Daily Shaarli
November 24, 2021
To better compete in the country’s northeast corridor, the two airlines teamed up and decided to share flight lanes and revenue. In this region, American and JetBlue were underdogs against United and Delta, and they did as underdogs do: joined forces to increase their market share and better serve customers. //
It should be noted that this agreement was sent to the Trump administration’s DOJ for its blessing — where it passed, because the administration knew this was just how business works in the United States. //
And on the merits of the anti-trust action itself? This one’s easy: The United States does not currently have a problem of concentrated corporate power. We have fresh evidence for this. In the last few months alone, massive, multi-billion-dollar companies — GE, Toshiba, and Johnson & Johnson — have announced that they are splitting up into component, independent firms. They’re doing so because of business strategy, but the fact that they’ve done so is all the evidence we need that the US market economy is functioning as it should. Put more directly: Market forces are doing just fine without Merrick Garland’s guiding hand to help us.
It was created as a major national security asset in 1975 after Arab oil producers halted exports to the U.S. for resupplying Israel’s military during the Yom Kippur War of 1973, which they lost.
The Reserve, however, was intended for real emergencies, not PR stunts. In 2011, Barack Obama, the Nobel Peace Prize winner who was busy bombing Libya’s Moammar Gaddafi out of office, released 30 million barrels to cover supply disruptions.
George H.W. Bush released 17 million in 1991 for similar disruptions during the first Gulf War and his son released 11 million barrels to bolster regional supplies after Hurricane Katrina in 2005.
Joe Biden’s “genuine emergency” is of his own making — the continued plummet in job approval tied to the continued rise in gas prices.
That strategic reserve is an immense stash of oil purchased at lower prices by savvy previous presidents, including most recently Donald Trump, and pumped into salt caverns deep underground at four sites in Texas and Louisiana. Currently, it contains some 612 million barrels of oil of its maximum 714 million.
That can seem like a lot of oil; though it’s barely enough to fuel the country for six months. //
(A barrel of oil, by the way, contains about 42 gallons, which through refining produce roughly 20 gallons of gasoline, 12 gallons of diesel, four gallons of jet and rocket fuels, and other material like asphalt.) //
Biden’s all the time talking about an end to fossil fuels. All of which reduced supplies and market confidence while boosting fears of future shortages, which in turn boost prices.
When Biden was elected, the average gallon price of gas was $2.11. When he took office, it was $2.24, two months later $2.71, by May $2.89, July $3.12, September $3.17, today $3.39. Some California pumps now charge more than $5. //
Borrowing 50 million barrels from a strategic oil reserve for political purposes is a useless exercise, even if other countries do the same on a smaller scale. It’s not going to change anything. And the reserve will be refilled at higher prices.
First of all, it’s a drop in the barrel, literally. May seem large, But it’s merely eight percent of the reserve. That’s less than three days’ average U.S. domestic oil use and only 44 hours of OPEC production.
A new book investigates the truth behind famous quotations that have been wrongly attributed, misremembered, garbled in translation—or are flat-out fake.
The wireless telegraph is not difficult to understand. The ordinary telegraph is like a very long cat. You pull the tail in New
York, and it meows in Los Angeles. The wireless is the same, only without the cat." - Albert Einstein ///
Possibly apocryphal, like m good quotes
Lauren Boebert
@laurenboebert
To get a sense of how large Biden wants to grow our IRS.
@ElonMusk
’s Tesla has about 70,000 employees.
@Apple
has around 154,000 globally.
Biden wants our IRS to have 170,000 employees.
An increase of 87,000 supposedly to monitor the 614 billionaires in America.
7:50 PM · Nov 21, 2021
“He has erected a multitude of New Offices, and sent hither swarms of Officers to harrass our people, and eat out their substance.” -from the Declaration of Independence
Look, you know the drill. Billionaires don’t pay their “fair share” of income taxes because most of their money isn’t income. Mostly, they own paper wealth — the value of the shares of the companies they founded.
They also have tax lawyers who eat IRS agents for breakfast.
So, no, Presidentish Joe Biden’s additional 87,000 agents won’t be going after Elon Musk or Jeff Bezos.
They’ll be going after middle-class taxpayers because we’re appealing for two reasons:
We have just enough means to pay up
We don’t have enough means to fight the IRS
Biden would send hither swarms of officers to harass our people and eat out their substance.
But can you blame him? It isn’t cheap buying 81 million LOL votes, so Biden needs to rob the middle class because that’s where the money is (and the lawyers aren’t).
That’s why Insanity Wrap is announcing our 2024 presidential campaign, starting today.
If elected, Insanity Wrap will reduce the entire IRS to one guy named Phil, who has narcolepsy, short-term memory problems, and tends to drink too much.