(FREE) PAINE IN THE MORNING: 11 things you need to know this Tuesday – June 28, 2022

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Is the Green Agenda Being Forced Upon Us by Accident? – The Left hates oil and gas, beef (and chicken, and all meat), and coal. But millions of Americans don’t believe the hysterical Leftist claims that these things are destroying the planet. What to do about these folks? A number of suspicious recent incidents suggest that some people have decided to take matters into their own hands and force compliance with the green agenda by leaving us no other choice
Belying his “Putin’s price hike” propaganda, Old Joe Biden suggested in late May that skyrocketing gas prices were all part of a plan: “And when it comes to the gas prices, we’re going through an incredible transition that is taking place that, God willing, when it’s over, we’ll be stronger and the world will be stronger and less reliant on fossil fuels when this is over.” Meanwhile, an April fire at the port of Benicia, Calif., hampered gasoline production. A natural gas pipeline exploded in Michigan in March. – READ MORE
Large chicken producer abruptly announces closure of U.S. plant, catching locals off guard – One of the nation’s largest vertically integrated chicken producers will be shutting down one of its plants in Campbell County, Tennessee.
George’s Inc. announced it would be closing its Caryville food processing plant, WVLT-TV reported. – READ MORE
Canadian Plant Will Produce Nearly 10 Tons Of Crickets — For Human And Pet Consumption – Americans and Canadians may see about two billion crickets swarming local grocery store shelves for self and pet consumption thanks to a Canadian food group that recently completed the world’s largest “alternative protein” manufacturing facility.
Based in London, Ontario, Aspire Food Group announced on May 26 that the new insect production facility would reportedly produce about ten tons of crickets yearly for U.S. and Canadian distribution, Canadian Manufacturing reported. – READ MORE
Biden Drains US Strategic Oil Reserve To Lowest Since 1986; UAE Warns Not To Expect Any Help From OPEC – Continuing to do the same action and expecting different results is the Einsteinian definition of insanity… but that hasn’t stopped the Biden administration in the case of its attack of his oil/gas prices.
This morning, despite DOE’s servers being reportedly fried, they managed to report that the US released 6.9 million barrels of crude from its Strategic Petroleum Reserve (SPR) last week (~985,000 b/d). – READ MORE
Biden’s Gas Price Problem Could Get Worse As Oil-Producing Country May Suddenly Take All Operations Offline – President Joe Biden is throwing almost everything at the wall that he can to try to bring down gas prices in the U.S.
Despite his efforts to alleviate pain at the pump, it seems he just can’t catch a break and could soon see another setback stemming from issues out of his control. – READ MORE
Oil Giants Warn Of Much Higher Prices For The Next 3-5 Years Amid Lack Of Supply – It wasn’t just the epic confusion unleashed by the Biden admin in the past few days over how to lower record gas prices (suggesting that Biden really has no idea what the 79-year-old president is doing), that sparked today’s jump in crude oil and surge in energy names.
Providing some bullish support for the oil cash, in his latest weekly note, Bank of America’s energy analyst Fernando Blanch writes that even if the world goes into recession, Brent oil could average more than $75/bbl next year. – READ MORE
Joe Biden Plans to Take ‘Millions of Cars Off the Road’ to Reduce Oil Consumption – President Joe Biden on Wednesday again promoted his infrastructure dreams of taking people out of their gas-powered vehicles and putting them on trains and other forms of public transit.
“We’re investing almost $100 billion in public transit and rail, for all the studies show that it will take millions of cars off the road and significantly reduce pollution if there’s a serious transportation system available,” he said. – READ MORE
Solar Panels Produced 1.9% as Much Energy as Fossil Fuels in 2021 – Solar panels produced only 1.9 percent as much energy in the United States in 2021 as did fossil fuels, according to data published by U.S. Department of Energy.
When the energy produced by windmills is added to the energy produced by solar panels, those two sources combined produced 6.2 percent as much energy as fossil fuels in 2021. – READ MORE
German Vice-Chancellor “Drastically Reduces” Time In Shower To Cope With Energy Crisis – German Vice-Chancellor and Economy Minister Robert Habeck spoke with Der Spiegel magazine about the need for German citizens to shower less to overcome the worst energy crisis in a generation.
When asked by Der Spiegel about “saving energy in our day-to-day lives,” Habeck responded by saying to shower less. – READ MORE
Bill Gates and Elon Musk: The Battle of the Climate Change Hypocrites – Bill Gates and Elon Musk are having yet another billionaire food fight, this time over climate change.
Musk accused Gates of not being a serious climate reformer because he shorted Tesla’s stock. Gates was quick to swipe back, stating that he gives “a lot more money to climate change than Elon or anyone else.” – READ MORE
Next up for government waste? $22 billion virtual-reality system – The U.S. Army is testing new technology for troops that integrates virtual reality into combat goggles to give soldiers more information on the battlefield.
In testing the equipment, troops were surveyed on many aspects of the equipment. However, one omission was assessing how much the Army would actually use it, which according to a Department of Defense Office of Inspector General report, could waste $22 billion. – READ MORE
Just How Much Federal Pork And Waste Are Your Tax Dollars Funding. – The ever-rising national debt just surpassed $30 trillion this year – at least $91,613 for every person in the U.S. So, just how much federal waste, silliness, weird or unnecessary spending are your tax dollars funding?
Delving into the trillions of dollars in annual spending, our auditors at OpenTheBooks.com, recently examined Washington’s discretionary spending—beyond such big-ticket items as health, welfare and defense. – READ MORE
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