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 sellout 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. (Click here for the rest of this article)
The struggles this worthwhile project is experiencing are a perfect illustration of the downside of the energy industry's heavy-handed political ways, its penchant for half-truths and sins of omission, its unholy alliance with the Republican Party, and the need to rebuild its broken bond of trust with the 99%.
The American public deserves better.
On the one side, we have an array of environmental interests holding energy projects hostage to sometimes impossible environmental standards. They have a vested interest in waging this battle because of past environmental damage, because the American public doesn't trust its own energy industry, and because the attendant media attention boosts donations from a population that doesn't fully appreciate what fuels its laptops, cars, lights and hot water heaters.
On the other side, we have a profit-driven energy industry that sometimes seems incapable of telling the truth and regularly subverts representative democracy via legalized political bribery. The ridiculous job creation and energy security claims emanating from energy trade groups, like the American Petroleum Institute and the American Fuel and Petrochemical Manufacturers, are meant to mislead the public about Keystone. Not to educate.