We Must Nationalize Big Oil
No. I’m not advocating that we nationalize Big Oil; I’m providing a refrain that has predictably begun its rounds in the mainstream media and on Capitol Hill. It’s a likely end-game for progressive democrats and boon for rival China. The game plan, as I laid it out in May 2021, is this:
Pump the use of scary words like Existential Threat.
Politicize scientific institutions
Squelch discussion (e.g. Koonin i.e. destroy institutionalized disconfirmation)
Force financial institutions into submission via ESG mobs
Use the government to restrict supply via Executive Orders
Create a deceptive metric to compare fuels (from the politicized universities now lacking institutionalized disconfirmation)
The manufactured supply crunch will send oil (and gas) prices soaring to record levels
Pump renewables as the cheaper option
Create a crisis that hurts the consumer (e.g. electricity rates, gasoline prices at the pump, inflation)
Use the crisis to nationalize oil fields to save the public from Big Oil
[for China] Control the united states by controlling the renewables supply chain and critical minerals
This week, The Hill ran a piece by William S. Becker titled Why we must nationalize Big Oil. After trying to understand who William S. Becker is, I found that he is a member of Mikhail Gorbachev’s International Climate Change Task Force (bio). That seems fitting.
While I feel I nailed the game plan as presented, there are a few steps to the game plan that escaped my vision. US Secretary of State Blinken, for example, concludes that high energy prices show the need for an energy transition. I did not anticipate such ignorance existed at the highest levels of our government. I also didn’t anticipate Biden groveling to Saudi Arabia to increase production. But here we are and the hits just keep coming for the virtue-signaling G7.
Germany has stepped up measures to increase coal production while Austria, only the second country in the EU to completely eliminate coal from its electricity grid, has announced its intentions to restart coal-fired production. Just this week the G7 met and amended its own history. Its pledge now reads,
“to end direct public support for the intentional unabated fossil fuel energy sector by the end of 2022” adding “except in limited circumstances.”
They issued this statement as well regarding oil prices and OPEC,
“We encourage producer countries to increase their production to decrease the tension in energy markets, and in this context welcome OPEC’s recent responses to tightening international markets. We call on them to continue action in this regard.”
In the battle between physics and platitudes, physics remains undefeated. Let’s not forget the game plan that benefits the East at the cost of the West. These things have become too easy to predict.