Bidumbnomics

[Terrel L. Shields]

Richmond and Chevron came to an agreement that Chevron will pay $550 million for the pollution issues it has caused over the decades.

Every few years they blackmail them over "pollution" and extract a few million here a few million there. Then California pretends that Chevron does not pass every single penny of that blackmail on to the consumers. Why do you think they stay? Just to lose money? Or to defray the cost of these defalcations onto the world at large and not California where it all originated? The minute they start losing money, that's the day they close the refinery and move on. Let California walk to work.

 

[Terrel L. Shields]

The only thing the Dems do for the poor is increase their dependency on the government.

How else can they solidify their base? You keep them on the Democrat's plantation, just like they did until the Civil War. Then for a few years, they were able to put them back in their place with Jim Crow laws. The only Republicans in the South until Roosevelt were black. FDR bought them during the depression and put them into "their place." Remember, it was the Southern Democrats who opposed segregation and the Civil Rights bill, not Republicans. It took Everett Dirksen's help to LBJ to get Civil Rights passed over the objections of Same Irvin, Al Gore Sr., and Robert Byrd.

Now, Larry Elder, Candice Owens and a lot more blacks are realizing the Democrats offer empty promises and little more.

 

[Charles West]

Every few years they blackmail them over "pollution" and extract a few million here a few million there. Then California pretends that Chevron does not pass every single penny of that blackmail on to the consumers. Why do you think they stay? Just to lose money? Or to defray the cost of these defalcations onto the world at large and not California where it all originated? The minute they start losing money, that's the day they close the refinery and move on. Let California walk to work.

Newsom should be kissing their ring given the refinery's importance to the state.

 

[Terrel L. Shields]

Note that Kamala doesn't even know the difference in "Gouging" from what she said, "Gauging"... How stupid can you get?

 

[OSU Beavers]

 

[DTB]

Do their constituents know the difference?

 

[OSU Beavers]

 

[Charles West]

More bad news this morning from the manufacturing sector, continued contraction and some hot inflation numbers are tanking equity markets.

 

[Terrel L. Shields]

"Prices are still 20.9% more expensive since the pandemic-induced recession began in February 2020, with just 6% of the nearly 400 items the Bureau of Labor Statistics tracks cheaper today."​

On the oil front after climbing in the pre-opening markets, oil plunged on the anticipated economic slowdown, and the potential of OPEC to raise production levels. If the economy is slowing, the last thing needed is additional supplies. Russia is struggling with outages due to attacks from suicide drones from Ukraine. Nigeria is set to open a huge gasoline and diesel refinery by years end, in that state and will be cutting into the markets of Europe.

 

[OSU Beavers]