What Happens When The Oil Economy Collapses?
The question is simple and stark, but there will be a gradient of effects, and side-effects, and after-effects. As the oil economy collapses, the world will change. And it will change a great deal.
The question is simple and stark, but there will be a gradient of effects, and side-effects, and after-effects. As the oil economy collapses, the world will change. And it will change a great deal.
When you think of healthy democracies, you definitely think of petrostates, right? The question is, is the Republican Party treating the US as a petrostate?
Members of the Republican Party sitting in Congress have been particularly good at sticking with the “party line” on a wide range of issues — even when that means pouring more pollution into their constituents’ throats, working to increase the number of superstorms that slam the East Coast and the dramatic droughts that destroy the Southwest, voting through health care bills or amendments that make it much more expensive for normal Americans to get health care (apparently, just so the richest among us can keep more money in overinflated bank accounts), and pretending Donald Trump’s potentially corrupt connections and actions in regard to Russia wouldn’t have their faces exploding with range if it had been Obama in such a situation.
Governor Jerry Brown and legislative leaders hail the Governor’s plan to fix roads, freeways and bridges across California as a “landmark transportation investment,” but a prominent consumer group says Brown’s gas tax to fix roads should come out of oil companies’ windfall profits — and not out of consumers’ wallets.
ConocoPhillips joins a growing list of energy companies winding down operations in Canadian tar sands oil fields…or not.
Royal Dutch Shell just inked a big deal to ratchet down its interest in Canadian tar sands oil, but Shell still has its eye on the natural gas prize.
Fossil fuel companies pumped more than $5.1 million into British Columbia’s elections between 2008 and 2015. 92% of that money was given to the BC Liberal party, which was in office throughout that period. The remainder went to the leading opposition party, the New Democratic Party (NDP). A new report from the Centre for Policy Alternatives, Mapping The Political Influence, examines the funds and lobbying data to get answers. The ever-running question is, what do fossil fuel companies get for their campaign investments?
Energy companies are beginning to bail on Canada’s tar sands oil fields and even Koch Industries is joining the rush out the door — or maybe not.
Osama bin Laden must be laughing in his grave, as the saying goes.
The rich are an unfortunate bunch — nobody wants to give them a helping hand, nobody wants to give them some charity. Except the Republican Party, that is.