this post was submitted on 08 Oct 2023
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It's really bad here. Not ONLY do we do this, but we also subsidize oil like it's going out of style. Oh wait. It is.
We just can't quit that abusive oily dick, though. In fact we keep waiting by the phone hoping they will call us back.
Meanwhile, inflation is ridiculous, people can't afford houses or groceries.
But if prices don't go up, the profits won't increase! Why doesn't anybody think of the poor shareholders, trying to barely eke out an income from their holdings?
You'd like to think that oil is going out of style. It's not. All of the focus is currently on the automotive sector.
I will first say that despite commitments and developments in the right direction from the industry, the commitment to gas and diesel extends a minimum of another decade. It's a combination of slow-walking changes and taking advantage of lack of replacements for current sectors of transportation, most notably being long-distance transportation.
And that's not to mention all of the other industries that use petroleum or derivatives thereof.
I wish I could agree that oil is going out of style, but it's not. There is ongoing work to offer alternatives, but oil is going to ride strong until the end. Then it'll be someone else's problem. Just like everything else.