cachukis
cachukis's JournalIt has occurred to me that the strongest force in the
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.
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Member since: Thu Jul 26, 2007, 09:20 AMNumber of posts: 1,895
