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Oil tumbles more than 9 percent, breaks below $100 as recession fears mount

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posted on Jul, 30 2022 @ 08:55 AM
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a reply to: putnam6




We are chopping off an industry at its knees when we desperately need it.


There's this thing called "competition", it's apparently one of the founding principles of market based capitalism.

Big oil has held the country and the economy hostage for too long. Now there's competition from renewables. Big oil will need to innovate or go the way of the dinosaurs.

I don't know about you, but being able to live off grid using wind, solar and biofuels, and still have all of the comforts of a suburban on grid lifestyle, is pretty sweet.

I don't want to pay big oil one cent more than I absolutely have to.



posted on Jul, 30 2022 @ 08:57 AM
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a reply to: putnam6



ATSers thought would happen if Biden were allowed to be President?


That's great, except that this is a global problem, the Europeans and Asians are having the same trouble without Biden.



 
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