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Leftists blame capitalism, global warming for Mexican state oil company’s Gulf fire

by American Thinker
July 4, 2021
in Business
Leftists blame capitalism, global warming for Mexican state oil company's Gulf fire

To get a whiff of just how unserious the left is, take a look at the leftist knee-jerk reaction to a recent oil fire in the Gulf of Mexico: The sea is on fire but some people *still* think capitalism can be managed. pic.twitter.com/akxbZzlNXs — Laura Pidcock (@LauraPidcock) July 3, 2021 The ocean is literally on fire.

But yeah, sure — we can’t afford climate action. pic.twitter.com/DPEziIYytw — Gavin Newsom (@GavinNewsom) July 3, 2021 “Capitalism breeds innovation”

The innovation: A literal portal to hell opening in the gulf https://t.co/HnwIjGhOiC — kait 🌈🌻 (@huicholaaa) July 3, 2021 These tweets are stupidities because while the boiling gas fire at the bottom of the Gulf of Mexico is spectacular, it hasn’t a single thing to do with either capitalism or global warming.

It’s the result of an accident from a poorly maintained pipeline owned by Pemex, the state oil company of Mexico. That’s a 100% government-owned entity that was created in 1938 based on uncompensated expropriation from private-sector energy companies.

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State energy enterprises are never capitalist, they are socialist state entities. Mexico’s is worse than most of them – even Venezuela’s state oil company has some private ownership. Mexico’s, though is a full socialist state creature with zero accountability to shareholders.

It calls to mind that it’s not capitalism, nor global warming that’s causing these accidents, but the hard fact that socialist state energy enterprises have an amazing environmental record.

In Venezuela, we see state oil company pollution on an untold scale, with this […]

Read the rest of this story here: www.americanthinker.com

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