Is CV just a cover for another planned fossil fuel bailout? Goldman Sachs "Big oil was never that big it had to borrow from us just to pay its dividends" So that is/was the truth of the fossil fuel industry even with massive subsidies it had to constantly borrow in an obvious ponzi just to pay unjustifiable profits so it was a total welfare queen all along despite generating massive externalities and never paying for these externalities even as externalities amount to a non dischargeable ever increasing debt that has already destroyed any present or possible future industry good will! Fossil fuel industry has already been tried and convicted in the court of public opinion and is awaiting the start of its sentence. Laughable to think any fossil fuel stock is 'investment grade' Now the T admin expects to tie up in hand outs the equivalent of a couple years' worth of US fossil fuel's total revenue (480 billion $$) in another of fossil fuel's endless bailouts to pay tribute to a bunch of non-contributing rent seekers who were paid off countless times already. How about giving a couple years worth of pay to people laid off? Remember the fossil fuel industry bitterly hypocritically whining about green subsidies- well green is actually profitable even without subsidies and and is net negative externality wise (healing the damage caused by fossil fuels) where as fossil fuels are never legitimately profitable. The fossil fuel industry is not the 'energy' industry it is a long term fraud and conspiracy that has undermined American security and prosperity for 50-70 years now. Its not 'great' its bankrupt in a way that no amount of bailouts can ever fix. At the very least another bailout in any form should bar future profits because after all these 'profits' were never real to begin with and just based on ponzi borrowing and a ponzi game with blindly insuring obviously stranded assets and force feeding crap like that to pensions and intermingling it with home loans to try to obfuscate, string along and hostage take. Definitely not too big to fail as it has been failing every step of the way. This is why we can't allow state secrets because it leads to cancerous fraud like this. 911 to 07 collapse to CV all have fossil fuels and the GOP and sold out parts of DNC as their basis. We have to cut this sunk cost parasite loose, not the least because it is utterly destroying good will toward America. Will America be thought of as a force for evil in the world- condemned like the 3rd Reich? If not we have to cut this stuff loose. It is not cut and run it is called coming to our senses and finally doing the right thing. Fossil fuels shouldn't even be getting loans- doesn't matter the cost to the GOP. So fortunate the Right's money is self-imploding- based their future as did on fraud and criminality and that has a way of collapsing- sunk cost Ponzi's catch up to people who foist them. Can't let them tie up this money in opportunity cost on that sunk cost wastage which is exactly what they are trying to do- they are trying to steal this money to prevent it being spent on green energy where it belongs starting next January. Can't let happen. Time to collapse all those derivatives and make the banks who got involved in that and their complicit 'investors' absorb those losses. We can recapitalize new banks in a heartbeat. Strangely enough Well Fargo didn't have much of this derivative junk at one point but once it was made to swallow that stuff it not surprisingly became more fraudulent. Lets be honest climate change will be a lot worse than CV ever could be and getting rid of fossil fuels and its useless dead end politics and existential war mongering asymptotic risk elevation is likely still a far more pressing even immediate issue. AEV self driving alone will save many more lives than CV will tragically took. Hopefully we don't waste much time listening too much to weapons manufactures disguised as indemnified for-profit pusher pharmaceutical companies pushing another flu vaccine when the last generation didn't save us from this weapons grade flu or even cut down the flu prevalence and where a vaccine would entail putting a damaged version (making us momentarily contagious for the intact version) of this monstrous apparent weapon in most peoples bodies. Hopefully we don't waste too much time on that. Lets focus on what destroyed the world economy yet again (fossil fuels) and not setting up the next collapse by giving it more money, and see CV coming along as a distraction and ink cloud to try to camouflage more spending on this FF junk- economy collapsed because of fossil fuels not CV- CV appears just to be a cover up (no less tragic- but just like how do we steal Iraq's oil- with 911.) No, we're not giving the fossil fuel industry more money because it is pathetic unworkable and utterly bankrupt, no we're not doing it because we should feel sorry for it because of CV- not it was a victim of its own austerity inducing economics, CV is ink cloud BS and we have to make sure this opportunity cost forward biased federal spending isn't wasted on this bankrupt group again. Alameda shuts Tesla but doesn't shut glutted refineries of which there are 6 in that county? Tesla is a real energy supplier but its not exempted? What about weakening people's respiration during this with all that refinery pollution? Shut down may be right but it could be same old culprits.
