When I heard this week that the U.S. has been in a recession since December 2007, my immediate thought was: how was Exxon reporting record profits during this entire period?
The answer is that the crude oil industry, from top to bottom, is created by pure evil. Evil people pump it out of the ground and conspire with their cohorts to finance terrorist groups while trying to inflate the price of oil as much as possible.
Refinery companies piddle and twiddle over opening new refineries, while closing others to increase demand and decrease supply. It is cheaper for them to run fewer refineries, and cheaper still to close them. Meanwhile, less refined oil means less gas which drives up the price.
The government continues to provide huge (can we say hundreds of billions) tax credits to oil companies. While demanding out one side of their mouth that oil companies need to expand production and dig new wells, they say out the other side of their mouths that oil is evil, and that new refineries, new well, new anything is bad and they lock up viable land that has huge oil reserves beneath it.
Anyway, this all points to one easy solution: no more oil. Someone needs to stand up, be a man, and stop all oil use in the transportation industry. If we all drove electric cars, all of the above would be moot points.
Why aren't we driving electric cars? Because the oil producers over-supplied to keep the price artificially low and expand their market. Because the refiners used to produce so much oil that we thought it would last forever. Because the government was easily bought by the people who whispered in their ear and put money in their pocket. Because the car companies didn't have any foresight. Which leads me to my next rant.
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Donnerstag, 4. Dezember 2008
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