We could call it gaslighting, except there's no gas
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The new theme: we’d have plenty of oil if it weren’t for those greedy corporations and banks.
After two decades of telling an industry that the government’s going to shut it down, decades of preventing it from expanding, and in fact demanding that it shrink, politicians are shocked, shocked they say, to discover that their target has listened.
Maine’s own contribution to the nation’s IQ deficiency, Senator Angus King, has thoughts:
“This past year [oil companies] have announced almost $40 billion of stock buybacks — which does nothing for production or anybody else except shareholders and perhaps the executives — and about $50 billion of dividends. That’s money that could have gone into investment for production,” U.S. Sen. Angus King said Thursday during a hearing of the Senate Energy and Natural Resources Committee.
“What’s hampering the growth of production isn’t federal policy and it isn’t scary statements from the White House about climate change,” King added. “It’s a failure to invest in the production capability.”
Amateur tip to Angus: corporations buy back their stock and increase dividends to stockholders when there’s no more profitable use for the money. You wanted disinvestment: this is wht it looks like.
And the same goes for lenders, although BlackRock’s Ten Trillion Dollar Man, Larry Fink, has been working on behalf of the wreckers to bring about the Great Reset even without encouragement from his government pawns.
