During his campaign, the current pretender to the office of President promised to completely eliminate fossil fuel use in the US. Acting on the thoroughly debunked theory that CO2 from fossil fuel use was causing the climate to change in catastrophic ways, this pretender to the office has issued several Executive Orders that have taken large steps toward fulfilling his promise.
While the US has been shuttering refineries, China has invested in them. In fact, for most of 2020, China’s refineries processed more crude than U.S. refineries. In April 2020, more crude oil was being refined in China’s refineries than in U.S. refineries for the first time on record, and the trend continued for all remaining months in 2020 except for July and August.
Whether you believe these investment policies would significantly affect climate change or the climate change narrative given by mainstream media is another story. Regardless of any genuine Oil supply-demand issues or even geopolitical concerns, Oil is set to go significantly higher in the next year or two ahead.
And, sadly, as in farming, the energy bureaucrats have regulators and bureaucrats who don’t know the difference between a barrel of oil and a barrel of buckwheat batter. It is as if Bonnie and Clyde were noted as insightful and thorough bank examiners. B &C didn’t help the banks. They helped themselves to the banks. And they sure as hell didn’t care how many lives were ruptured or lost.
The demented, criminal president and his “artful” corrupt son who having bribed foreign governments and their gas companies for cold hard cash, now blame not only the Russians but the American Oil Companies for high prices. A 50-year bureaucrat who has never done anything but live off of the government payroll, a lying, pitifully unhinged man and his son and their climate control experts rule the once Jeffersonian republic.