Wall Street’s treasonous sonsabitches are now destroying U.S. energy security in their locust-like quest for profit growth.
Their latest move is to sell America’s fossil fuel reserves to the highest bidder and export them for foreign consumption. Our sellout Congress cleared the way during the Christmas dark period with a discreet rider buried in a big appropriations bill, ending the ban on oil exports enacted after the 1973 oil embargo.
The U.S. energy industry has used “energy security” for the past 40 years to justify pushing drilling rigs into sensitive environmental areas, like The Arctic and offshore coastal regions such as the Gulf of Mexico. It’s also been their justification for fracking – a geographically destabilizing process whereby huge amounts of water are injected into rock formations to fracture them and release the oil and gas trapped within them.
Fracking is so volatile that it causes localized earthquakes and leaves local residents with flammable drinking water coming out of their kitchen faucets.
Those hefty negatives make sense in the context of national security. Not corporate greed.
The premise behind energy security has always been that if we produce enough fossil fuel to meet our own needs we will no longer have to live in fear of the huge economic weapons wielded by The House of Saud and the rest of the OPEC price-fixing cartel. However, that premise always assumed we would consume American oil and natural gas here at home.
Why would Wall Street sell out their fellow Americans like this?
Because the U.S.-based energy companies playing this game are no longer American. They’re multinationals with no national loyalty whatsoever in a new global economic order in which corporations are people, executives and political hookers are royals, and working stiffs like you and I are a perishable commodity to be used up and discarded.
That’s why Wall Street is busily sucking the accumulated wealth out of this once great nation. They’re racing the clock before we’re leveled with developing nations like India and China, whose ctizens routinely work for the modern equivalent of slave wages.
The underlying foundation of energy security was that the U.S. was independent of the Saudi royals complicit in the 9/11 attacks, rather than their vassal state. Now that we work for them the concept doesn’t serve their puppets in the DC and NYC privilege bubbles.
There’s a reason why 15 of the 19 hijackers on 9/11 were Saudis and it’s not due to disinterest on the part of their royals, who are every bit as unhinged as their Juche counterparts in North Korea. They’re our masters now and they’re willing to wield both economic and terror weapons to get their way.
Sadly, there’s no shortage of Wall Street traitors and political hookers on K-Street who are willing to sell the rest of us out to them. Just as Houston-based Enron did with the California Energy Crisis it manufactured in 2000 and 2001 to boost its profits and share price.
The Saudi royals know that when their lackeys remove U.S. energy reserves from the ground and export them for foreign consumption they reduce our nation’s energy security. They don’t increase it.
In short, we have been undone as a nation.
Because we’re more secure with that shit in the friggin ground than we are when we pipe it up and sell it off for use outside our borders. Or store it in the big oil and natural gas hub in Cushing, Okla., so it can be used for investment purposes by Wall Street speculators betting on future price gyrations.
Selling our fossil fuels off to outsiders also artificially raises our local price at the pump by increasing the demand side of the supply and demand equation.
Sure, there are idiots on the far right who think this is great. They think it’s the vaunted “free market” at work. These are the same self-described “Masters of the Universe” who wouldn’t bail out beleaguered homeowners during The Great Recession, but fell over themselves recapitalizing Wall Street’s failed investment banks two years later.
There are also idiots on the far left who think exhausting our reserves of fossil fuels is great because it means relying more on renewable sources of energy, such as solar and wind. If only that were the case.
We’re still 30 or 40 years away from completing the transition to renewables. Until that time the average American family could easily find itself paying $8 a gallon for gasoline and $1,000 a month to heat their homes. Quite soon.
Suss it out already people. Because when you’re stupid, we’re all stupid. Me included. And I understand what’s going on.
The first export shipment of U.S. oil left Louisiana this month on a small tanker in what is clearly meant to be a test of our public will and awareness. In other words, the energy fuggs want to see if our ethically compromised mainstream news media and venal Congress can actually pull off this treasonous garbage.
If the recent past is any indication, it will sail right past you while you jack off to Internet porn, and worry about red herrings like gay rights, legalized abortion and whether you can purchase an assault rifle for home protection. Cause you desperately need to bring an assault rifle to a drone fight, while the real battle for America’s future is being waged economically and lost on Wall Street by a crew of silver spoon motherfuckers obsessed with social status.
In other words, these educated idiots don’t care if we all go down on the Titanic so long as they’re in first-class and have the last perch on the bow as it settles below the freezing waves.
These are not inherently intelligent people capable of independent thought. They are quite literally the bottom of the country club barrel.
The political hookers in DC approved these oil exports during the period around last Christmas, when they typically sneak a lot of unpalatable crap through. They buried a measure ending the decades old export ban in the $1.8 trillion tax and spending omnibus bill as a rider.
Irving, Texas-based Exxon is only using a small tanker carrying 18,000 barrels of oil for this fist shipment, instead of a supertanker that can ship 2 million barrels at a time, so they can say “it’s an insignificant amount” if they get caught. It’s a safe bet the Saudis own a boatload of Exxon stock.
We began exporting our natural gas liquids (NGL), which are akin to gasoline, in the summer of 2014. NGLs are a product of the purification process used to prepare natural gas for shipment via pipelines.
These twin moves to sell off our nation’s energy security end a ban on fossil fuel exports established in 1974, in the wake of the oil embargo OPEC imposed after the 1973 Arab-Israeli War.
Officially, this embargo was meant to punish the U.S. for supporting Israel. However, time has shown us that it was really about seeing whether the Saudi royals could get away with global price fixing, which is what cartels exist to do.
The Saudi royals formed the Organization of Exporting Countries (OPEC) with the sole goal of jacking up oil prices – which is pretty much their repressive regime’s only product.
Free markets anyone?
Don’t make me laugh.
Standard Oil and its global oil monopoly are alive and well a century after Teddy Roosevelt broke them up. They call themselves The House of Saud and OPEC now.
This kind of global trust is possible because the Davos crowd has pushed us into a global economy with no meaningful global labor protection or insider trading prohibitions whatsoever.
The moves to end the U.S. oil export ban are the best proof we will ever have that the Saudi royals have exploited the weak spot Wall Street represents in America’s national armor and used it to take us over. They own us now.
How’d they do it?
Well, the U.S. sent $5.5 trillion more in inflation adjusted dollars to the Kingdom of Saudi Arabia than it received from 2005 to 2014, according to United Nations data. Pretty much all of it for oil.
That’s a shitload of cash even for a nation like ours with a $17.8 trillion economy. There’s no way the Saudis could not assume control of the U.S. behind a shift in global wealth of such magnitude.
And let’s be crystal clear, that $5.5 trillion estimate doesn’t even take into account Riyadh’s net gains from U.S. oil sales before 2004 or any of its gains from other Western nations. Much less the money it makes by speculating in global commodity markets on the future oil prices it controls.
So much for insider trading prohibitions.
What’s an economy?
It’s the term economists use to refer to a nation’s gross domestic product, which is the combined value of all the goods and services produced within its borders in a given time period. In the United States we use a year as that time period.
If you’re a normal wage-eaner your slice of our economy is going away, and you don’t have a clue what to do about it or what’s really going on. Do you?
Here’s a clue.
It’s not Democrats or Republicans. It’s both. They’re all compromised and they all have to go.
That’s why we all have to Feel the Bern. Quick, fast and in a hurry while there’s still something left to save and he’s still alive.
Cause the assassinations of JFK, RFK, MLK and Malcolm X do not bode well for those who champion the greater good. Neither do the poltically convenient illnesses of contrarian figures like former Venezuelan leader Hugo Chavez, who recently died of cancer.
You may not see the outline of what Nixonian Secretary of State Henry Kissinger called “a helpful Saudi footprint,” but I do. Especially with the so-called U.S. Chamber of Commerce – now U.S. in name only – serving as a willing conduit for the overseas lobbying dollars buying our federal lawmakers.
If there’s one thing the House of Saud has plenty of – it’s lot and lots of our petrodollars. Along with a swarm of lackeys telling them how best to put those dollars to work.
What’s it all mean?
Hell, I don’t know. But I do know the U.S. middle class has been getting killed since the 1974 oil embargo and our own elites have been the ones doing it as they’ve shifted our society’s burdens to the 99 percent and its benefits to themselves.
And I do know that actor Matt Damon’s epic rant to the National Security Agency in Good Will Hunting is looking more and more prescient with each passing year. It’s probably been a while since you watched this 1997 film, so let us freshen up the memory for you (click on pic below left).
The only thing Will got wrong was the high price of gasoline, which he envisioned doubling to $2.50 a gallon. Prices actually topped out at a record $4.11 in July 2008. Right smack-dab in the middle of the 18-month long Great Recession created by rampant speculation and unconscionable risk taking by Wall Street.
How much is too much?
We passed “too much” back in 2000 when then Fed Chairman Alan Greenspan refused to stop the banking sector from stealing from American families via predatory lending. His thinking was that “the market” could best police fraud. Meaning that once there was a huge pile of ruined families future homebuyers would avoid predatory companies like Wells Fargo and Countrywide.
We’ve been living in Cynical Times ever since.