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
Feeding The Warfare State
Take Action Now We Lose, the Weapons Makers WinBy William D. Hartung, Tom Dispatch The Senate is on the verge of passing the distinctly misnamed…
The Rage Of Billionaires And The Frenzy To Stop Zohran Mamdani From Becoming New York’s Mayor
Take Action Now The constellation of forces now regrouping with a vengeance includes titans of Wall Street, enormous real estate interests,…
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…