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Politics : Formerly About Advanced Micro Devices
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To: Wharf Rat who wrote (1411149)7/21/2023 5:33:48 PM
From: Doren2 Recommendations

Recommended By
pocotrader
Wharf Rat

   of 1579459
 
> Oil and natural gas have always been subsidized.

MORE even. The british fleet converted to oil from coal in 1911. Lawrence of Arabia got it 100% right.

The US has spent TRILLIONS making sure oil flowed including getting rid of Irans LEGALLY elected DEMOCRATIC government in 1953.

Whether or not that was a vital strategic use of our military and our subsidies of dictatorships, it was subsidizing the oil AND the US auto industry that made cars that got 5 mph.

The result was US car companies got fat and lazy and the Japanese took 50% of the market during the oil embargo.

You cannot fuck with the law of supply and demand. Which is also why the drug war has been a TOTAL and very EXPENSIVE failure all around for 90 years.
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