Galt's Gulch

The New York AG sues Exxon for Obeying Climate Regs

Posted by mshupe 6 years, 1 month ago to Government
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This is exactly what Ayn Rand described when she was talking about anti trust law.
SOURCE URL: https://www.centerforindividualism.org/at-halloween-watch-out-for-regulatory-wolves-wearing-sheeps-clothing/

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  • Posted by mshupe 6 years, 1 month ago
    This is reminiscent of you're guilty of monopoly if we think your prices are too high. You're guilty of predatory pricing if we think your prices are too low. And you're guilty of collusion if we think your prices are competitive.
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  • Posted by mshupe 6 years, 1 month ago
    Not only ridiculous, but their own justification is asinine and exposed themselves for the political hacks they are.
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    • Posted by $ Olduglycarl 6 years, 1 month ago
      The dumbest among them...always thought attorney generals were just privates in disguise...
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      • Posted by mshupe 6 years, 1 month ago
        And a great example of the weaponization of justice.
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        • Posted by Solver 6 years, 1 month ago
          Cultural marxists believe that justice is to be used as merely a tool to shape society, deconstructing that which they believe should not be.
          They are basic programmed this way. No truth, No meaning. No certainty.
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          • Posted by mshupe 6 years, 1 month ago
            Justice as a tool for what they think ought to be! Reminds me of the Is/Ought dichotomy. Rand solved it, but the SJWs can't relate what Ought to be with what Is.
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            • Posted by Solver 6 years, 1 month ago
              It is unfortunate that many of the things we should trust these days are merely being used as tools to enslave us.
              In a meanless world: News is not news. Justice is not justice. Education is not education. Science is not science. Men and women are not different. A is not A

              Very Orwellian
              Maybe even more Orwellian than Orwell imagined.
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              • Posted by mshupe 6 years, 1 month ago
                Yes, even Hayek wrote extensively about this in his Mirage of Social Justice and complained about the misuse of language and misunderstanding of terms. It seems the progressive education system has created a bunch of fools, intentionally.
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  • Posted by $ Olduglycarl 6 years, 1 month ago
    Sounds like another case of "russia collusion"...nothing there...there, therefore there must be a crime here somewhere...
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    • Posted by mshupe 6 years, 1 month ago
      Great point, there's nothing here, but our intentions are honorable, we're only trying to protect the shareholders we're trying to screw. The message is, only invest in green companies.
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  • Posted by $ janegirl 6 years, 1 month ago
    Ugh. I tried to cover this neutrally on the site I write for. The trolls came out for a feast on social media. Apparently, Exxon has upset people for a long time. Heh. This lawsuit should be fought with a simple, "We did calculate the cost of government regulation on our long-term business projections - we found it to be zero. When the science wins - either by disproving man's impact on the climate or engineering solutions to every problem presented - we will happily be making just as much damn money as before." If there's a source of energy that will make money in ways that everyone is happy with, why wouldn't a multi-billion dollar energy company have a huge role to play?
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    • Posted by mshupe 6 years, 1 month ago
      Hello Jane - very interesting comment, what is the site you write for? And I like the recommendation, fight the lawsuit with a simple statement, let reality be the judge and jury, poetic justice. And reason will deal with the result. Your last question, as you probably know, is anathema to the social justice crowd. No one should make money, particularly a multi-billion dollar energy company. To the irrational, making money is no different than fraud.
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      • Posted by $ janegirl 6 years, 1 month ago
        Hello! Oh, yes, indeed. I regularly read long Reddit/Twitter conversations involving some blend of collectivists railing against the historical "misdeeds" of capitalism. I should really use a separate account for it since the algorithms now think I want to see more of that sort of thing on my feed. The site is Teslarati.
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        • Posted by mshupe 6 years, 1 month ago
          The site you write for is Teslarati? I can only imagine how that was derived, and if I'm right, its fabulous. I also write, the blog is centerforindividualism.org, and I'm beginning a new series and plan on featuring Tesla. I'll look it up!
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          • Posted by $ janegirl 6 years, 1 month ago
            Yes, that's the site! The Tesla crowd is an interesting blend - plenty of big-gov "green" types, but plenty of capitalists, too. I came to it via the SpaceX content, originally, but if there's anything you're wondering about Tesla, those guys have covered it. They're nuts! In a good way, of course. :)

            I had already bookmarked your site to start reading through this week. Looks like some great stuff!
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            • Posted by mshupe 6 years, 1 month ago
              Nice, thanks, I looked for an article of yours, no such luck yet. And I was wrong, my first impression was Nikola Tesla, that's who I will write about. Of course he is the namesake. So being a Tesla motor car advocate, and a Rand advocate, the natural question is how do you compare Tesla with the 20th Century Motor Car Company? Or is there a comparison? This is very interesting.
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  • Posted by CircuitGuy 6 years, 1 month ago
    I just heard about it here, but I think the gov't should err on the side of not suing, in the case of Exxon or hedgies. In the case of Exxon, I'd have to know if managers suppressed information until they could sell their own shares. In the case of the hedge funds, their taking speculative positions provides liquidity. Unsophisticated investors have contempt for shorts, but it's not justified. Shorts eventually have to close their positions. It provides liquidity, decreases spreads.
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