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originally posted by: MiddleInsite
Blame big oil. They set the price.
Supply and demand and the typical oil company price gouging.
As of Dec. 13, 2019, 134 members of Congress and their spouses own as much as $92.7 million worth of stock in fossil fuel companies and mutual funds, according to an analysis of financial disclosures by Sludge. House members own between roughly $29.5 million and $78.2 million in fossil fuel stocks, while senators have between $3.8 million and $14.5 million invested in oil, gas, and coal interests. Members of Congress generally report the value of their investments in broad ranges, so it’s not possible to know exactly how much their stocks are worth.
In Sludge’s previous analysis, as of Dec. 2019, at least 29 senators and 105 representatives held stock in the fossil fuel industry, valued as much as $14.5 million and $78.2 million respectively. Last month, Sludge’s updated look at the U.S. Senate found 28 senators with fossil fuel investments in their households, with assets worth up to $12.6 million.
Misc. Findings
Speaker Nancy Pelosi’s spouse holds an investment of up to $50,000 in Clean Energy Fuel Cells Corp., a California-based company that is developing liquid gas fueling stations for long-haul trucks to compete with diesel. The unsustainable impacts of continued fossil gas extraction and its accompanying methane emissions were documented in a May 2019 report from over a dozen environmental groups including 350, Greenpeace USA, and the Rainforest Action Network.
Sixth-term Republican Austin Scott of Georgia often traded shares this year in Clean Energy Fuels Corp. and FuelCell Energy, a Connecticut-based fossil gas company. He bought up to $15,000 of shares in each in June, then bought another up to $15,000 in FuelCell stock in September and sold up to $15,000 in Clean Energy Fuels stock in October as the House debated the Build Back Better Act. In his 2020 annual report, investments of up to $50,000 in each company belonged to his spouse.
Third-term Democrat Vicente Gonzalez of the Texas Fifteenth Congressional District, who shortly after taking office in 2017 founded the Congressional Oil & Gas Caucus, owns just over $10,000 in Chevron stock. Gonzalez was among the Blue Dog Coalition members seeking to delay passage of the Democrats’ reconciliation plan this summer, when it included a clean energy standard, and successfully pushed to first pass the infrastructure bill, legislation that was praised by trade group the American Gas Association.
Third-term Democrat Tom Suozzi of New York, who is leaving his seat next year in his run for governor in the 2022 state election, bought and sold shares of oil and gas exploration company Devon Energy in May and June worth up to $65,000, having already held up to $100,000 in Devon stock at the end of 2020.
The spouse of fifth-term Democrat Maxine Waters of California owns up to $250,000 in oil and gas company Chesapeake Operating, sending her household royalties of between $15,000 and $50,000 in 2020.
originally posted by: JAGStorm
I'm trying not to be negative but I think the worse is yet to come.
Husband called me today, he got a salad and drink for lunch and it was $15 bucks...
originally posted by: Mantiss2021
I'm sorry, but when I read on these boards all the ranting and moaning about how expensive, how unavailable, how "crazy" everything is now, I have to shake my head and wonder.....
Just WTF where you all expecting?!?!
I've been an ATS member for more than 15 years now (originally under a different username), and for at least a decade prior to 2020 there was earnest interest in, and discussion of not only "The End Of The World As We Know It (TEOTWAWKI)", but the preparations one should undertake prior to "The Event" to survive and carry on.
I think we can all agree that the proverbial "S" hit the proverbial Fan in 2020, as a result of the COVID pandemic.
Now whether you believe that the pandemic, and the resulting world-wide economic upheaval that has followed it, was planned, or just an unfortunate natural disaster, makes no difference!
The fact is that we must now deal with our reality as it exists, not as it once was, not as it should have been, but as it is.
And that means that all those plans and preparations we talked about, and in some cases, even bragged about, need to be put into action.
It is said that you don't fight the war you planned for, you fight the war you're in.
COVID, and by extension 2020, might not have given us the Apocalypse we were expecting, but it gave us, undeniably, an End of the World as we knew it.
So why are so many of you now complaining about how everything is so awful? Had you not prepared for this? Had you not prepared for much worse? A world where fuel was not just expensive, but unavailable? A world without electricity or running water? A world that wasn't merely inconvenient, but actually all but uninhabitable?
Or is it that for all our grand talk, we're all just "snowflakes" in reality?