Crazy story just in from the US

[But then aren’t they all?]

.

A new company floated

On the Market on the 15^th July

Saw shares initially valued at $7.80

And now, less than a month later,

They’re trading at $1679!

The company didn’t exist in 2018,

Only generated $25m revenues in 2021

And now has a market capitalisation

Of $310 Billion!

Makes it bigger than CostCo and Shell

Only just short of Walmart and Exxon.

.

No, they haven’t come up with

An instant solution

To our energy or climate change woes

In fact, the company cites

No change in its ‘material circumstances’

Since the July IPO.

In other words, not even they

Have the slightest clue as to the reason.

.

‘Experts’

[As if there are any in the realm of the surreal]

Seem to be explaining it

As a case of Lemmings

Heading over the quick-buck cliff

At the pied-piping

Of online messages gone viral.

‘Buy-in…! Pile-in…!

Buy-in…! Pile-in…!’

…. And it would seem ‘they‘ did! ….

Whoever this ‘they‘ might be..

.

The World Bank records

A 26% energy cost rise

In January to April this year.

That adds a cool $1000

To all of our annual bills

[And that’s just inside our homes

It takes no account of the rising prices

Of everything we consume –

All those things require energy too:

Extraction… Production… Transportation…!]

.

The artificial [gamble-only] ‘value‘

Of that one company alone could pay

Those real, extra, energy costs

For just about every household in

The US and all EU countries combined!

.

With the effect of the war in the Ukraine,

Current best estimates suggest that

Oil corporation profits

Will be up by at least 70%

[What’s the old adage?

It’s an ill wind that blows nobody any good].

Theoretically, these windfalls could perhaps

Wipe out the annual energy-cost increases

Faced by the rest of the world’s households.

.

Instead, the majority of these profits

Are almost certainly going to remain

In the bottomless pockets

Of stinking-rich shareholders.

.

Tears for Fears had it right:

It really is a ‘Mad World’.

They’re making the little man ‘Eat Cake‘.

Have a care with the Camel’s Back:

[That proved to be a strategy

For system-extinction once before…]

… The next straw just might be the last …

.