Is $20 Per Gallon Coming? Globalists ESG Is Stopping New Oil Rigs

Hello, is anybody home? To me, this is what many Americans are asking their politicians these days.

The lack of response from their elected officials, as globalists’ policies are eroding away the foundation of their nation from underneath our very feet, is frustrating.

This must be similar to how those who had settled and were helping build the United States in the 1700s felt. Though law-abiding they were being mistreated by King George III.

“No taxation without representation” is a political slogan that originated in the American Revolution, and which expressed one of the primary grievances of the American colonists against Great Britain. In short, many colonists believed that as they were not represented in the distant British parliament, any taxes it imposed on the colonists (such as the Stamp Act and the Townshend Acts) were unconstitutional, and were a denial of the colonists’ rights as Englishmen.

A main unanswered question is what is being done about the skyrocketing costs at the gasoline pump?

Even with the average cost per gallon setting a new record daily, the number of oil rigs operating in the U.S. was unchanged this week after declining by two in the prior week, according to oil services giant Baker Hughes.

Oil prices have risen to the highest level since the end of March, due in part because of a decline in U.S. oil inventories and an expected boost in demand for gasoline as the U.S. heads into summer.

The price of a barrel of Brent Crude rose to a high of $120.13 on Friday before retreating to $119.76. The price of a barrel of West Texas Intermediate rose to a high of $119.46 and was trading around $119.12 by midday. The average price for a gallon of gasoline hit an all-time high of $4.761 on Friday.

The OPEC+ cartel agreed on Thursday to raise its production limits faster but that appears not to have dented the confidence of traders that oil prices will continue to head higher. Analysts believe that some OPEC member nations will not be able to quickly raise production to fill the higher quotas.

U.S. oil producers are wary of expanding production for fear that regulators will adopt punitive rules aimed at combating climate change. Financing for expanded production has also become scarce as major banks have backed away from fossil fuel projects under political pressure.

Black Rock Financial guaranteed institutions have poured money into so-called sustainable funds that looked to environmental, social, and governance factors when making investment decisions. These funds shun fossil fuel investing.

According to Deliote’s Center for Financial Services, professionally managed assets with ESG mandates swelled to $46 trillion globally in 2021, representing nearly 40 percent of all assets under management. The result of this is that it has become incredibly hard to raise funds for expanding fossil fuel production. So even oil prices above $100 a barrel are not attracting capital into the sector.

Here is what you will now commonly find on large financial institutional websites, pushing ESG Zero Emissions.

The coming decades will be critical in the push to reach net zero. To help get there, investors large and small are devoting an increasing amount of capital to Environmental, Social and Governance (ESG) investments. ESG funding — a way of committing capital to a variety of efforts, including renewable energy production, greater economic opportunity to underserved communities and innovative technology to retool entire economic sectors — was expected to account for about $3 of every $10 of flows into global equity funds in 2021.

When you break it all down, globalists are now working inside governments to set energy policies, all intended to phase out all fossil fuel energy.

They took over the global financing, and are stretching or completely preventing traditional energy companies from getting operating capital.

The civil war is on for the future of The United States of America.

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