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Biden has clearly taken a hit for these high energy prices. Here's my sincere hope: that people start to realize this is nothing more than unjustifiable, opport
by jmyeet 5y ago
Biden has clearly taken a hit for these high energy prices. Here's my sincere hope: that people start to realize this is nothing more than unjustifiable, opportunistic greed by oil companies that would be no different in any other administration.
Just like with foreign policy, there's absolutely zero difference between the US political parties here. None.
The conversation we should have as a consequence of this is why are we giving away natural resources to allow private companies to make massive profits paying the government just a token for the privilege?
The US (and every other country) should have a model like Norway where they get the lion's share of the profits from resource extraction.
As an example of how far we are from this, look no further than the case of Steven Donziger. He is an American lawyer who helped Ecuador obtain a $9.5 billion judgement against Chevron for the massive pollution Chevron caused in Ecuador. As a result of this, Chevron found a friendly US judge to appoint a private oil law firm to criminally prosecute Donziger for fraud (in the US). He has been disabarred in New York for his "extravagant" pursuit of Chevron and charged with criminal contempt. Donziger had a bail set of $800,000 for a misdemeanour contempt charge and spent over two years in home detention.
I bring this up as a stark example of just how beholden the US government is to corporate interests.
- kmlx 5y ago> that people start to realize this is nothing more than unjustifiable, opportunistic greed by oil companies i assume no one was complaining when petrol was below 2015 levels during the 2020-2021 covid period. or when the US spent close to $10 trillion on covid. or when shell made a loss in 2020. sources: https://www.statista.com/statistics/262860/uk-brent-crude-oil-price-changes-since-1976/ https://www.statista.com/statistics/262860/uk-brent-crude-oi... https://www.statista.com/statistics/260287/shells-net-income/ https://www.statista.com/statistics/260287/shells-net-income... https://www.covidmoneytracker.org/ https://www.covidmoneytracker.org/
- 0des 5y ago> no different in any other administration disagreed.