Big Oil stocks to crash 50% by 2020

27 04 2014

Hot on the heels of Steven Kopits’ presentation, this gem turns up on the Wall Street Journal’s Market Watch website…..

SAN LUIS OBISPO, Calif. (MarketWatch) — Yes, we see 10 early warnings that Big Oil stocks are going to trigger an economic collapse by 2020, maybe 50% as gas (Petrol to you Aussies..) prices go through your SUV’s sunroof.

1. Big Oil’s conspiracy is a fracking, cracking Zen moment …

Reuters recently reported that Rex Tillerson became a party in a local lawsuit opposing a planned new water tower near his $5 million retirement ranch. Yes, that Tillerson, Exxon Mobil’s $40-million-a-year CEO. His neighbors say this eyesore will affect property values. Even Forbes’ Rick Unger couldn’t resist a dig: “The hypocrisy expressed in real life is so sublimely rich that one could never hope to construct a similar scenario out of pure imagination.” Tillerson is signaling a subtle lesson here for Big Oil as more states follow Ohio’s lead, discover there’s a real scientific link between fracking and earthquakes.

2. The bliss of delusional denial when Big Oil profits peak, slide, collapse

“Even with the most optimistic set of assumptions — the ending of deforestation, a halving of emissions associated with food production, global emissions peaking in 2020 and then falling by 3% a year for a few decades — we have no chance of preventing emissions rising well above a number of critical tipping points that will spark uncontrollable climate change,” warns Clive Hamilton, Australian economist in “Requiem for a Species: Why We Resist the Truth about Climate Change.” Soon “the Earth’s climate will enter a chaotic era … One thing seems certain: there will be far fewer of us.” What? Me worry?

3. Unprecedented profits on a road to irreversible self-destruction

The world has “1.4 trillion barrels of oil, enough to last at least 200 years,” says CEO Tom Donohue of the Big Oil-funded U. S. Chamber of Commerce Yes, 200 years of oil. Too bad it’ll kill us in 50 years, says environmental economist Bill McKibben in Rolling Stone. Why? “We have five times as much oil and coal and gas on the books as climate scientists think is safe to burn.” More will overheat Planet Earth. And over in Foreign Policy a resigned McKibben adds, “Act now, we’re told, if we want to save the planet from a climate catastrophe. Trouble is, it might be too late. The science is settled, and the damage has already begun.” The planet is on an “irreversible self-destruct path.”

4. Capitalism’s last, blind race to waste every bit of Planet Earth

Michael Klare warns in “The Race for What’s Left: The Global Scramble for the World’s Last Resources,” that “The world is facing an unprecedented crisis of resource depletion — a crisis that goes beyond ‘peak oil’ to encompass shortages of coal and uranium, copper and lithium, water and arable land. With all of the planet’s easily accessible resource deposits rapidly approaching exhaustion, the desperate hunt for supplies has become a frenzy of extreme exploration, as governments and corporations rush to stake their claims in areas previously considered too dangerous or remote.” Worse, “the race we are on today is the last of its kind that we are likely to undertake.”

5. Astronaut Buzz Aldrin: ‘You promised me Mars colonies, I got Facebook’

We’re not even trying to solve the big problems of the future, warns Jason Pontin editor-in-chief of the MIT Tech Review in “Why We Can’t Solve Big Problems.” Reason: Because our leaders kowtow to myopic science deniers and Big Oil billionaires with zero moral conscience. America’s lost the ability to think long-term, lacks think-big leaders. And Silicon Valley’s leading innovators prefer social media problems like Facebook, Twitter, Instagram, Farmville and X-Prize PR hits, while Big Pharma solves the world’s great erectile-dysfunction pandemic.

6. Big Macs in 2014, but in 2050 Earth can’t feed predicted 10 billion

Yes, the future is bleak. Fortunately, denial is a great tranquilizer. Jeremy Grantham’s GMO firm manages $117 billion. Research at his Grantham Institute for Climate Change tells us Earth can’t feed the 10 billion people predicted in 2050, three billion more than today: “As the population continues to grow, we will be stressed by recurrent shortages of hydrocarbons, metals, water and, especially, fertilizer. Our global agriculture, though, will clearly bear the greatest stresses,” a burden on productivity.

7. Soon we’ll need six planets to survive, even with no new little babies

In “Collapse: How Societies Choose to Fail of Succeed,” anthropologist Jared Diamond says “what really counts is not the number of people alone, but their impact on the environment.” Developed nations consume 32 times more resources, dump 32 times more waste than do undeveloped nations. If all 7 billion inhabitants of the planet consumed resources at America’s level, we’d need the resources of six Earths to survive” today!

8. Yes, humans are the new dinosaurs, building our own ‘Jurassic Park’

Writing in American Scholar Nobel physicist Robert Laughlin’s “The Earth Doesn’t Care If You Drive a Hybrid!” Or recycle. Or eat organic food. Or live in a green house powered by solar energy: “Earth didn’t replace the dinosaurs after they died” in the last great species extinction 65 million years ago, she “just moved on, became something different.” Laughlin says “humans have already triggered the sixth great period of species extinction in Earth’s history,” buying gas guzzlers, investing in Big Oil, forever in denial of the widening gap between endless growth and more babies living on a planet of vanishing resources.

9. Paradox: Yes, economic growth is accelerating the death of capitalism

Underlying many dark predictions of 2050 is our narcissistic self-destructive ideology of capitalism. In Foreign Policy, Yale’s Immanuel Wallerstein put the 2008 crash in context: “The Global Economy Won’t Recover, Now or Ever.” Our “capitalist world economy has been in existence for some 500 years … functioned remarkably well. But like all systems, it has moved … too far from equilibrium.” Now the only real “political struggle is over what kind of system will replace capitalism, not whether it should survive.” So what, me worry?

10. Capitalism’s doomsday cycle oblivious of bigger crash than 1929

After the last meltdown, former IMF chief economist Simon Johnson and Peter Boone co-authored “The Doomsday Cycle Turns: Who’s Next?” In one short generation “we have built a financial system that threatens to topple our global economic order.” We let “an unsustainable and crazy doomsday cycle infiltrate our economic system.” But this doomsday “cycle will not run forever,” they warn. “The destructive power of the down cycle will overwhelm the restorative ability of the government, just like it did in 1929-31.” In 2008 “we came remarkably close to another Great Depression. Next time, we may not be so lucky.” Since then Johnson, co-wrote the best-seller: “13 Bankers: The Wall Street Takeover and the Next Financial Meltdown.”

Fortunately, you’ll never see it coming. Denial really is a wonder-drug tranquilizer. So why worry, lighten up. Focus on the Wall Street banker in Mankoff’s cartoon. Meditate, his bullish guidance will lift your spirits: “While the end-of-the-world scenario will be rife with unimaginable horrors, we believe that the pre-end period will be filled with unprecedented opportunities for profit.” And so it is … for today … until Big Oil stocks start plunging …

Paul B. Farrell is a MarketWatch columnist based in San Luis Obispo, Calif. Follow him on Twitter @MKTWFarrell.

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Ten signs that the Matrix is losing control over the people

27 04 2014

You can feel it in your bones……  the Matrix is running out of puff.  How it pans out, nobody knows, but the signs are nowhere clearer than in the USA where this piece below comes from.  Make no mistake, Australia is but a few years behind, especially with the adults morons in charge at the present time.

Here are ten signs that the elite are losing control over the people:

1. Official lies no longer effective:

The lies they tell simply don’t work anymore. There was a time when official lies, especially about war and peace, were believed. Because, after all, how evil would it be to lie about such things? Generally people want to believe they are being told the truth when life and death is at stake. The boy who cried wolf has cried one too many times. Even if they told the truth at this point, very few would believe them.

2. No confidence in politics:

 US politicians have a paltry approval rating. The trust in government is at all-time lows here and around the world. Mainstream polls show only 10% of the public has confidence in Congress. In other words, 90% don’t believe in them to be competent to govern.

Watch this Town Hall exchange below where a man threatens US Senator John McCain with arrest for treason to his face. This would have never happened just a year or two ago:

3. No confidence in media:

 The most recent polls show that 77% of the population no longer trusts corporate TV news. Is it any wonder why the establishment media failed to sell the lies about the alleged Syria chemical event?  With all their monopoly might over the airwaves, they can no longer claim that black is white simply because officialdom says so.

4. Bankers rejected:

 Hungary recently became the first country to follow Iceland’s lead by shedding international bankers (IMF) and is considering pursuing prosecution of past prime ministers who enslaved the people with debt. Look for this trend to continue even if nations decide to default to break free.

5. Vatican abruptly cleaning up its act:

Under the previous Pope, Pope Benedict, scandals erupted from the Vatican ranging from covering up pedophile priests to money laundering and fraud. Benedict, in an unprecedented move, abruptly retired to make way for a seemingly much more likeable Pope Francis. Pope Francis by all measures is working furiously to reclaim the church’s peaceful and humble reputation. Whether this is genuine or a PR move, it’s telling that the church was forced into such a drastic turnaround to save itself from losing all credibility.

6. Mutiny among soldiers:

 Finally. Soldiers, who are outlawed from making political statements, are steadily speaking out against US military adventurism. As Einstein famously said “The pioneers of a warless world are the young men (and women) who refuse military service.”

7. Militarized police state:

 One of the darkest signs that the elite are losing their grip on power is the construction of the militarized police state specifically trained to combat domestic civil unrest. Local cops with tanks and other combat gear are working with Feds at Fusion centers, active Army units are on American soil for the first time in history, the NSA spy grid is being used by the IRS and DEA, and the elimination of due process for Americans under the NDAA are just some of the tyrannical moves made to secure the elite criminals from public backlash. They’re clearly scared, and they should be given what they’ve done to the American people and the Constitution.

8. Serious secession movements everywhere:

 A state seceding from a larger political entity used to be an ultra-fringe concept, until now. In America, secession movements are winning over the public in parts of Colorado and California. In Europe, serious secession movements are happening in Spain and Scotland, as well as several EU nations flirting with the idea of dropping out the the euro. Decentralization = Entropy!

9. GMO food being rejected everywhere:

Control the food and you control the people. True in theory, but much more difficult in practice. GMO leaders like Monsanto are being exposed. All of their economic and political strength cannot defeat the spread of knowledge about the dangers of pesticide-soaked Frankenfoods. GMO fields are being burned in protest in America and around the world, informed nations continue to reject their products, and labelling laws are gaining traction.

10. Cannabis liberation:

 Many reading this will think marijuana legalization is a superficial development. However, it is a major signpost that the elite’s grip is fading.  Enormous resources have been spent to keep cannabis illegal. Cannabis has been a powerful medicine for physical, mental, and spiritual health throughout the ages. This single plant represents a huge threat to the power structures and their industries, hence its seemingly senseless illegality. The approaching global reversal of the tyrannical policy of prohibition is the first of many concessions to come.

Source: activistpost.com

Via: Collective Evolution