Part of the COVID-19 fallout was the sharp drop off in diesel fuel refining capacity worldwide. More than 2 million barrels per day dropped offline since 2020. This is just part of the reason why diesel is so expensive.
But it’s been a concerted policy objective of Davos and their agents in the Democratic Party to keep new oil refining capacity verboten for decades. The last new oil refinery built in the US was in 1976.
That’s about to change. The link above is giving you an idea of what’s coming. Not only is this $5.6 billion facility in the works in Texas but Exxon-Mobil just announced a $2 billion expansion to its Beaumont facility to add back 250,000 barrels per day of diesel production to the US.
I bring this up because with the news that refining crack spreads have blown out to the upside and oil companies are recording excellent profits this quarter in this inflationary environment, the propaganda campaign from the AOC’s and Elizabeth Warrens will intensify greatly.
Davos is losing the information war on oil and gas worldwide because people like to eat and be warm in the winter.
All they can do now is gum up the works further, which is now their openly stated goal, by forcing up the costs of production and driving margins down. This is always the plan. Sanctions policy at every level are aimed at forcing more roadblocks to efficiently moving vital goods to where they are demanded and creating tollbooths for them to skim the cream off the top.
That is the money they have been bribing the middle men, like the banks, with for decades — carbon credit trading, electricity futures, etc. There’s a lot of money (bribes) in facilitating these unnecessary intermediate trades.
That jig is up, for the most part, in the US. In Europe, they are moving fast forward into this regulatory/tollbooth nightmare. In the US it will come crashing down thanks to State’s Rights and one of the good effects the libertarians have had in educating a couple of generations of the smartest (and now well-positioned) Americans.
We can see what these schemes are for what they are and will no longer cotton them, especially since now, the costs to the real economy for expanding them or just maintaining what they currently have is truly unsustainable.
And that means they will no longer be able to count on their pet morons in D.C. to keep up the ‘Climate Change’ momentum and activate their local NIMBY groups to hold signs in front of local media cameras.
That shit’s not flying in this inflationary environment. What we’ll see is a whole lotta new projects like refineries, pipelines, chip factories and manufacturing plants get fast-tracked through the permitting process and the Soy Boys/Karens in enclaves like Gainesville and Portland will just have to simper and bitch about it.
Good. These people all suck anyway and are the ones who are the most compromised, ethically and morally.
This means, Davos will resort to regulatory brute force to simply gum up the works — buy off local politicians and permit clerks, judges and the like. They will count on the 3rd class bureaucrats to delay paperwork, find excuses, and/or demand more ‘impact studies’ to stop this from happening.
That’s what ESG is folks. It’s all it ever was.
The ECB came out last week and openly said it would subsidize ESG corporate bonds through QE. The rough translation of this is “We know Blackrock is in trouble and the Fed won’t help. So we’ll bail out our pet.”
That’s what’s going to happen here. And the result for the ECB and the EU will be catastrophic. They believe, since they are a media-insulated Politburo, that they are immunized from political backlash. But they aren’t.
The guys in New York with the blue-pinstriped suits and the white collars can see the news coming out of places like Nigeria where one of the largest oil refineries in the world is about to be completed. The days of controlling African governments with colonial money and viceroys is ending. These countries are going to grow up quick and with a labor force not compromised by complications from the mRNA vaccines either.
Nigeria will no longer just be an oil exporter who has to send their oil to Europe to be refined and then sent back to them at a loss. They will produce end products themselves and the wealth will stay there.
This is what Jamie Dimon meant when he said that oil will be with us for another 50 years.
And it’s why now all the car companies that went all-in, like Blackrock, on the Great Reset to build nothing but EV’s for the future are now all in serious trouble.
Ford is a mess. They divested 90% of their stake in Rivian. The F-150 Lightning is dogshit as a truck. As a trophy it’s great. If not for the Maverick and the Bronco (soon to be way too expensive for most people) Ford’s numbers would be awful.
GM will be too if they keep up with this Davos bullshit. Stellantis better get the new Ram Dakota right and come up with some cheaper cars people want to buy quick.
The years of premium trims and long financing times near 0% are about over. They will be within a year. It will be a different market in 3 years, but it won’t be that much more electric if I’m right about where Wall St. knows the money needs to be spent.
My thinking on these issues began to change a while ago but it was watching this dumb video on YouTube that really got my attention.
“Toyota Just Saved the Internal Combustion Engine… Again, with the NEW PRIUS”
If you think I’m nuts, watch the video. He makes the very strong argument that Toyota refusing to go full EV with the original ‘Virtue Signaling” Car is a big sign post that what we’ve been sold about the future of cars is completely false.
Keeping the Prius a normal hybrid for the 6th generation while upping both the mileage, the battery life and the overall power, 196 HP combined (0-60 in 6.6 secs is nearly Ecoboost Mustang fast, FYI) Toyota has now positioned the Prius to be a car even Jeremy Clarkson can love.
This is not quite an enthusiast’s car, but it is a far cry from the appliance-for-snooty-shitlibs it was 15 years ago. It’s a signpost of a much brighter future.
Toyota, of all car companies, gets this. They are the industry standard. It may be why there’s a change happening at the top of the company. I don’t know if this was yet another Davos hit job or if it’s a sign that, like the new Prius, there’s a new sheriff in town.
It may be time to take a step backwards and build a stripped down model without all the bells and whistles.
Keep the safety features but take out the other electronics.
My first car could be worked on in the driveway by myself. Add in the safety features of today. It got close to 40 mpg on the highway.
Ha! My first car was a 1966 Ford Falcon Futura Sports Coupe with a 200 c.u. 6-cyl engine and automatic transmission. I purchased it in 1973 from a Ford dealership for only $550!
With a lot of open space within the engine compartment, it was easy for me to work on it. The floor below the drivers seat soon rusted out, so I had a steel plate welded over the opening for only $50.
My first tank of gas (16+ gallons) cost me a little less than $5. I maintained it and kept it running for another 6+ years, before selling it to my kid sister.
Where did it glow, that yester-glo, when we could feel the wheel of life turn our way. Yester-Me, Yester-You, Yesterday – Stevie Wonder (1969)
Part of the COVID-19 fallout was the sharp drop off in diesel fuel refining capacity worldwide. More than 2 million barrels per day dropped offline since 2020. This is just part of the reason why diesel is so expensive.
But it’s been a concerted policy objective of Davos and their agents in the Democratic Party to keep new oil refining capacity verboten for decades. The last new oil refinery built in the US was in 1976.
Yes, the bicentennial.
https://www.pulse.ng/business/international/5-interesting-facts-about-dangotes-new-oil-refinery/b1s017t
That’s about to change. The link above is giving you an idea of what’s coming. Not only is this $5.6 billion facility in the works in Texas but Exxon-Mobil just announced a $2 billion expansion to its Beaumont facility to add back 250,000 barrels per day of diesel production to the US.
I bring this up because with the news that refining crack spreads have blown out to the upside and oil companies are recording excellent profits this quarter in this inflationary environment, the propaganda campaign from the AOC’s and Elizabeth Warrens will intensify greatly.
Davos is losing the information war on oil and gas worldwide because people like to eat and be warm in the winter.
All they can do now is gum up the works further, which is now their openly stated goal, by forcing up the costs of production and driving margins down. This is always the plan. Sanctions policy at every level are aimed at forcing more roadblocks to efficiently moving vital goods to where they are demanded and creating tollbooths for them to skim the cream off the top.
That is the money they have been bribing the middle men, like the banks, with for decades — carbon credit trading, electricity futures, etc. There’s a lot of money (bribes) in facilitating these unnecessary intermediate trades.
That jig is up, for the most part, in the US. In Europe, they are moving fast forward into this regulatory/tollbooth nightmare. In the US it will come crashing down thanks to State’s Rights and one of the good effects the libertarians have had in educating a couple of generations of the smartest (and now well-positioned) Americans.
We can see what these schemes are for what they are and will no longer cotton them, especially since now, the costs to the real economy for expanding them or just maintaining what they currently have is truly unsustainable.
And that means they will no longer be able to count on their pet morons in D.C. to keep up the ‘Climate Change’ momentum and activate their local NIMBY groups to hold signs in front of local media cameras.
That shit’s not flying in this inflationary environment. What we’ll see is a whole lotta new projects like refineries, pipelines, chip factories and manufacturing plants get fast-tracked through the permitting process and the Soy Boys/Karens in enclaves like Gainesville and Portland will just have to simper and bitch about it.
Good. These people all suck anyway and are the ones who are the most compromised, ethically and morally.
This means, Davos will resort to regulatory brute force to simply gum up the works — buy off local politicians and permit clerks, judges and the like. They will count on the 3rd class bureaucrats to delay paperwork, find excuses, and/or demand more ‘impact studies’ to stop this from happening.
That’s what ESG is folks. It’s all it ever was.
The ECB came out last week and openly said it would subsidize ESG corporate bonds through QE. The rough translation of this is “We know Blackrock is in trouble and the Fed won’t help. So we’ll bail out our pet.”
That’s what’s going to happen here. And the result for the ECB and the EU will be catastrophic. They believe, since they are a media-insulated Politburo, that they are immunized from political backlash. But they aren’t.
The guys in New York with the blue-pinstriped suits and the white collars can see the news coming out of places like Nigeria where one of the largest oil refineries in the world is about to be completed. The days of controlling African governments with colonial money and viceroys is ending. These countries are going to grow up quick and with a labor force not compromised by complications from the mRNA vaccines either.
Nigeria will no longer just be an oil exporter who has to send their oil to Europe to be refined and then sent back to them at a loss. They will produce end products themselves and the wealth will stay there.
This is what Jamie Dimon meant when he said that oil will be with us for another 50 years.
And it’s why now all the car companies that went all-in, like Blackrock, on the Great Reset to build nothing but EV’s for the future are now all in serious trouble.
Ford is a mess. They divested 90% of their stake in Rivian. The F-150 Lightning is dogshit as a truck. As a trophy it’s great. If not for the Maverick and the Bronco (soon to be way too expensive for most people) Ford’s numbers would be awful.
GM will be too if they keep up with this Davos bullshit. Stellantis better get the new Ram Dakota right and come up with some cheaper cars people want to buy quick.
The years of premium trims and long financing times near 0% are about over. They will be within a year. It will be a different market in 3 years, but it won’t be that much more electric if I’m right about where Wall St. knows the money needs to be spent.
My thinking on these issues began to change a while ago but it was watching this dumb video on YouTube that really got my attention.
“Toyota Just Saved the Internal Combustion Engine… Again, with the NEW PRIUS”
If you think I’m nuts, watch the video. He makes the very strong argument that Toyota refusing to go full EV with the original ‘Virtue Signaling” Car is a big sign post that what we’ve been sold about the future of cars is completely false.
Keeping the Prius a normal hybrid for the 6th generation while upping both the mileage, the battery life and the overall power, 196 HP combined (0-60 in 6.6 secs is nearly Ecoboost Mustang fast, FYI) Toyota has now positioned the Prius to be a car even Jeremy Clarkson can love.
This is not quite an enthusiast’s car, but it is a far cry from the appliance-for-snooty-shitlibs it was 15 years ago. It’s a signpost of a much brighter future.
Toyota, of all car companies, gets this. They are the industry standard. It may be why there’s a change happening at the top of the company. I don’t know if this was yet another Davos hit job or if it’s a sign that, like the new Prius, there’s a new sheriff in town.
Yes, the internal combustion engine is not going away anytime soon.
Also, some hybrid gas/electric motor vehicles, especially Toyota models, are worthy of consideration.
In general, the Toyota hybrids have proven to be extremely reliable with exceptionally low maintenance costs.
See this article here: https://www.torquenews.com/1083/its-whats-missing-matters-why-toyota-hybrids-are-so-much-more-reliable-other-brands-vehicles
It may be time to take a step backwards and build a stripped down model without all the bells and whistles.
Keep the safety features but take out the other electronics.
My first car could be worked on in the driveway by myself. Add in the safety features of today. It got close to 40 mpg on the highway.
Totally agree, the mechanics have us by the balls, my old 69 Falcon got 45 mpg with 3 in the tree. Where is the enjoyment today with paddle shifting…
Ha! My first car was a 1966 Ford Falcon Futura Sports Coupe with a 200 c.u. 6-cyl engine and automatic transmission. I purchased it in 1973 from a Ford dealership for only $550!
With a lot of open space within the engine compartment, it was easy for me to work on it. The floor below the drivers seat soon rusted out, so I had a steel plate welded over the opening for only $50.
My first tank of gas (16+ gallons) cost me a little less than $5. I maintained it and kept it running for another 6+ years, before selling it to my kid sister.
Where did it glow, that yester-glo, when we could feel the wheel of life turn our way. Yester-Me, Yester-You, Yesterday – Stevie Wonder (1969)
Correction – Wording in my last sentence should be: Where did it go, that yester-glow….
Link: https://youtu.be/Ngu2oSeLPKg
I say bring back the rumble seat !