Best of the Week
Most Popular
1. Five Charts That Show We Are on the Brink of an Unthinkable Financial Crisis- John_Mauldin
2.Bitcoin Parabolic Mania - Zeal_LLC
3.Bitcoin Doesn’t Exist – 2 - Raul_I_Meijer
4.Best Time / Month of Year to BUY a USED Car is DECEMBER, UK Analysis - Nadeem_Walayat
5.Labour Sheffield City Council Election Panic Could Prompt Suspension of Tree Felling's Private Security - N_Walayat
6.War on Gold Intensifies: It Betrays the Elitists’ Panic and Augurs Their Coming Defeat Part2 - Stewart_Dougherty
7.How High Will Gold Go? - Harry_Dent
8.Bitcoin Doesn’t Exist – Forks and Mad Max - Raul_I_Meijer
9.UK Stagflation Risk As Inflation Hits 3.1% and House Prices Fall - GoldCore
10.New EU Rules For Cross-Border Cash, Gold Bullion Movements - GoldCore
Last 7 days
Pension Crisis And Deficit of £2.6 Billion At Carillion To Impact UK - 22nd Jan 18
Two Factors for Gold That You Don’t Want to Miss - 22nd Jan 18
Why You Must Own Silver in 2018 - 22nd Jan 18
This Could Be The Hottest Mining Stock Of 2018 - 22nd Jan 18
Stock Index Trend Trade Setups for the SP500 & NASDAQ - 22nd Jan 18
Stock Market Deceleration / Distribution - 22nd Jan 18
US Markets vs Govt Shutdown: Stock Markets at all time highs - 22nd Jan 18
Land Rover Discovery Sport - 1 Month Driving Test Review - 22nd Jan 18
Why should you use high-quality YouTube to mp3 converter? - 22nd Jan 18
Silver As Strategic Metal: Why Its Price Will Soar - 21st Jan 18
Stocks, Gold and Interest Rates Three Amigos Ride On - 21st Jan 18
Why Sometimes, "Beating the S&P 500" Isn't Good Enough - 21st Jan 18
Bunnies and Geckos of Sheffield Street Tree Fellings Protests Explained - 21st Jan 18
Jim Rickards: Next Financial Panic Will Be the Biggest of All, with Only One Place to Turn… - 20th Jan 18
Macro Trend Changes for Gold in 2018 and Beyond - Empire Club of Canada - 20th Jan 18
Top 5 Trader Information Sources for Timely, Successful Investing - 20th Jan 18
Bond Market Bear Creating Gold Bull Market - 19th Jan 18
Gold Stocks GDX $25 Breakout on Earnings - 19th Jan 18
SPX is Higher But No Breakout - 19th Jan 18
Game Changer for Bitcoin - 19th Jan 18
Upside Risk for Gold in 2018 - 19th Jan 18
Money Minute - A 60-second snapshot of the UK Economy - 19th Jan 18
Discovery Sport Real MPG Fuel Economy Vs Land Rover 53.3 MPG Sales Pitch - 19th Jan 18
For Americans Buying Gold and Silver: Still a Big U.S. Pricing Advantage - 19th Jan 18
5 Maps And Charts That Predict Geopolitical Trends In 2018 - 19th Jan 18
North Korean Quagmire: Part 2. Bombing, Nuclear Threats, and Resolution - 19th Jan 18
Complete Guide On Forex Trading Market - 19th Jan 18
Bitcoin Crash Sees Flight To Physical Gold Coins and Bars - 18th Jan 18
The Interest Rates Are What Matter In This Market - 18th Jan 18
Crude Oil Sweat, Blood and Tears - 18th Jan 18
Land Rover Discovery Sport - Week 3 HSE Black Test Review - 18th Jan 18
The North Korea Quagmire: Part 1, A Contest of Colonialism and Communism - 18th Jan 18
Understand Currency Trade and Make Plenty of Money - 18th Jan 18
Bitcoin Price Crash Below $10,000. What's Next? We have answers… - 18th Jan 18
How to Trade Gold During Second Half of January, Daily Cycle Prediction - 18th Jan 18
More U.S. States Are Knocking Down Gold & Silver Barriers - 18th Jan 18
5 Economic Predictions for 2018 - 18th Jan 18
Land Rover Discovery Sport - What You Need to Know Before Buying - Owning Week 2 - 17th Jan 18
Bitcoin and Stock Prices, Both Symptoms of Speculative Extremes! - 17th Jan 18
So That’s What Stock Market Volatility Looks Like - 17th Jan 18
Tips On Choosing the Right Forex Dealer - 17th Jan 18
Crude Oil is Starting 2018 Strong but there's Undeniable Risk to the Downside - 16th Jan 18
SPX, NDX, INDU and RUT Stock Indices all at Resistance Levels - 16th Jan 18
Silver Prices To Surge – JP Morgan Has Acquired A “Massive Quantity of Physical Silver” - 16th Jan 18
Carillion Bankruptcy and the PFI Sector Spiraling Costs Crisis, Amey, G4S, Balfour Beatty, Serco.... - 16th Jan 18
Artificial Intelligence - Extermination of Humanity - 16th Jan 18
Carillion Goes Bust, as Government Refuses to Bailout PFI Contractors Debt and Pensions Liabilities - 15th Jan 18
What Really Happens in Iran?  - 15th Jan 18
Stock Market Near an Intermediate Top? - 15th Jan 18
The Key Economic Indicator You Should Watch in 2018 - 15th Jan 18
London Property Market Crash Looms As Prices Drop To 2 1/2 Year Low - 15th Jan 18
Some Fascinating Stock Market Fibonacci Relationships... - 15th Jan 18

Market Oracle FREE Newsletter

6 Critical Money Making Rules

Rejecting the Keystone Pipeline

Commodities / Crude Oil Nov 11, 2015 - 12:55 PM GMT

By: OilPrice_Com

Commodities

All thinking and rational students of economics and political policy should take note of the triumphed message sent out by the CREDO Action progressive group. The strategy to organize a massive civil disobedience confrontation has been absent from the public square for far too long. However, when the cause is so ill founded and based upon foolish economic realities, the protesting activists need to rethink their falsely placed suppositions.


“Yesterday, we made history when President Obama rejected Keystone XL. Not only did he reject it, he did so acknowledging that “we’re going to have to keep some fossil fuels in the ground.”

This is a monumental shift from President Obama and his “all of the above” energy strategy. And it is a monumental victory over an oil industry whose power to imperil all of us in the pursuit of greed has been unchecked for far too long.

President Obama signed the decision, but it was grassroots activism and organizing that made it happen. Historic, sustained, relentless, nationwide, diverse, fearless, deeply committed activism, of the kind we haven’t seen in a generation.

CREDO is especially proud of the Keystone XL Pledge of Resistance — launched at a key moment in March of 2013, when we were losing this fight. Nearly 100,000 of you committed to engage in civil disobedience if necessary to stop Keystone XL. With our friends at Rainforest Action Network and the Other 98%, we organized the biggest threat of mass civil disobedience in our generation. CREDO’s CEO met with President Obama and told him face-to-face about the Pledge of Resistance. Three months later, the President announced the climate test for Keystone XL at his Georgetown climate speech, and the tide began turning.

It is stunning to consider how far we have come. What we have accomplished together in the most urgent fight we face, against one of the most powerful forces in the world.”

Such a naïve assessment illustrates just how out of touch with reality the environmental cultist doctrine has progressed. Oil is an internationally priced commodity. The WSJ cites that “Since mid-2014, the price of a barrel of crude has fallen by nearly half. The U.S. is a big reason for the oil glut. North American producers have been heavy adopters of hydraulic fracturing, or fracking, technology that has allowed oil to be pumped out of shale formations.”

Bloomberg add that, “Environmental groups said that stopping Keystone XL would slow tar sands development,  while pro-Keystone forces argued that the bitumen will still be produced and shipped either by other pipelines or rail, increasing the risk of spills and other accidents. Since the beginning of 2012, rail shipments of Canadian crude to the U.S. have risen at least 11-fold, even though they have declined recently with the oil price slump. Meanwhile, operators doubled the capacity of the Seaway pipeline, allowing more oil-sands crude to reach Gulf refineries.”

Now is a good time to clear the air and get real. The demand for oil is down even with the dramatic drop in price because the world economy is sinking into a massive contraction, if not a full-blown collapse. It is a well known fact that Buffett’s Burlington Northern Among Pipeline Winners was transporting crude and provided an alternative to complete the building of Keystone.

The notion that fossil fuel, especially petroleum based energy will suffer because of Obama’s decision to reject the XL Pipeline project is pure poppycock. Adolescent “green” aspirations of relegating the oil giants to transition into renewable technology businesses is a pipe dream. The simple reason is that global energy requirements and future needs can never be satisfied by all the failed experiments in wind, solar and geothermal.

The CREDO crowd wants to believe. How Obama’s Keystone XL rejection adds momentum to the Paris climate talks and that “the President had already made a groundbreaking climate deal with Chinese premier Xi Jinping. Coming roughly a year ago, it neutralized what might otherwise have been the biggest issue in global climate talks — that is, what China will do.”

Folks, the only reduction you will see in China’s energy usage come from the economic tumble that is a significant shock to the world’s commercial activity.

The Brits over at the Guardian writes, Keystone XL pipeline rejection signals US taking lead on climate change fight, “Climate change has become such an overwhelmingly mainstream political and diplomatic imperative that it overrides traditionally unbeatable domestic interests.” Such a disconnect viewpoint from the leftist news press seems to be exactly the kind of reporting the CREDO clan reads and accepts.

Sorry, the real reason why the globalists are allowing the imposition of a technocratic radical environmental model is to hasten the destruction of national economies. Get ready for another massive round of taxes and regulation decrees on the masses, while the supra elites are exempt from the suffering caused by mandated international dictates. The planet will be worse off with this approach.

Forlorn, Corporatocracy rules the world. Yet, even the Jacobins of the collective admits the global warming hysteria is a side show to the real power.

“As Obama was rejecting Keystone XL, his administration was releasing the text (on a corporate website) of the Trans-Pacific Partnership, the next round of secretly constructed agreements designed to give multinational corporations immunity from the restrictiveness of societal goals such as a habitable planet.

It is critical that climate activists recognize that the Paris talks are necessary but not sufficient. We must demand that all international negotiations recognize the supremacy of the climate crisis and work to claw back power from the multinationals. Without any customers, even the most efficient global corporate entity will have trouble delivering shareholder return.”

The correct and proper alliance is to find common ground to “claw back power from the multinationals”, but to base such an effort on an intellectual falsehood such as “supremacy of the climate crisis” is literal insanity. Such a diversion from factual evidence, verifiable and objective empirical research plays directly into the hand of the predatory oligarchs. The pipeline that needs to be built is the one that carries the wisdom to understand the underlying economics and political agenda of the globalist elites.

Source: http://www.batr.org/corporatocracy/111115.html

Discuss or comment about this essay on the BATR Forum

http://www.batr.org

"Many seek to become a Syndicated Columnist, while the few strive to be a Vindicated Publisher"

© 2015 Copyright BATR - All Rights Reserved

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors

BATR Archive

© 2005-2018 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in

6 Critical Money Making Rules