Divesting in Crude Oil Guarantees Shortages and Inflation
16th December 2021
President Biden continues to do everything possible within his executive powers to restrict the domestic supply of crude oil, even though it’s inconceivable that we would divest away from crude oil, just because 2 of the products manufactured from crude oil are gasoline and diesel fuels for the short-range and light-weight equipment like cars and trucks.
As environmental, social and governance (ESG) factors climb up the agenda there is a lost reality that the primary usage of crude oil is NOT for the generation of electricity, but to manufacture derivatives and fuels which are the ingredients of everything needed by economies and lifestyles to exist and prosper.