The Morning Rant: Oil...It Does A Body Good!

The world runs on oil, and no amount of wishcasting or unicorn-fueled nonsense will change that until we and others build many hundreds of nuclear power plants, completely revamp the electricity transmission systems, and make a titanic shift away from natural-gas and propane-powered homes and industry.

Can we do it? Sure! It will take 50 years, a huge shift in attitudes among our elites ( NO NUKES!), and it will cost a lot of money. Is it a smart thing to do? No. Allowing organic changes to occur as energy costs shift based on economic pressure is the only way to do it correctly. Government mandates guarantee huge and unnecessary costs, and pesky things like country-wide blackouts! Just look at what happened to Spain and Portugal recently and ask yourself if going 100% renewable is a good idea.

And that shift won't apply to much of our transportation infrastructure, because absent a revolution in battery technology, the internal combustion engine will reign supreme until the entire world runs out of oil, and that won't be for a very long time.

Love it or hate it...oil is deeply embedded in the world economy, and shifts in its price can have profound effects. Almost literally everything depends on oil, and as the price of oil is driven down, thanks in part to President Trump's relaxation of the insane limits on domestic oil production that the senile old fool Joe Biden enacted, prices of most things will ease. Oil is a building block of most consumer goods, obviously runs our transportation systems, and powers our lives through automobiles, heating, and cooling. So when the price of oil drops, so does the cost of inputs of most of our economy.

OPEC+ to further speed up oil output hikes, four sources say

OPEC+, which includes the Organization of the Petroleum Exporting Countries and allies such as Russia, agreed another big output hike for June on Saturday, taking the total it plans to release in April, May and June to nearly 1 million bpd.

President Trump's efforts to decrease the price of oil will ripple throughout the economy, the geopolitical situation (don't forget Iran!), and will very probably limit any coming recession to a mild one.

Oh... it will also force more rational pricing for alternative energy, which was receiving massive subsidies, but is no longer the masturbatory fantasy of the government. So America will see more realistic pricing for pie-in-the-sky stuff like solar panels and wind farms and carbon credits and carbon sequestration (that stuff is nuts!) and all of the other wealth-shifting nonsense coming out of the progressive cabal trying to destroy Western culture.

It must make the left absolutely livid that in just a few months, President Trump's administration is beginning to dismantle their carefully constructed edifice of energy nonsense. Hopefully they will continue their obstructionist ways and the American people will continue to cast them from the halls of power. $2 gasoline is a lovely thing, and Americans will understand who is responsible for that!

On the other hand, popcorn futures might skyrocket, but that's a price I am willing to pay!

[Crossposted at CutJibNewsletter and X/Twitter] And the Apple and Spotify feeds for CJN's podcast should be working!

posted by CBD at 11:00 AM

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