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TPB is buying a Tesla!
and all of a sudden $5 gasoline moves you 100+ miles at 25 miles per hour.
We take this cheap energy and squander it.
SunnyvaleCA saysGood point. The gas engine will go for hours at a time whereas most humans couldn't maintain 25 MPH on a bicycle for even 20 minutes.and all of a sudden $5 gasoline moves you 100+ miles at 25 miles per hour.
... for 4 fucking hours...
SunnyvaleCA saysWe take this cheap energy and squander it.
The Value of Oil comes out of the other end, not in the front end.
Nope not on it!
Oil has no business over $30 a barrel and history keeps proving it again and again, every time they artificially inflate it.
Bush made the industry and the foolish 401K armchair warrior day traders think they are entitled to $150 a barrel Oil and States got thirsty for $5.00 a gallon gas.
Bush drove up consumer prices with his politicized Oil commodities, and they claimed it was to offset the costs of energy. But the price of consumer goods has never gone down since then to commiserate with the cost of energy going down.
I hope Exxon goes belly up, and everyone betting our energy future is sent to the poor house, like the idiots that fueled the housing bubble.
https://www.breitbart.com/news/exxon-lost-1b-in-second-quarter-as-oil-use-dries-up/
Two American oil giants lost more than $9 billion in the second quarter as the pandemic kept households on lockdown and the need for oil diminished around the world
Oil giants lost billions as pandemic crushed demand for fuelBy CATHY BUSSEWITZAP Business WriterThe Associated PressNEW YORK