The Biden Administration and the United Nations support the ability of the banking industry and our investment giants to work together to reshape our economy and our energy infrastructure. They are using a Chinese style scoring system where businesses are graded on their management of issues relating to the Environment, Social movements and how they Govern.

It is called ESG and is primarily aimed at making any investment or use of fossil fuels, coal, natural gas and oil as mistakes for companies hoping to gain investment on Wall Street. The Chinese do it with 600 million cameras on every street corner. They monitor the conduct of its citizens in order to determine what benefits or lack thereof would be allowed its citizens. ESG is copying that system. Organizations have been established to create the scores to punish business acting as all businesses should to benefit their shareholders.  It is a very dangerous precedent, as the American people never voted to give the finance industry this sort of control over our country.

Stifling energy production is part of a plan to create the high prices and shortages we are all experiencing, but believe it to be poor management of our nation. It is time to wake up and understand that it is not poor management, it is the left’s desire to destroy Capitalism. If you took high school biology you well remember the plight of the frog to be dissected. It did not know what was happening until it was too late and it died. It is not too late for us but the first step in resisting is waking up to the reality the left is creating every day.

Of the 3 fossil fuels of coal, natural gas, and crude oil, the latter is the only one primarily used to manufacture products for society that are the basis of the economy.

Crude oil is of little value, unless it’s refined into derivatives that are the basis of more than 6,000 products in our daily lives that did not exist before the 1900’s. As fuel it fills the needs of more than 50,000 jets airplanes and 50,000 merchant ships, and of course our military defense.

Wind turbines and solar panels that generate only intermittent electricity cannot manufacture anything for society or keep any electric grid operating. It is actually amusing that all the products needed to make the parts for electric vehicles, wind turbines, solar panels, planes, ships, medical supplies, tires, asphalt, and fertilizer are made with the oil derivatives manufactured from crude oil.

The efforts to cease the use of crude oil is a great threat to civilization, but can never reach its goal. Attempting to attain a decarbonized world like the one that existed in the 1800s and before, would result in millions of fatalities for the earth’s population from disease, malnutrition, and weather-related deaths. They would dwarf the fraudulent projections of fatalities from changes in climate. You can be sure the world will wake up to this travesty long before the socialist, communist friends of China would be able to pull it off.

Where are the replacements for crude oil, to keep todays societies and economies running? They do not exist and never will. We think the end to the frauds being perpetrated on society will begin to wind down at the polls next November.

The public has short memories of petrochemical products and human ingenuity being the reasons for the world population growing, with a reasonable standard of living for most, from 1 to 8 billion in less than 200 years. Efforts to cease the use of crude oil will be the greatest threat to civilization, not climate change, and lead the world to an era of guaranteed extreme shortages of fossil fuel products like we had in the decarbonized world in the 1800’s. It can only lead back to shorter life spans, diseases, malnutrition, and weather-related deaths resulting from the elimination of fossil fuels that are benefiting society.

This administration is trying to clone California that is eliminating most of its in-state oil production. It is the 4th largest economy in the world, and now imports 65 percent of its crude oil from foreign countries.

The once Golden States position on crude oil production fits right in with Putins goal to control energy. Russia opposes all U.S. fracking and gives financial support to many environmentalist groups efforts to slow crude oil and natural gas exploration and production within the U.S..

We also owe part of excessive gasoline price to many anti-oil politicians’ whose constantly threaten to severely restrict or even ban oil production.

It may be time to stop complaining about President Biden. He has never written a word of the Executive Orders intended to stop our use of fossil fuels. He has never spoken a complete meaningful sentence that did not appear on the teleprompter, but he adores being the puppet President and his wife likes it even more.  Fuel and food prices and inflation are exactly where they want them to be.  The sooner folks understand this the more likely we can stop them.

Authors

  • Ronald Stein

    Ronald Stein is an engineer, senior policy advisor on energy literacy for CFACT, and co-author of the Pulitzer Prize nominated book “Clean Energy Exploitations.”

  • Dr. Jay Lehr

    CFACT Senior Science Analyst Jay Lehr has authored more than 1,000 magazine and journal articles and 36 books. Jay’s new book A Hitchhikers Journey Through Climate Change written with Teri Ciccone is now available on Kindle and Amazon.