Gas Prices Soar As Wall Street Guzzles Marx’s Kook-Aid

So, you think the jump from $2-a-gallon gas on election day to $3.25 at the pump now a joke? Maybe keep laughing as the WSJ reports “Oil Hits Pandemic High Amid Green-Energy Bets…meaning “investors are wagering Wall Street’s preference for green energy will depress spending on oil extraction, setting the stage for supply shortages & higher fuel prices [still].”

Maybe laugh & cry at the same time. What appears to be happening to the skyrocketing gas prices (with no end in sight) is the result of a weird conjoining of President Biden’s “progressive” aka socialistic Green New Deal policy with the captive capitalists on Wall Street trying to make their usual financial killing. Consumers might get the queasy feeling this politics-meets-economics reality would be playing out, even if Trotsky himself, not Biden, were calling the shots in Washington.

Of course, even President Trump insisted he’d be in favor of the nation’s shifting to renewables over time and as technology caught up with hopes. Yet, Wall Street greed as forewarned by Karl Marx apparently waits for no one…

Davd Soul