oil economy lies 7

OIL ECONOMY LIES #7

Lie #5 ( continued ).  [ lie #5: Fracking Oil has made the US energy independent ].

Now, obviously, just by visiting any gas station in the country, you can see that nobody in power is the least bit interested in halting the ethanol fiasco any time soon.  When the Kenyan House Negro promised Hope And Change what he obviously meant in New Lawyer Speak ( “what is the definition of “is”? ) was “I HOPE you understand that nothing is going to CHANGE”.  Ethanol makes corporations and banks more profitable and it is a great talking point to fool most citizens.  Just as the Roman Senators had no interest that their soil degradation program was harming the empire ( one imagines the unofficial slogan of the Rome elite was “what’s good for our business is good for Rome” but all prettied up in Latin ), so no American politician or CEO gives two craps about the future of their country outside the next business quarter or the next election cycle.  And if you are anti-profit you are a communist or a terrorist.  But as bad as ethanol was, fracking oil and gas are far worse.

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Ethanol has a built in demand, as the excuse behind its use was originally a replacement of a far more toxic and poisonous additive ( I believe it was to create less smog or something to do with winter fuel.  I’m not real sure and see little need to research the point ).  The “energy independence” aspect of it was secondary.  Whatever amount of gasoline your SUV Soccer Moms use up, you are guaranteed 10% of that will be ethanol.   Even if you overbuild plants, the effects are limited to a few farm states.  Fracking however, has far more insidious economic consequences.  Forget all the pollution issues with fracking ( and, there are many ).  Forget it was the wool over the voters eyes promising them Energy Independence and lulling them back to sleep ( how many houses and cars, at insanely inflated costs, were sold to fools believing in the Thousand Year Fracking Reich? ).  I’d be more worried about the energy sector, most specifically fracking, being tied to the Derivatives Market.  Since banks are so overextended in debt to assets, just a small failure rate can unwind the whole mess.  We already know the fracking players are going tits up, as the global demand for energy and other commodities is falling into the toilet ( nobody can afford to spend and consume anymore, outside a small percentage of the Rapers And Pillagers ). 

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And even if that fear is overblown, or turns out to be unjustified, don’t forget that the fracking fields were drying up anyway.  What the elites needed to save the global economy this time around was a restart of the Cheap And Plentiful Oil Age.  What they came up with was a limited supply of expensive oil substitute.  The once short lived abundant frack fields were already in steep terminal decline.  The global slowdown just pushed up their collapse a year or two ( which should be a lesson to everyone that you can’t time the collapse ).  Fracking is the miracle that never was.

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