Post by
stebo0728 »
https://forums.nicoclub.com/stebo0728-u126596.html
Sun Jan 22, 2012 1:56 pm
Here's the progression, if you're interested to know.
First, this bill kicks off, the board begins imposing 100% tax on companies within the gas/oil industry. This of course obliterates their overhead, making it completely pointless to stay in business. Eventually the first one declares they are closing their doors, now the cost of doing business exceeds any reasonable expectations of return. Now there is one less competitor in the market, 20000 jobs have been lost, worldwide I might add, as the company has global interests that have now closed down. Since this company refined about 10% of the gas and 15% of the diesel coming into the US, the supply drops, natural market forces drive the price of gas higher. Soon another company decides to follow suite, now Congress begins to squirm a bit. Another large chunk of jobs are lost, as well as another 10% or so of the supply. Determined not to let this spiral out of control, Congress convenes in an emergency session, and passes a new law, which forbids gas/oil companies from going out of business. It is now punishable by federal prison for a board of directors to declare their company out of business. In about more weeks, suddenly the entire board for Company C has up and disappeared. Although still technically "in business" its production grinds to a halt within a week. Employees dont recieve their paychecks, now its a ghost in the shell. Congress again convenes in an emergency session, even Chucky Sheumer makes it in, and this company is declares property of the federal government, and a group of appointees are placed in control of the company. By now of course, we are pissed by used to $8 a gallon gasoline, and $9.50 a gallon diesel. It costs $30 to ship a 1 pound box to your niece in the next state. Shipping costs have also decimated other markets, $20 bag of potatoes, $10 gallon of milk, $5 loaf of bread, and so on. Congress decides to mandate that their new company sale their fuel to stations for half the normal price, to ease tension. Well this helps a bit, but this particular company only provides about 10% of diesel comsumption, and since FedEx subsidiaries were contracted buyers, they end up getting the majority of the cheap diesel. Additionally, as this cheap gas hits the streets, it hits in limited supply. You can imagine seeing $4 a gallon gas at 2 of the 12 stations in your general area, what the result of that might be. At both of these stations, the normal becomes riots, looting from the vendor, as he's too busy dealing with the riots. The gas doesnt last long, and as it were, the company cant keep up with production. Now your local "cheap" station only gets gas supply on tuesday, and only about 20000 gallons, which lasts till midday wednesday. The areas around these stations are the new ghetto of town. Some towns even see gang violence increase, in a means to "street control" the cheap gas. Now in about 6 months of this, eventually its realized that this company cant pay its bills, its been selling gas for half price, who knew! Faced with a new dilemma, Congress decides to take a new bold step. First, an allocation of SS funds are directed to the company to keep it afloat, then secondly, a bill is structured, and rather quickly passes, that places crude oil and several of its components as national resources, controlled and dispursed at the hand of a new presidentially appointed board of 3, of whom none can have financial ties to the resources in question.
Do I need to continue....?
And, now our such exports exceed our imports: