government was happy under Trump to shut off oil from Iran and from Venezuela. This greatly increased the profits of Exxon and Chevron and the other oil companies. A portion of these excess profits go as kickback in the form of campaign contributions and other gifts to members of Congress and the U.S. Supreme Court which is why nothing is ever done.
While I certainly do not blame skyrocketing gasoline prices on Biden alone, me thinks thou doth protest too much regarding Trump's impact. Trump and Putin cannot be responsible for all the ills in our country Thom, just as Republicans were blaming Clinton and Obama years after their tenure for things they were not responsible for. This is largely more echo chamber cover for Democrats and if the diagnosis isn't right the treatment won't be either, although of course the point that we are too dependent on authoritarian leaders for our oil is irrefutable.
First, nobody "produces" oil. They extract oil, it was produced millions of years ago and concentrated by time and geology. Take a look at oil extraction in the top ten oil selling companies, including the KSA. You will not find evidence that supports the claims of this article.
Having said that, the KSA almost certainly agreed to what TrumPutin demanded. They descend from nomads who lived in one of the harshest places on earth. They aren't stupid people. I have worked with many Saudis, and if you find them easy to out negotiate, count your change. These folks have been politically maneuvering for millennia.
I can't post charts here, but go pull up https://inflationdata.com/articles/inflation-adjusted-prices/historical-oil-prices-chart/ and you will see that oil price is volatile over the short term but remarkably constant over the long term.
This article is way off. The KSA doesn't control gasoline or oil prices. They can't. If they could, they wouldn't waste money buying people like TrumPutin.
I suggest you read "Twilight in the Desert" by Matt Simmons. To quote one fact from Matt's excellent book, every oilfield conference on enhanced oil recovery (EOC) since 1972 has been headlined by EOC experts from the KSA. If their oil was so easily gotten, they wouldn't know how to spell EOC. The fact is, their main oil field has been declining for 50 years. The last time I checked, which was maybe 10 years ago, the KSA were injecting 7 million BBLS a day of sea water into Ghawar, from thousands of former extraction wells, driving the remaining oil to a drastically reduced number of extraction wells.
It's not running dry, and the KSA have other reservoirs, but it's no longer 1930.