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Chinese Oil

Biden Is Destroying the U.S. Fossil Fuel Industry and Handing Over Refining Market to “Dirty” China

by Ethan Huff, Natural News
September 12, 2023
in Opinions

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Those who “lead” the governments of the United States and many European countries are deliberately cutting off their respective nations’ economies at the knees by allowing the West’s earth-based fuel and energy infrastructure to crumble. Here in the U.S., such destruction is occurring at the hands of fake president Joe Biden, who is actively selling off the U.S. fossil fuel industry, including the entire refining market, to “dirty” China.

(Article cross-posted from Natural News)

America’s energy infrastructure and resources are in such disrepair, and refining capacity constantly declining, that any disruptions – this includes the smallest supply chain hiccup or delay – will send energy prices into a tailspin of wild and extreme volatility.

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When the U.S. was still a relatively stable country with competent leaders at the helm, gas prices would remain pretty much stable year after year, save for the annual summer rush and busy holiday seasons. Today, gas can rise and fall sometimes 20 or 30 cents a day – and such volatility will only worsen the more our energy infrastructure and resources are dismantled.

“The market is overly sensitive to any unexpected supply disruption anywhere,” says Frederic Lasserre, the global head of research at the Gunvor Group, one of the world’s largest independent commodities trading houses. “Everyone knows there’s no plan B. We have no stocks, and we have no excess capacity anywhere.”

Russell Hardy, the CEO of Vitol, another energy and commodities company, agrees. He told the media that during the Wuhan coronavirus (COVID-19) “pandemic,” many refineries closed, leaving Western markets with a perpetual lack of sufficient oil products.

(Related: If Biden does not get his way in forcing his “green” agenda on America, there is a chance he might declare a “climate emergency” and seize COVID-like dictatorial powers.)

Discover the Top 10 Gold IRA Dealer Lies and learn why we strongly recommend Augusta Precious Metals to protect your retirement.

Tired of high energy prices? Blame Biden and the rest of the uni-party

Where Biden’s actions – or rather, non-actions – come into play involves his regime’s relentless antagonism towards the earth-based “fossil” fuel industry. Every chance it gets, the Biden regime chips away at our energy infrastructure while pushing far-fetched “green” alternatives that do not even hold a candle to what oil and gas provide for a vibrant economy.

It is almost as if Biden and his cronies are trying to crash the nation by depriving us all of the oil and gas we need to keep our homes heated and cooled, our trains, planes and automobiles running, and our food growing and making it to the grocery store.

Right now, prices at the gas pump are at their highest seasonal level in more than 10 years. Part of this massive inflation is being blamed on, get this: “extreme heat.” Any excuse except for the truth will do, eh?

As for diesel, the fuel that “powers global industry,” to quote Zero Hedge, this critical form of gas is even more expensive than unleaded. And just like with gas, there are no stockpiles of diesel in case anything goes wrong – and you can be sure that eventually something major will go wrong, probably right on time, that brings Western commerce to a grinding halt.

To make matters even worse, it is becoming increasingly more expensive to pay for oil and gas refining. What few refineries even remain are running at full capacity, the highest capacity at which they can safely run, and it is still becoming prohibitively more impossible to produce energy that people can actually afford to buy.

According to Sri Paravaikkarasu, director of market analysis at Phillips 66, the refining industry is “crying out” for fresh investment, especially as oil demand continues to grow in China and other Asian countries that, unlike the West, are expanding their fossil fuel use rather than trying to switch to solar panels, wind turbines, and wishful thinking.

The latest news about the Biden regime’s animosity towards earth-based fuels that bring prosperity and abundance can be found at GreenTyranny.news.

Sources for this article include:

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  • ZeroHedge.com
  • NaturalNews.com





At Last, a Company With Integrity in the Gold IRA Industry

For several years, I’ve been vetting out precious metals companies in search of the best. I believe in gold and silver but it’s hard to find integrity in the Gold IRA industry. The vast majority operate with shady tactics and gigantic spreads that take advantage of Americans who simply want to protect their life’s savings.

I’ve found a handful that I like and I’ve worked with some of them. By no means would I “unrecommend” them because, again, I vetted them out and found them to be above the fold. Unfortunately, it isn’t hard to be better than the rest when the rest are so darn awful.

After years of searching, I finally found a company that truly operates with integrity. Augusta Precious Metals has three important attributes that set them far above the competition:

  • Non-Commissioned Sales Team: I cannot stress how important and unique this is. With just about every other company in the Gold IRA industry, the sales teams make commission from every account they open. This means they steer their clients toward the gold and silver products with the highest commission. With Augusta Precious Metals, the team is solely focused on putting the best gold and silver for their clients into their IRA. They get paid to serve the best interests of the Gold IRA client, NOT their own commission pay.
  • Incredibly Low Fees: Most Americans would be shocked if they knew the spread other Gold IRA companies charge. Augusta charges just 5% versus up to 45% elsewhere.
  • No Pressure, No Gimmicks: There’s an understanding among most in the Gold IRA industry that fear and pressure is the way to go. Augusta Precious Metals takes a sober approach when working with clients because they hold integrity in the highest possible regard. This is why they don’t offer gimmicks like “free” or “bonus” silver. It’s also why they do not apply pressure tactics to get quick sales. Their educational and transparent approach to doing business is exceedingly rare in the Gold IRA industry.

Reach out to Augusta Precious Metals to learn more about protecting your wealth and retirement with physical precious metals.

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Tags: ChinaEnergyJoe BidenLedeNatural NewsOilTop Story

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