OPEC fracks us 1 of 3

OPEC FRACKS US

*
Note: I don't know about you'all but I'm having a heck of a time typing out a comment.  My broadband connection is fine for games and Netflix so I'm assuming the fault lies with Blogger.  Typing is slow and letters are dropped.  I took to using my WP and cutting and pasting into the comment box.  Sorry if this is ailing you.
*

We are bombarded daily with theories writ large across the InterWeb, largely based on cranial-rectal inversion syndrome ( CRIS ).  Most of them you can just ignore as they are obviously written by someone with a journalism degree from National Enquirer Magazine University.  Some gain traction only because their authors were accredited by a sanctioned education institution which is obvious nonsense but most rational people understand the powers that be have a vested interest in its dissemination and so it does little good to argue against it (  examples, such as Keynesian economics, growth paradigm, America still being a Republic or ever being a democracy, astound and delight a few out there ).   Some seem to be a combination, a CRIS theory suddenly appearing across the whole landscape and seemingly believed by one and all.  One which makes my gums bleed every time I run across it is the silly notion that Saudi Arabia, and hence OPEC, are deliberately jacking the cost of oil downward in order to destroy the US fracking industry.

*

As we just discussed, the global economies have finally slowed down enough, despite years of central bank digital cash infusion, that China is drastically slowing down in its export sector which is accounting for every swinging cheese dingus and his brother out there needing to use LESS oil and hence the price is dropping.  Unemployment met with demand destruction and had a mutant evil baby called global economic collapse.  But, as we shall discuss, people that talk about the Growth Paradigm ending are pretty much like those folks who wouldn’t say “crap” if their mouth was full of the substance.  Rather, we get fantasy and excuses and everything in the book of alibi’s thrown at the issue in a vain attempt to evade slaughtering ones sacred cow.  The Saudi Manipulation theory ignores quite a few variables.  Such as, the frackers were probably subsidized from the start.  The Saudi’s wouldn’t intentionally cut revenue as their expenses were rising.  Fracking was never enough of a challenge to conventional petroleum anyway.  This was an obvious and embarrassing attempt to cover up the dramatic end of The Thousand Year Reich Of American Energy Independence.  This theory is a nice defense of Infinite Growth.  And last, how is it that after a hundred years, suddenly cheap oil is bad for the economy?

*

Taking the first point, subsidized fracking, I’m not sure why this is hard to believe after witnessing the fiasco of the ethanol program.  Not being an accountant, nor playing one on television, I haven’t delved into tax credits or the like so I’m not stating with certainty that the government did indeed artificially create this sector.  Given that the entire energy sector receives such favors as a way to buy off the masses with cheaper energy I’d actually wager a slight bit of coin on it, but at this point it is a supposition.  I’m also of the firm belief that our banking establishment had a hand in subsidizing the industry, given the role increasing energy has in  growing the economy.  In effect, made up pretend money for real energy ( but, again, a supposition ).  Without knowing all the details I still believe subsidization is a pretty darn good bet.

*

Continued tomorrow.

END

Please support Bison by buying through the Amazon ad graphics at the top of the page.  IF YOU DON’T SEE THE AD, DISABLE AD BLOCK ( go to the Ad Blocker while on my page and scroll down the menu to “disable this site” ). You can purchase anything, not just the linked item. Enter Amazon through my item link and then go to whatever other item you desire. As long as you don’t leave Amazon until after the order is placed, I get credit for your purchase.  For those that can’t get the ads because they are blocked by your software, just PayPal me occasionally or buy me something from my Amazon Wish List once a year. Or, buy the monthly magazine.  Pay your author-no one works for free.  I’m nice enough to publish for mere Book Money, so do your part.

*  My monthly newsletter: search at Amazon under Kindle “Malthusian Survivalist Newsletter”.  * 
*Contact Information*  Links To Others*  Land In Elko*  Lord Bison* my bio & biblio*   my web site is www.bisonprepper.com
*My books: http://bisonprepper.blogspot.com/2015/04/my-book-links.html
* By the by, all my writing is copyrighted. For the obtuse out there