The oil Crisis is mainly caused by governments. Speculators do play a part in the price spike but they are not the primary ones cashing in.
1-- Politicians have funded most of the oil infrastructure out of tax revenues. Solar, wind and hydro electric could never compete with oil backed by those sorts of subsidy. The government created artificial disincentive to invest in other types of power generation.
2-- Governments need oil for military conquest. Powering large military machines requires the concentrated power of oil.
3-- Oil coal and nuclear power are favored by the government because they can be taxed with more ease. Solar and wind are to distributed and portable to collect robust tax revenues upon. Alternative energy has all the features of plumbing and register accounting (two famous facilitators for tax evasion)
4-- Last but not least--- Oil price rises can appear to come from actions in the middle east or speculators when mostly they arise from rampant inflation. Most of the oil price rise is simply government printing to many dollars.
No wonder governments have decided to destroy the environment instead.
Brain... hurt
Enk51787 2 years ago
Raptor, your video title was very misleading and left me a little disappointed.
Twitchgamer 2 years ago
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bamboy2480 3 years ago