Oil, Gas, and Inflation
Our political issues today are not just an American problem. A drastic conversion/transformation is taking place all over the world all at once. The direction is supplied by the inventor of globalism and the concept of one world government, Claus Schwab Director of the World Economic Forum. It’s a group of most of the world’s richest people and as many as 500 large international corporations all of whom meet annually to discuss their ideas on how they can best rule the world.
We’d like to think that a single US political party could succeed in converting our republic to a drastically different system of socialism or communism. However with the cooperation of multiple other countries, the WEF and a Chinese pandemic anything is frighteningly possible. The constitution, the bill of rights, the Supreme Court provide strong protections against a change as drastic as what’s happening as we speak, but will they endure through the battles to come or not. No one knows at this point, and the doubt exists due to the horribly ill-informed public. If a mass awakening occurs it will be because the people will suddenly realize they have had enough of the Democrat caused acts that make absolutely no sense to the man on the street. They are getting no detailed explanation from the mass media, but when the pain becomes too great to bear, they will awaken before it’s too late. The following events began the day after Biden’s inauguration with a big stack of executive orders:
The first one cancelled the license to build the XL pipeline which Canada was building to give them an easily accessible route the Gulf of Mexico. It was Biden’s first act of many whose intent is to Destroy America’s Oil and Gas Industry. The stated reasoning is to implement the leftist radical’s Green New Deal supposedly to preserve the environment. Ironically his first executive order was the most damaging to not only our future supply of energy but 11,000 jobs were sacrificed as a result of what was thought to be an extremelyi foolish act on the part of an already compromised president. He knows, and his handlers, know that energy is the driving force and enabler of a growing and thriving economy. To complicate matters, the administration has adopted a slow motion policy of stalling the approval of new drilling. At this time new wells are too risky and aren’t worth the expense without knowing the long term viability.
Welcome to instant inflation. Cutting oil production and causing a contrived shortage is designed to increase gasoline prices at the pump and encourage drivers to buy $60,000 electric cars. This is still a foreign concept to Americans, while the volume of cars is growing it is not having a dramatic impact on the vast total number of cars on the road. Accessibility to charging stations is a problem in addition to the halt to car charging in California due to an over stretched power grid late in the summer of 2022.
Oil supplies and the limited refining capacity started the inflationary trend but what got it boiling is the $4 Trillion dollars’ worth of spending legislation passed by the Democrat house and Senate. The American Rescue Plan, Infrastructure bill, the $1.5T 2022 budget, Chips and Science act and the ridiculously named Inflation Reduction Act all shot up the deficit and the national debt, and kept the ball rolling toward what could become a truly horrendous financial crisis. The energy issue and the enormous amount of government spending is the main causes of inflation. Too much money chasing too few goods guarantees inflation.
One might call it comical but to (appear) to reduce inflation Biden drained the Strategic Oil Storage facility which is only for to be used in an emergency. We are now vulnerable in case of weather problems and a possible war. As another laughable solution Biden issued a special authorization to Chevron to go back to a previously abandoned project in Venezuela to help them retrieve heavy oil and ship some to the US.
The other solution to fighting inflation is to raise interest rates to make it difficult to borrow and to slow down the industrial and consumer demand for goods and services. If the government’s objective is to make everybody poorer they are hitting on all cylinders. Inflation reduces buying power of money, rising interest rates increase the cost of money and if overdone, it’s a delicate balancing act but if a recession is the result a drastic reduction in the value of investments and real estate could be in the cards.