It has occurred to me that the strongest force in the

[cachukis]

inflationary influence is the fossil fuel industry.

Read a story today about an ExxonMobil gas retailer in Amherst, Massachusetts who decided that two .20 price increases in a week's time dictated by the parent, proved to him that they were profiteering.

My sense is that the oil companies are playing this out as far as it can go because they know a rising tide is coming.

Their business model is destroying the planet, yet they can't stop because that will destroy business as we know it.

They recognize the sanctions on Russia are basically sanctions on them.

MBS is working to take Saudi Arabia away from oil and his LIV project is shaking up golf.

The industry will face incredible challenges regarding cleanup and capping methane for example.

They have responsibilities to shareholders, and want to maintain their lifestyles.

We keep buying their gas, bitching unwittingly that our displeasure is only a bile that blame can salve.

[House of Roberts]

1. I don't think the LIV project is sustainable

if the reports are true about the appearance money being paid to Dustin Johnson, Mickelson, and others. It might not all be up-front money, but it has to be a pretty big initial outlay to get them on-board with the PGA banning them.

I'm pretty sure the corporate structure of the oil industry will leave shell companies holding the bag for expensive cleanups, which will fall on the taxpayers at some point.

[Frasier Balzov]

2. Depletion will have the last laugh on Big Oil.

They will need to transition to something else as petroleum becomes more impractical and disdained.

[Ferrets are Cool]

10. The LIV tour is nothing more than a Sports Wash.

Saudi has spent more than 1.5b on "sportswashing".

[ymetca]

3. There has never been an industry like it

with as much influence and control over the whole planet. Big Oil is unprecedented in that respect. A first for humanity, in weaving the entirety of human civilization together.

I remember reading a pamphlet put out by Conoco, long ago in the mid-seventies, talking about all the amazing products that come from petrochemicals, and the startling words that one day we'll understand that oil is just too valuable to burn. Imagine that!

Probably only fusion power has the potential to uproot the system, ultimately. We'll still be using oil, and a lot of it. Just not burning it up into the atmosphere.

Now, if we can just get from here to there without asphyxiating ourselves, wouldn't that be nice?

[cachukis]

5. Money is the matter.

There is so much of it tied to oil that only an alternative that will make money work as well will be a solution. It's a cash flow problem that is structured around energy consumption. That is not going away.

The world needs cheap energy.

Not happy about it, but it will be nuclear.

[KY_EnviroGuy]

6. The fossil fuel industry also strives to demean any administration ran by Democrats.....

and it would not be a shock to discover they are conspiring to do that as a power-mad cabal.

Other market sectors such as big media and big real estate seem to be playing the 'damage Biden' game as well.

As the old saying goes, "they've by the short hairs."


KY.....

[lastlib]

8. They HAVE to damage Biden....

...and any Democrat who plays the climate change/clean renewables card. That threatens big energy's profit models, and they can't tolerate it.

[werdna]

7. Please remember -

- absolutely every material object in this country, from food to roof shingles to medical supplies etc. ad infinitum is transported by multiple vehicles all of which burn diesel fuel. According to the U.S. Energy Information Administration:

On-highway diesel fuel prices have been higher than regular-grade gasoline prices, on a dollar-per-gallon basis, almost continuously since September 2004. This trend is a break from the previous historical pattern of diesel fuel prices usually being lower than gasoline prices...

Since 2019, pre-pandemic, diesel fuel has risen from $3.27 per gallon to almost $6.00 at present. The sharpest rise began in 11/20 when Joe Biden was elected POTUS, from $2.83 per gallon to present cost. Every step along the supply chain raises their price each time fuel prices rise, with little to no corresponding reduction when fuel prices decrease. The current escalation in fuel prices and the incredible inflation, are resulting from corporate policy based in greed and political motives, not economic policy from the Biden administration.

[cachukis]

9. Oligarchs are oligarchs because they are oligarchs.

Murdoch is not giving up his lifeblood.

These people think their money will outlast themselves.

I met a woman who had recently been to Kenya after the 2008 real estate crash. Recession was rampant. She saw the strife, but was most struck by what her credit card could buy. She knew then, that the rich will have access to the last of the food.

They will not give that up without a fight.