⚡️David Blackmon⚡️

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⚡️David Blackmon⚡️

⚡️David Blackmon⚡️

@EnergyAbsurdity

Writer, podcaster, miner of absurdities. 8th gen Texan. Contributor at the @DailyCaller, other publications. Post suggested absurdities on my timeline.

Texas Katılım Nisan 2022
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⚡️David Blackmon⚡️
⚡️David Blackmon⚡️@EnergyAbsurdity·
🚨WSJ Big Oil Earnings Breakdown: Exxon & Chevron Beat Expectations Despite Historic Energy Market Dislocation Despite the worst supply shortfall in decades (Middle East disruptions), both majors posted Q1 2026 results that topped Wall Street forecasts while prioritizing massive shareholder returns over new oil-field investments. 🧵/Thread
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⚡️David Blackmon⚡️
⚡️David Blackmon⚡️@EnergyAbsurdity·
Key Takeaways: • Both companies spent at least 45% more on dividends + buybacks than on new oil-field investments • Strong underlying ops (record Guyana volumes for Exxon, Hess integration for Chevron) offset hedge/trading timing hits from market chaos • Big Oil staying the course: capital discipline first, returns to shareholders prioritized 5/ Classic Big Oil resilience in a volatile quarter. Markets may be dislocated, but these giants are delivering cash flow and staying disciplined. #Exxon #Chevron #OilAndGas #EnergyEarnings #WSJ
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⚡️David Blackmon⚡️
⚡️David Blackmon⚡️@EnergyAbsurdity·
🚨WSJ Big Oil Earnings Breakdown: Exxon & Chevron Beat Expectations Despite Historic Energy Market Dislocation Despite the worst supply shortfall in decades (Middle East disruptions), both majors posted Q1 2026 results that topped Wall Street forecasts while prioritizing massive shareholder returns over new oil-field investments. 🧵/Thread
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⚡️David Blackmon⚡️
⚡️David Blackmon⚡️@EnergyAbsurdity·
🚨Just dropped my new op/ed at @DailyCaller: California copied Europe’s insane energy playbook. Now residents are really paying the price. Key points: • 81¢ state gas tax + 60-70¢ cap-and-trade penalty + boutique fuel mandates = pump prices routinely $2 above national average • Modeled after Europe’s $3–$4/gal in taxes & “green” levies (Germany recently hit $8.75/gal) • In-state production strangled, refineries closing/idling → CA now imports gasoline from South Korea, Bahamas & Middle East • Result: energy insecurity, embedded inflation, de-industrialization and higher costs for working families America chose lower taxes + genuine energy security. CA and Europe chose ideology over reality, and the bill is coming due. #EnergyCrisis #California #GasPrices
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⚡️David Blackmon⚡️
⚡️David Blackmon⚡️@EnergyAbsurdity·
Just as liberal Democrat New York Senator Daniel Patrick Moynihan said it would in 1968. Good to see these "expert" economists are finally catching onto the scam, 58 years too late. We need better "experts."
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⚡️David Blackmon⚡️
⚡️David Blackmon⚡️@EnergyAbsurdity·
This is so good we should have it framed and hung on our walls:
US Oil & Gas Association@US_OGA

Hello Senator from the arid desert Southwest. 5th generation Utahn from a farming/ranching family here. My ancestors settled the Great Basin, Arizona and parts of Mexico. We know a thing or two about drought. So did the early pioneers - who experienced it first hand long before the discovery adaptation of petroleum. Mormon pioneers arrived in Utah's arid Salt Lake valley in 1847. On day 1, they dammed City Creek, dug ditches to plant and irrigate dry soil & plant crops. Pioneers described the land as parched and requiring constant irrigation. They proved resilient and their community irrigation turned desert into productive farms. Brigham Young said : “We could not depend upon the rains of heaven... You need to co-operate in getting out your water from your water-ditches.” Isaac Haight (1848 journal): “Quite cold and very dry. Crops begin to suffer for want of rain.” Parley P. Pratt (scouting southern Utah): “No signs of water or fertility... sandy deserts, cheerless... barren clay.” Ephraim Green (journal, 1855): Noted extended dry periods with “no rain through the summer,” affecting crops in settlements." The reality is that severe drought has always affected the Southwest. It is cyclical in nature and we have a long history of adaptation in dry times. Periods of drought have been around long before the oil and gas industry. Fossil fuels (and the modern agriculture, irrigation, pumping, and energy they enable) are what let us feed people and manage drought impacts at scales unimaginable in pre-industrial “natural” eras. Blaming “fossil fuel pollution” for the recent La Niña period weather while ignoring history, natural cycles, and adaptation is just politics, not science. We’ll stick to the data. Droughts happen. They always have. We adapt with better tech, infrastructure, and yes—reliable energy. Not by pretending every dry spell is a man-made crisis manufactured by the industries that power America. Thank you for sharing your views. We will certainly keep them in mind.

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Prof. Steve Keen
Prof. Steve Keen@ProfSteveKeen·
We’ve covered the fertilizer nightmare at Hormuz, but here’s the real gut-punch: our oil obsession blinds us to the actual falling domino. . If war blocks the tankers, trucks idle, food rots in the fields, and cities starve. Even wealthy nations unravel fast when the wheels stop. The UK is worse: under a month of oil, zero domestic fertilizer, and 40% of food imported. No fuel means no deliveries. Meanwhile, China has buffered 450 days of petrol and 1.5 years of grain. The West’s "just-in-time" house of cards is ready to collapse unless the UN intervenes. Check the comment section for more information. #SupplyChain #EnergySecurity #FoodSecurity #SteveKeen #Hormuz #Geopolitics #EconomicResilience
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