Until they run into trouble, corporations love to tout, and practice, free market capitalism, preferably completely unregulated.
By Wim Laven, LA Progressive
I come from oil country, so does House Minority leader Kevin McCarthy. My hometown—Bakersfield, in Kern County CA—Kern County was once the top producer and has been a top three oil-producing county in the US as recently as 2014.
Both of us know he is lying when he blames: “These are President Biden’s prices.”
Petro Online, an oil industry news source, reports that on average it takes a month for oil to get pumped from the ground to complete the refining process (if it does not become part of reserves). I remember working on oil production equipment on September 11th when my boss said, “you better fill up before the prices go up.” They did.
On the House floor McCarthy says, “Democrats want to blame surging prices on Russia. But the truth is, their out-of-touch policies are why we are here in the first place.”
In reality, it’s simply laissez-faire piratical opportunism.
Recent Posts
It’s Not Just The Cities. Extreme Heat Is A Growing Threat To Rural America.
Take Action Now The urban heat island sits in a rural heat ocean.By Umair Irfan, Vox Summer has officially begun with a blast of scorching…
Mamdani’s Massive Victory Should Show Democrats Where The Party’s Future Lies
Take Action Now NYC mayoral candidate Zohran Mamdani has thrown the drowning Democratic Party a life vest. Will its leaders use it?By Sam…
India Walton’s Advice For Zohran Mamdani
Take Action Now “I think that for him, the race ’til November needs to be staying on message—we can’t start to water it down…
AIPAC Has Too Much Influence On Congress, Says Rep. Ro Khanna
Take Action Now The antiwar California House Democrat answers tough questions from Mehdi and a live DC audience about Trump’s attack on Iran.By…