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The Great Reset! “Gas Prices Must Go Even Higher” – $15 Per Gallon?

Climate Change

The Great Reset! “Gas Prices Must Go Even Higher” – $15 Per Gallon?

The World Economic Forum (WEF) was launched in 1971, the year the United States went off the gold standard.

For decades its list of partners has grown to hundreds of the most powerful public figures, organizations, and corporations in the world.

The WEF, using the COVID lockdowns shifted their globalist agenda into hyperspeed.

Their 2021 annual conference was called – The Great Reset

They released a position paper on Monday that tries to link, what they have identified as, two “global crises” as one – “climate change” and the “decline of democracy.”

It says fighting the former can save the latter as long as consumers stop burning coal, oil, and gas in exchange for green renewables.

The WEF paper argues for the past 15 years, democracy has been in decline worldwide. To protect and promote freedom, “leading democracies must strengthen their economies and safeguard liberty.”

It goes on to say ignoring progress toward a “low-carbon economy could put democracies in greater economic peril, not less” while repeating the broader demand of environmental activists for companies to stop investing in fossil fuels.

The pressure comes in the form of a report titled “Banking on Climate Chaos: Fossil Fuel Finance Report 2022,” which seeks to shame the banks into dropping oil, gas, and other fossil fuel energy resources. And the effort is backed by well-funded climate activist groups, including the Sierra Club and Oil Change International.

Russia’s invasion of Ukraine has brought renewed focus on this economic weakness, the WEF says.

What is the answer for the U.S. and Europe? Pricing the alternatives to green energy out of the market. It says:

First, leading democracies should agree to end the underpricing of fossil fuels, which is the principal factor preventing a clean energy transition. The underpricing associated with producing and burning coal, oil and gas amounted to $5.9 trillion in economic costs in 2020. Nearly a quarter of these losses – $1.45 trillion – occurred in 48 major and smaller democracies.

The leading democracies of the G20 should collectively commit to phasing out cost and tax breaks for the production and consumption of fossil fuels. They should also phase in more efficient pricing of fossil fuels through taxes or tradable permits to cover the costs of local air pollution, global warming, and other economic damages.

The paper insists that compliance can and must be enforced.

Taxes can be imposed on carbon-intensive imports to reduce the risk of unfair competition for their domestic industries “and to deter companies from relocating overseas to avoid compliance at home.”

Forcing other economies to reform their under-pricing of fossil fuels to avoid the penalties imposed by the policy should also be actively pursued, according to the WEF, with U.S. President Joe Biden already committed to punishing the fossil fuel industry out of existence.

The paper concludes that by delaying a clean energy transition, “leading democracies are making their economies more vulnerable through continued reliance on fossil fuels.”

Collectively acting to foster a green transition “is not only good for the climate but also critical for protecting democracy,” the WEF paper concludes.

Their insistence that the world leaders stand their ground on forcing the conversion to zero emissions, has the potential to drive the cost of a barrel of oil to $380. 

As a point of reference, in the third year of the America first Presidency of Donald J. Trump, Reuters wrote on January 8th, 2019; Oil prices are likely to trade in the $60 to $70 per barrel range by mid-2019, the Arab Petroleum Investments Corporation (APICORP) said in a report on Tuesday.

The World Economic Forum is a very connected and powerful organization.

Justin Trudeau, the 23rd Prime Minister of Canada, and Emmanuel Macron, President of France since 2017, are both working closely with Professor Klaus Schwab, the Founder and Executive Chairman of the World Economic Forum. 

This is why both countries have adopted radical economic and ecological policies and are using a heavy hand to silence who they deem to be “dissenters”.

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