Arab leaders worry more about making money from the profits they get from oil and gas that they turn the other way when Lebanon is being destroyed right next to them. Their neighbours are being murdered, but they only make calculations for their own benefit.
We've subsidized oil companies for a century. That's long enough. It's time to end the taxpayer giveaways to an industry that rarely has been more profitable, and double-down on a clean energy industry that never has been more promising. Pass clean energy tax credits. Create these jobs.
In sectors like energy, I haven't been arguing for more spending per se; I've been arguing that it doesn't make sense for us to spend $4 billion subsidizing an oil industry that's mature and very profitable. We should be using that money to finance clean energy of the future.
America is addicted to oil and increasing amounts of this oil comes from abroad. Some of the nations we depend on for oil have unstable governments or are hostile towards the United States.
The petroDollar system breaking down, where oil is no longer paid for in Dollars internationally, essentially would be the death knell to the US Dollar as the reserve currency. It means the US can't borrow with 'exorbitant privilege' anymore, and it means the US Treasury market is set for an out-of-control interest rate spiral.
I'm a bit of an alchemist sorceress. I've collected probably 1500 oils from around the planet over the last ten years. I'm kind of obsessed with the sensuality of it.
Today, as a result of a miraculous set of circumstances, Iran is going to get between $50 to $55 billion in oil revenue, which is unheard of in the history of the revolution.
So, Mr. Chadband-of whom the persecutors say that it is no wonder he should go on for any length of time uttering such abominable nonsense, but that the wonder rather is that he should ever leave off, having once the audacity to begin-retires into private life until he invests a little capital of supper in the oil-trade.
Electric power is everywhere present in unlimited quantities and can drive the world's machinery without the need of coal, oil, gas, or any other of the common fuels.
Some mechanism in my sub-consciousness took the dominant characteristics of various prize-fighters, gunmen, bootleggers, oil field bullies, gamblers, and honest workmen I had come in contact with, and combining them all, produced the amalgamation I call Conan the Cimmerian.