Loading ...In my view big business Globalization has been and has caused, a big need and waste of Oil. Starting in 1971. That’s why back then they wanted and made the little people buy and use economy gas saver cars.
The big boys are more important, need oil for airlines, ocean and road shipping of their imports etc. They didn’t want the little people wasting oil too. They stupidly thought the lower dollar higher oil price after ’71 was from too much demand consumption and it would out strip production and cause a big disaster. Like the Climate Change agenda. Widely held opinions are generally wrong.
Globalization is getting old, tired and ramifications getting found out since 2008 and imo is clearly slowly backing up in reverse gear. Note they feel the need for a global tax on those globe trotting buffoon corporations, that don’t care about any particular country. Just care about themselves.
They caused lower profits, lower wages, lower living standards, and lower adjusted tax receipts in the USA, and a $20 some trillion national debt. All that has to reverse or the US Gov’t will just have to give people more free money. $100 bills in with the circulars.
Oil is in everything, and we have too much, because of past stupidity and manipulation, if Oil prices start crashing, it would be very deflationary. A hard thing to deal with.
Watch for the new news. Their Media start talking about the dangerous small imports that kill too many people and encouraging people to buy bigger safer gas guzzling V/8 cars and SUVs. LOL
Shouldn’t Yup, be Yop instead? And look at “substantial”. Sub means below. What the hell is below “stantial”? We’ve got submarine, subprime, subpar etc