Re: Various CL Pickings

Posted by Tim Cole On 2022/6/11 23:04:58

19th century refining methods are not a fair comparison. Suppose you told those 19th century refiners they couldn't throw gasoline into the river and had to develop a non-polluting way to get rid of it. How much money would they be making then?

Sure prices are going up. The central bankers have been handing free money to the rich for a decades and that has destroyed currencies. When the swindlers on Wall Street get into trouble the central bankers step in and buy up all the junk by running the printing presses. They tell us they can't allow the rich to lose any money. If joe blow manipulated the securities market the same way he would be thrown into jail.

Besides that we have past peak oil. Known reserves are declining and I suspect some of this electric stuff is simple misdirection. What has been going on all these years is an assessment spiral. People buy gas guzzling planet killers that require bigger refining capacity. More sales of oil products means more profit, so let's build even bigger planet killers, and make even more money. Park your Packard limousine next to a modern pickup and it looks small. We had Edsel Ford's personal Bermuda wagon in the place and it looked tiny. And that's when they were calling cars like that bloated.

Things will get ugly and a lot of bubbles are going to burst.