Today another bad day for the Bidenomics

[SunsetBengal]

(04-26-2024, 07:29 PM)pally Wrote: Oil and gas companies are making record profits, refineries are at capacity.  It is a worldwide commodity where the worldwide market sets the price. Removing regulations here in the States will only prove to cause pollution and damage and will not affect price but will increase profits for the donor class.

Deportation of all undocumented workers will cost the country billions of dollars in revenue as well be an extremely expensive undertaking.  And again we remind you that people in the country waiting for an asylum hearing are in the country legally.  The current US unemployment numbers are less than 4%.  Good luck in finding enough American workers to fill the jobs so many undocumented workers take.  

Inflation went out of control because the American economy...the economy that drives the world....was shut down in 2020.  Because manufacturing essentially stopped throughout the world when the consumer demand came back the suppliers couldn't keep up.  The supply chain couldn't keep up with demand  In the meantime, the corporate overlords saw a chance to recoup the losses of 2020 and jacked up their prices even higher than inflation.

If so much of inflation is controlled by oil and gas prices wjy are so many reluctant to explore and incentivize options other than fossil fuels?  Wouldn't it be better for the economy in the long run to minimize our dependence on such an economically volatile commodity?

We (the Nation) have been exploring and incentivizing green energy options for quite some time. The problem lies in that even though the Biden admin. pledged huge dollars for e-car recharging stations, very few have even been built. Solar takes up so much farmable land that now some States are requiring that the sites be dual purpose and allow grazing between the rows of solar panels. Wind energy seems like a pipe dream, as the materials that they are created from aren't biodegradable. 

Sure, it's fun to say "Let's move everyone to green energy!", but the truth is that it just isn't viable to sustain life as we currently enjoy it at this time. Energy industry needs to keep working in conjunction with product manufacturers until they can get it right.