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Author Topic: Corruption in Government  (Read 9549 times)

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AGelbert

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Re: Corruption in Government
« Reply #645 on: April 12, 2018, 07:47:01 pm »
Quote
AG: The economics of fossil fuels has been brain dead stupid for several years now. Corrupt government handouts and subsidies is the only thing keeping those bastards in business, whether you peak oil folks want to believe that or not.

I have been saying that for ages: the only reason fracking continues is because the Fed guarantees the commercial bank's loans to the frackers, despite their business case not adding up.  This because Amerikans are addicted to oil and that is the only way to keep BAU ticking over.

I agree with you on this, but I do not think you are stating the whole story. The "addiction" to fossil fuels is certainly not limited to the USA. About 17% of the world's population is "addicted" to dirty energy. The following graphic may be a bit dated because China's thirst for fossil fuels has grown a LOT, but you can see that population itself is not the problem:



I believe that the gaming of markets on behalf of all types of fossil fuels is the sad legacy of government corruption. You accuse Americans of being addicted to oil. True. But, the drug pusher that got them (I am NOT addicted to oil - they would be bankrupt if they had to rely on my use of fossil fuels for the last 30 years  8)) "addicted" was the US Government, a subsidiary of Standard Oil for over a century. Did you know that the ENTIRE intelligence organization for US agencies in foreign countries came DIRECTLY from the officies of Rockefeller's Standard Oil? You didn't? Well, that is a historical fact.

The tentacles of the fossil fuel industry were so engrained in US foreign and domestic policy as to be indistinguishable from Fossil fuel corrupt corporate fun and games until Renewable Energy began to make some headway in the last two decades.

Read "The Tyranny of Oil" by Antonia Juhasz to learn how ever single effort by competing energy technologies since the early 20th century have been ruthlessly and methodically crushed.

Disinformation campaigns (Government FUNDED! not just Fossil Fuel Industry funded) subsequently would make, and repeat a LOT, the bold faced BULLSHIT claim that "they weren't ready for prime time" or "they couldn't compete" or the old reliable "They didn't have enough energy density". They were all half truths at best, though more often just plain corrupt profit over people and planet "business as usual".





« Last Edit: April 12, 2018, 09:29:27 pm by AGelbert »
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