Category End of Fossil Fuel

May 24 2022

The Biden Administration Deliberately Destroyed Our Capacity to Produce Energy


Armstrong Economics Blog/Energy Re-Posted May 24, 2022 by Martin Armstrong

Everyone who voted for Biden will continue to see their future utterly destroyed. The climate change people are deliberately destroying the capacity to produce energy without any alternative in place. The word from DC is that they “do not give a sh-t” about the people. They want to destroy our ability to produce fossil fuels before they are thrown out of office if that is even possible.

Alaskan Senator Sullivan explains that the Biden Administration is DELIBERATELY creating an energy crisis and then wants to blame oil companies and Putin. Senator Sullivan explains what Biden has done in just the last three weeks.

Then at the same time, they want farmers to grow only green crops and terminate beef production. The Neocons want to wage war against Russian and China. And nobody stands up and asks – “WHAT THE HELL IS GOING ON?”

May 24 2022

Who’s to Blame for Rising Gas Prices?


Armstrong Economics Blog/Politics Re-Posted May 24, 2022 by Martin Armstrong

Back in 2007, Nancy Pelosi was quick to blame the Bush Administration for rising gas prices. In 2018, Pelosi tweeted, “The price of regular unleaded gas has climbed 20% over the last year (thanks to Republican policies), eating away at working families’ paychecks – but according to @GOPLeader, you’re #BetterOffNow.” The national average for gas was under $3 at the time.

Now that gas prices have reached all-time highs, Pelosi and the Democrats no longer believe that the White House is responsible. “Gas prices will roughly cancel out the 2018 consumption boost from the tax cuts,” Schumer said at an Exxon gas station on Capitol Hill. “That’s right, whatever meager benefit working families may have seen from Trump’s tax scam for the rich has been wiped out by the gas prices that President Trump is responsible for.”

No one ever blamed Obama for rising energy prices after he did everything to end domestic production. Biden canceled the Keystone XL project as soon as he took office and reversed all the Trump-era policies to make America energy independent. However, the other side refuses to blame Biden or their current policies as gas continues to rise. Instead, they are blaming the president of a different country and have made no meaningful progress in curbing energy inflation. If they cannot admit the cause of the problem, they cannot concoct a viable solution.

May 24 2022

Biden Admits U.S. Gas Prices Driven by Incredible Transition Away from Fossil Fuels


Posted originally on the conservative tree house on May 23, 2022 | sundance

During a joint press conference held in Tokyo, Japan, held by Joe Biden and Prime Minister Fumio Kishida, Biden was asked about the financial pain Americans are feeling with massive increases in gasoline prices.

Outlining how his energy policy is directly related to the gasoline price, Joe Biden said: “Here’s the situation. And when it comes to the gas prices, we’re going through an incredible transition that is taking place that, God willing, when it’s over, we’ll be stronger and the world will be stronger and less reliant on fossil fuels when this is over.” Yet again proving the intent of the administration is to implement the ‘Green New Deal’ through executive action.  WATCH:

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This admission is akin to former President Obama saying, “energy prices would necessarily skyrocket” in order to achieve the goals of the administration.

May 23 2022

Securing the Border


Armstrong Economics Blog/Migration Re-Posted May 23, 2022 by Martin Armstrong

Former President Trump requested $5 billion to build the US-Mexico border wall. The amount shocked many who claimed it would be damaging to the economy and a waste of resources. However, a few short years later, the US agreed, with bipartisan support, to send 8X that amount to secure the Ukrainian border and protect them from Russian invasion.

Former President Trump and his advisors believed that illegal immigration cost the US over $200 billion per year. Many disagreed, yet some of the lowest estimates, such as one put forward by the Heritage Foundation, claimed that the US loses $54 billion annually due to the unsecured border. The exact cost is hard to estimate as it is unknown how many people enter the country each day.

The Pew Research center acknowledged that migrant encounters, not arrests, are at their highest level on record. The United States Border Patrol recorded 1,659,206 encounters with migrants at the US-Mexico border last fiscal year, surpassing last year’s high of 1,643,679. Moreover, a quarter of all migrant encounters in 2021 and 2020 (27% and 26%, respectfully) were repeat offenders, compared to only 7% the year prior before the pandemic restrictions further hurt struggling countries. Biden’s policies have enticed people facing economic hardship to come to America as

The claim that the US-Mexico border wall would pay for itself seemed outlandish during Trump’s presidency to many, likely due to his delivery, but the numbers indicate he was telling the truth. No one, aside from Rand Paul, seems to be publicly questioning why the US is willing to pay to secure a foreign border but not its own.

May 23 2022

Sunday Talks, Harvard Kennedy School Economist Celebrates U.S. Inflation Because Consumer Spending is Higher


Posted originally on the conservative tree house on May 22, 2022 | Sundance 

We often talk about the disconnect between Wall Street (globalists) and Main Street (nationalists), and their influence in economic policy.  Today, Jason Furman, a former Chair of the White House Council of Economic Advisors, appears on CBS News to discuss his Harvard-Kennedy School impression of the U.S. economy.

There’s a particular point in the interview [Transcript Here] that encapsulates the moonbat perspective of the globalists.  Listen at 01:20 and you will hear this:

FURMAN:  “Look, we’ve seen a remarkable thing. Consumers, if you survey them, are very pessimistic and negative about the economy. When they vote with their wallets, we saw- we got the consumer spending data for April and it was way up. Consumer spending on just about everything has been booming. Over the next 6 to 12 months, I’m not super worried about a recession. After that is where I start to get worried because that’s where the Fed’s policy will start having more of an effect.”

Put another way: Our policies have made prices skyrocket (inflation). Consumers are forced to spend more money to sustain themselves (food, housing, fuel, energy); ergo consumer spending is booming. Brilliant, our plan to increase consumer spending by raising their prices is working.  That’s the way these people think. WATCH:

We force you to pay more, then turn around and claim economic victory because you are paying more…. “consumer spending is booming.”

By the way, he’s at the World Economic Forum where this perspective is actually cheered inside the echo-chamber.

Comrades, American consumers are overjoyed with gasoline because they are spending so much more money on it. 

Gasoline sales are booming, so everyone must be happy.

Brilliant! 

May 23 2022

Sunday Talks, Face the Nation Cannot Spin Away from Their CBS Poll Highlighting Major Disapproval for Biden Policy, 74 Percent Feel Things are Going Badly


Posted originally on the conservative tree house on May 22, 2022

CBS conducted an extensive YouGov poll [pdf DATA HERE] on wide ranging topics connected to the overall Joe Biden agenda.  The first page of the poll gives a good idea of just how badly the broad spectrum of Americans view the current status:

In addition to the Biden administration being upside down on every issue; the result of doing exactly the wrong thing on every aspect of White House policy; overall, a big indicator within the poll is that 61% of Americans polled describe the Democrat party as “out of touch.”  [DATA HERE]

Keep in mind this is a YouGov poll, which generally skews in favor of DNC policy and doesn’t filter to just registered voters.  So the actual percentages are much higher.

This morning on CBS News Face the Nation, elections and surveys director Anthony Salvanto tried to put the best spin on the poll that finds the number of Americans who say things are going badly in the country, particularly with the economy, is at the highest rate in decades.  WATCH:

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May 21 2022

Alaska Senator Dan Sullivan Outlines Details of Biden Administration Actions to Block U.S. Oil Production


Posted originally on the conservative tree house on May 20, 2022 | Sundance 

During a Senate Energy Committee hearing, Alaska Senator Dan Sullivan gives a list of actions taken by the Biden administration in the past three weeks to block U.S. oil production.

Energy Secretary Jennifer Granholm stated during the hearing that the Biden administration was doing everything possible to increase oil production and supply in the United States.  Senator Sullivan quotes the actions of the Biden administration in the last three weeks which are exactly the opposite of the energy secretary claims.  WATCH (3 minutes):

This is, yet again, another example of the false pretense of the Biden administration {GO DEEP}.  The Interior Department is filled with radical climate change ideologues, and they are working earnestly to undermine U.S. energy policy.

The hypocrisies pointed out by Senator Sullivan are not hypocrisies, they are fraud.   The activist ideologues embedded within the bureaucracy of government are like terror cells activating to destroy the foundation of the country.   President Obama implanted them at all levels of the executive branch offices. They are self-aware and operating independently.  The example of the Interior Department, in charge of oil and gas development, is the easiest to see.

May 17 2022

Buttigieg Blames Private Sector for Formula Shortage


Armstrong Economics Blog/USA Current Events Re-Posted May 17, 2022 by Martin Armstrong

Transportation Secretary Pete Buttigieg, the man who suggested everyone immediately switch to electric vehicles to combat the “Putin gas hike,” has a new message for American parents struggling to feed their babies – deal with it.

Buttigieg appeared on CBS and could not contain his utter ignorance and lack of empathy. “This is a capitalist country. The government does not make baby formula, nor should it. Companies make formula. And one of those companies, a company which, by the way, seems to have 40% market share, messed up and is unable to confirm that a plant, a major plant, is safe and free of contamination,” he stated, absolving government of any guilt. The baby formula shortage began BEFORE Abbott had a formula recall.

Luckily reporter Margaret Brennan was able to explain the situation to the confused politician. Buttigieg said the shutdown has nothing to do with a shortage of ingredients. “No, it is a factor that has led to price. Inflation is one of the factors among many that has been blamed for months of problems with baby formula even before the recall in February,” Brennan reminded him. He maintained that the private sector has the ability to make more formula, and Brennan reminded him that right now America is importing baby formula from Europe as its strategy.

The Biden Administration happily sends $40 billion off to Ukraine without hesitation but refuses to fund the problems we are facing at home. This nationwide formula shortage is an extremely serious issue that US politicians simply disregard. A fraction of the money spent on Ukraine could have fixed the Michigan plant that closed after the recall, and it could have been used to create new manufacturing plants and import more formula in the meantime.

May 13 2022

INFLATION – RECESSION – RISING RATES RATHER THAN LOWER RATES


Armstrong Economics Blog/Economics Re-Posted May 13, 2022 by Martin Armstrong

COMMENT: Marty, I want to thank you so much for the WEC. Perhaps you will consider doing one that is streamed in the middle of this craziness. I have listened to many analysts. But you are head and shoulders above everyone. Only you called for declining economic growth, rising inflation, and rising interest rates in spite of a recession. I understand it is Socrates that puts this all together. But we really need you now.

Please, Please, Please!

WL

ANSWER: I will consider it. My days are full and I cannot even begin to explain everything that is coming in from sources around the world. The “Stickly” core inflation, which does not include food or energy, made its low perfectly on its 31.4-year decline from the highest yearly closing in 1979 to the bottom in 2010. This is really important to understand because while food and energy are rising faster, they filter over into the core inflation and are driving that higher at a faster pace. We are looking at everything rising, much as was the case during the 1980s. Even ticket prices are rising in sports.

I understand that people THINK that Paul Volcker conquered inflation by pushing interest rates to insane levels. Let’s get something straight — the high-interest rates did NOT stop the inflation. Volcker drove the value of the dollar higher and that produced DEFLATION, driving the British pound to $1.03 by 1985.

Raising rates does NOT stop inflation; it will only increase it when we are dealing with a SHORTAGE rather than an excessive demand boom. The same result will unfold with the rising dollar BECAUSE of the rising rates and that produces deflation, but we have the stupidity of those pulling the strings in the Biden Administration and Europe for climate change. They are in power now and want to destroy as much of the energy system as they can because they fear the election cycle will swing against them so they must destroy whatever they can right now.

Food shortages will get MUCH worse into 2023, and we will see power failures this summer in different parts of the US and Europe. There are people in the Biden Administration who simply want to destroy as much as possible in the energy sector in hopes that the Republicans can do nothing if they take back control.

May 13 2022

J6 Committee Issues Subpoenas to Five House Republican Members


Posted originally on the conservative tree house on May 12, 2022 | Sundance 

The entire premise of the J6 committee is a farce.  The overwhelming majority of Americans fully understand it is a political exercise between Democrats in congress and their hired Lawfare allies.  The goal is to label their political opposition as extremists, block and/or tarnish President Trump and manufacture a false premise to advance the Democrat 2022 election goals.

Despite this reality the effort continues in order to fuel their far-left base and media allies.

Today, the House committee triggered subpoenas against House republican members.  The subpoenas were sent to House Minority Leader Kevin McCarthy (U-DC), Rep. Jim Jordan (R-Ohio), Rep. Scott Perry (R-Pa.), Rep Andy Biggs (R-Ariz.) and Mo Brooks (R-Ala.). All five of the house members had previously rejected investigators’ requests for voluntarily testimony.

The subpoena authority is likely, hopefully, to be challenged in court.  The premise of a House committee issuing subpoena’s to the political opposition of the same House membership appears to violate the function of government on many levels.

WASHINGTON DC – […] The Republican leader indicated he might not comply with the subpoena.

“My view on the committee has not changed,” said McCarthy, who added he had not yet seen the subpoena. “They’re not conducting a legitimate investigation. It seems as though they just want to go after their political opponents.”

The select committee demanded testimony from the five lawmakers in the final week of May.

Members of the select panel have wrestled for months with the question of how to handle their GOP colleagues. The Capitol riot committee’s chair, Rep. Bennie Thompson (D-Miss.), had previously doubted the wisdom of that subpoenaing lawmakers, as that would likely trigger a lengthy court fight unlikely to be resolved before in the current Congress.

But the select panel’s thinking appears to have changed, as every avenue of the probe led investigators toward fellow House members.

Some of the subpoena targets — and several other GOP lawmakers — were regularly in contact with Trump and the White House in the weeks leading up to Jan. 6. They helped amplify false claims about the integrity of the 2020 election and were among the earliest to call on colleagues to challenge the results.

But members were mindful that demanding testimony from lawmakers would potentially set a precedent. While House and Senate ethics committees have subpoenaed members and staff before, there’s little precedent for an investigative committee — particularly one mainly guided by the majority party — turning its subpoena powers on fellow members of the House.  (read more)

The committee is desperate to find something, anything, that can justify all of the time and expense they have been consuming in the effort.  The clock is running out fast and the pressure is building internally. As a target of their investigation, and as a recipient of one of these subpoenas’, I can assure readers of the ridiculousness of the people conducting the investigation fishing expedition.  It is nonsense.  All of it.

Take your pick of ultra-MAGA graphics, either one is appropriate…

Classic…

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