Oil companies and their accomplices think Americans are dumb. They are making record profits from ripping us off with their manufactured inflation, then blame Biden for it.
Factually: Oil Companies are evil
While this article intends to point out the evil that oil companies represent for ripping us off legally, we must extend the evil to our economic system in our thought process. The inceptors of our economy designed it to rip off those without pricing power. Ingrained is the power imbalance. And that is why the direction of wealth extraction is towards the very few.
I explained in an earlier rant that there is no oil shortage. There is an oil glut, both realized and unrealized. Remember, even though your energy cost has likely doubled over the year, we have neither stopped using substantially less gasoline nor had any problems finding fuel. That means that increased costs have little to do with supply and demand. It is all about pricing power.
The corporations know we have some savings from the stimulus and higher wages. Using the tenet — whatever the market will bear — they take it back with inflated prices.
When you hear anyone complain about the stimulus and wages, remind them that record corporate profits mean the American people were just conduits to enrich the shareholders and executives of corporations with pricing power.
Oil companies and their accomplices have some nerve. As they bask in record profits they’ve never seen, they blame the Biden administration, Russia, and many other frivolities for the high prices. I call this a legal fraud on our citizens. It is a part of the many aberrations integral to our economic system.
It’s time for the masses to stop believing these corporations who set the narrative parroted by our mainstream and Right-Wing media. It is time that we get bold and elect people that will take steps to stop the pilfering. It is time to nationalize offending industries that have been robbing us blind. But further, we must recover the ill-gotten gains that have impoverished many.
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