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Been a while since gas hit over $4.00 a gallon. Middle of the George W. Bush presidential regime following hurricane Katrina (2005). Biden has just finished his first year and seems to be doing well on all fronts, including dealing with Russia.

I’m not surprised that Big Oil has responded to the fact that “Russia is the world's largest producer of crude oil (including lease condensate) and the second-largest producer of dry natural gas, after the United States. Hydrocarbons play a large role in the Russian economy, as revenue from oil and natural gas production and exports accounts for more than half of Russia's federal budget revenue.” This quote is a few years old, but you get the idea.

No surprise to me that sanctions on Russian products and its economy in general have left us with this small price to pay in lieu of throwing the lives of our troops into the fray and setting off World War III—escalation to the use of Nukes, etc. The Russian problem will be short-lived if it continues to be properly handled via gas prices, NATO, etc.

Green New Deal, meanwhile, is sort of looking pretty good.

From: Now and when | Tom Camfield

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