BookMark
The idea is anti-globalist so of course they are against it.
Literally speaking, they are correct of course. For the low info voter, we should probably revise the terminology. We need to produce and refine 100%+ of the volume of energy making materials that we consume.
This is not to say we should not continue to import and export per free market capitalism ideals. This is the only way we can affect the world market. And speculators, whether we like it or not, drive the price of crude. The alternative is for our government to enact laws that control the sale, distribution and cost of energy producing materials. WE DON'T WANT THAT anymore than we already have it.
When America can bring our full resources to bear to saturate the world market, and we are a net export nation, the added supply will force OPEC to compete for business. They will either have to continually reduce their output to fix the supply and let American companies have more of the market share. Or they will have to ramp up production to keep their net cash flow consistent with the lower prices. Their additional output along with ours will create a self feeding cycle of supply, which should drive down speculator costs.
We should be careful here, however. If the cost of a barrel of oil drops to dramatically too soon, the motivation for private industry to produce more will fall as profit margin potential goes lower.
Ideally, we would relax all regulation on exploration, extraction, refinement and new refinery production and distribution for 10 years. Let our people push out capabilities hard. Nuclear, Oil, Coal, natural gas.... This would drive down the cost of energy for America and the entire world. Lower energy prices frees up private capital. And so the snowball begins....
But alas, with the current administration and political discourse in this nation, this is but a fantasy.
I read this article with disbelief. The guy must be trying to get a job in the current Administration.
America’s energy independence will crush the Islamists. Without petrodollars, the Middle East will go back to being a Shiite-hole.
Think about it.
If the US becomes energy independent, what will happen to the world oil price?
It will fall to historic lows, adjusted for inflation.
Would the president of EXXON be expected to be happy at the sight of $10 oil?
Almost everyone of the big boys in our economy have been corrupted to believe that it is more profitable to game the system than it is to fight it.
So EXXON and its competition have learned how to profit from the government’s present mismanagement of their industry.
Every now and then you see where they are getting huge grants for windmill and solar farms. One example of how they game the system.
It might allow people to compete with them. Can’t have that.
I is doing JUST FINE, thank you.
SCREW the rest of youse.....................
Buffet is a corporate raider and in reality a lousy businessman. So I will say to him, paraphrasing the words of a president he admires. "You didn't build that, someone else did."
BUFFET built nothing, just gutted companies for his own profit at the expense of these companies and customers they serve and served.
Creeps like Munger are not businessmen in the traditional sense. They don’t believe in free markets or free enterprise. They are Globalists who are social engineers and managers. The Corporate Boards they sit on are avenues of social control. They are not like great men like Henry Ford or James J. Hill who built up the country. They are the modern day equivalent of the British East India Company.
Okay so...
We don’t need manufacturing...
We don’t need hi tech jobs, because H1-Bs are better...
We don’t need call centers on U. S. soil.
We don’t need any U. S. citizens to to trades associated with home building.
We don’t need any U. S. kids to mop floors and do dishes for entry jobs.
We don’t need any U. S. kids to work in fast food restaurants up front.
Now we don’t need any energy production jobs.
WTF do we need then Mr. Berkshire Hathaway (BRK-B) Vice-Chairman Charlie Munger?
I’d love to drop kick some of you guys to Planet 9.