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by ren_engineer 1320 days ago
energy companies are simply acting rationally based on the fact that governments have made it clear they want to eliminate them, short term profit maximization is logical. Why would oil companies invest in refineries that will not only cut their profit margin by increasing supply but be shut down by the government in 20-50 years making the investment worthless? This is logic a 5 year old can understand but apparently is too much for the current executive branch to grok

every single current economic issue is a direct result of government actions during the pandemic and trying to achieve long term ideological goals that weren't based on rational decision making

1 comments

None of what you wrote makes any sense to me. Almost without exception, corporations don’t plan 20 years into the future.

You left out supply chain disruptions and consumer demand fluctuation due to the pandemic.

It more seems to me like you have an ideological story you’d like to sell.