A few months ago the largest institutional funder of fossil fuels (Black Rock) said it was permanently divesting fossil fuel because its customers demanded it due apparently to Australia burning etc., but it seems more plausible it was doing it because it saw the collapse coming and Saudi Arabia has been trying to do the same for about 3 years now- sell off all its fossil fuel holdings. They are trying to sell a burning house, one with a fire they know can't be put out. So now suddenly the US is supposed to do another in a string of endless fossil fuel bailouts this time for 480 Billion (how much of the infrastructure bill will just be more fossil fuel bailout?) Looks like trying to push a product that the world no longer needs even at gun point has run its course. Are we supposed to believe that Saudi Arabia which is trying not to fire sale its fossil fuel assets couldn't collude up prices with Russia over market share when green is killing fossil fuels and not anything else and yet it is supposedly because of these two countries were mean and managed to take out the US fossil fuel industry that it has to be bailed out again? Oh and because of CV where all these crashes happened prior? Apparently more than a million Iraqis died in the US's effort to steal its oil and occupy Iraq, maybe the 380 billion could go to the Iraqi people? When Saudi Arabia was trying to sell its oil assets at its initial IPO the price wasn't high enough so suddenly %50 of SA's processing capacity was suddenly supposedly taken off line by a missile and now only months later it is flooding the global market which would be slamming the price at which it could sell. And clearly the US trying to foist this stuff it can hardly give away while pulling Chevron out of Venuezula was doing so good with this that Black Rock could divest- hoping they went out in a major way but Black Rock didn't even give a time table for fully divesting natural gas- which is where it should start. In the 90s there were signs of another impending fossil fuel bailout, despite the Iraq 1 war and CAFE being flat retail gas outlets shrunk by 16%. These bailouts never stop because not only are fossil fuels an unacceptable form of endless deflation hedging and austerity inducement and element of ultimate wage slavery perpetuation that also causes wars and radically increases the odds of nuclear war, and not only are they a matter of control and unmitigated pork they can't even be sustained with endless massive subsides, endless massive private loans, and bailouts and non-tolling of externalities- they are unsustainable because they are thermo-dynamically broken down to their supply chain in a way that no technical fix is remotely possible because the tech that would fix the issue is always inevitably free energy tech which would instantly obviate any pretense of continuing to support the scam because we would just use the free energy tech instead. But the equivalent is happening now because battery backed roof top solar is better than hot fusion. So after signs of yet another fossil fuel collapse in the late 90s (and Clinton not allocating enough pork by creating surpluses in a way that was still problematic) then came the excuses behind the scenes and otherwise of a dot com bubble and a little later 911. So the popular election had to be overturned by the obviously corrupted supreme court and a puppet placed in office who would help the US go back into iraq for another fossil fuel bailout. But remember what the Goldman executive said about Big Oil (obviously speaking about all of fossil fuels) "big oil was never that big they had to borrow from us just to pay their dividends." So remember it takes US subsidies and borrowing from US banking institutions for the thermodynamically inherently backward fossil fuel supply chain to stay afloat. But it also takes regular massive bailouts that come in the form of various excuses and subterfuges often in the form of wars. So for instance. How would it be possible to steal Iraqs oil and benefit oil families like the Bushes. Remember the claim was W.'s dad's company was sideways drilling into Iraq to instigate the war. It would take 911. How do we get into Iraq? We do 911. Then we can also do the Enron and Afghanistan frauds. It is one endless criminal conspiracy. How many trillions were wasted on all of that which could have gone to improving the nation and the world? And remember what Trump said when he was running for office against Hillary- "the Energy sector (such a galling reference because is a phony unnecessary energy provider at best) is in shambles" as if it needed rescuing and it did because it was going bankrupt again as midwest banks stupidly insuring stranded asset bad debt shale were on the verge of bankruptcy because shale is a never ending black hole bailout stupid idea- Deutche Bank (the only bank that would lend to Trump was going under for the same reason) and here we are again after more attempts at moronic rolling black outs Bush style in CA with the so fraudulent energy sector going bankrupt and wellfare historical debtor state Kentucky's McConnel is saying let states that actually contribute taxes go bankrupt (vice suck taxes like McConnels stuck in reconstruction hand outs red state) but he wants to bailout out fossil fuels for the millionth time instead giving the employees generous early retirements. During W we get the financial meltdown supposedly caused by home loans to poor people. But we know that wasn't the case it was apparently trigged by a ponzi scheme where the same banks that would finance obviously permanently stranded fossil fuel assets (like buying land with petrol rights that would never be practical to recover) would also sell the opportunity to insure those bad debts and those fell through but they were intermingled for hostage taking purposes and camouflage with foolish variable interest rate scams . Then we would hear 75% of fossil fuel must stay in the ground to get to climate change goals. Where did that number come from? That number surely had to come even then from somewhat accurate estimates of what we beyond the reach of even subsidized leveraged fossil extraction. And that led to 16 trillion to by some recent estimates as much as 29 trillion $$ being printed by this top down fully planned kleptocracy to be given out through banking shells to fossil fuel cronies- it seems like every 10 years or less there is some massive bailout of these same people. What are they doing with the money besides burning it in austerity and climate change inducing fossil fuel wastage? And now we need an excuse to give fossil fuels 480 billion more because more fossil fuel bail out wars haven't materialized (too risky at this point) so instead we get a quite possibly weaponized strain of flu that came from a lab in China the US was sponsoring and which the French help construct to help China develop virus spotting capabilities equivalent to the US (in a lab where the head was caught up in the Swiss Red Cross) and upon the leak we have the US immediately offer a drug which the lab to try to patent that drug and we get the arrest of Gates associate Charles Liber and Gates stepping down from the boards of Microsoft and Berkshire (Gates the anti fossil fuel divestment, vaccine pushing, pro GMO guy.) Trust them the same people who push flu vaccines that don't protect people from a flu (corona virus) now want to push another vaccine- just like vaccines that don't protect vaccinated people at Disney land from measles- just look at what Japan did with vaccines to understand their true safety efficacy profiles- Japan with the best health outcomes in the world found vaccines weren't worth keeping even apparently from a public policy placebo stand point and dropped them. And look up the US Federal program for vaccine damage children and see how is paid out billions over decades to families with children destroyed by vaccines about 1 in 2000. And look up in a pediatric context how much more flue and cold illness there has been since these indemnified for -profit firms with their interlocking board have been pushing vaccines. Anecdotally in CA it is something like a 30x increase since the 70s in viral born disease incidence since they've been pushing their crap which Japan dropped so what have these manufactures of virus in the form of vaccines that effulge out of the storm drains and sicken the population- what were they hoping to do? Why are they so in a hurry to nix constitutional rights in for instance CA if they can't inject young people? Remember lead in the gas, also the radio active mike, and the nero toxic massive sugar loading of foods and the brian necroding aspartame and the diabetes inducing glyphosate and the autism inducing vaccines and the closing of county hospitals and ERs because they weren't profitable and pharma refuses to negotiate drug prices with medicare and a health car gambling addicted insurance industry (which help subsidize endless fossil fuel losses) with 2x the cost of anywhere else but worse outcomes and much less full inclusion of the populaion- that group that has proved they are untrustworthy- one that has tried violate constitutional right by forcing pediatric vaccinations, that group has shut the economy (not saying it was the wrong thing to shut it) but suggesting that the point of this is to keep another 480 billion in fossil fuel bailouts out of the head lines. And let us not forget which group was responsible for starting the death camps in WWII, it was the psychiatrists and who brought us MK Ultra- same group of people we recruited operation paper clip who became part of our system?
continued If you look at modern monetary theory the government spends the money first (provided it has a sovereign) currency then it beats around the bush with some taxes after the fact and retires currency with some bonds for a questionable inflation sheltering pittance. But really what appears to be going on here is handing money to cronies or maybe they are covering the development of a space force? But my guess is this is just cover, it is just distraction so they can give their friends money and keep that money out of the hands of people they don't like- but it is the public's future money they are handing these cronies. How can we steal Iraqs oil (which was useless and we didn't need it anyway)? Oh, 911 and call the UN obsolete if it doesn't aid abet war crimes and then try to put in hereditary cronies Jeb Bush in or HIllary to keep it all in the family? And how do we get 480 billion in bailouts for fossil fuels? Oh CV. The problem with this garbage is I think the criminal fossil fuel contingent sees its on its way out even against an invalid himself caught up in Ukraine Natural gas and its trying to tie up the money that could be spent on green energy starting next year. That is all this is about. Plus they want to terrorize people so they will chose the strong father next year so CV. There is only so much money that the top down backwards form of socialism can print and steal without creating inflation in a given period and these people want an excuse to give it to the wrong contingent again(!!!!) and deny it from coming to the right one. But we have to prevent that because we have to cut the malignant right's money. All the crap they did down to overriding the supreme court nominees shows that this was just like the supreme court selecting W or he supreme court allowing engine of blackmail stellar wind. They are such abject liars- like basket case Kentucky net debtor state McConnel sayin g states with net contributions should be allowed to go bankrupt. There are aspects of the virus that seem so spooky, so not to down play it. But surely it was also a distraction from things like Australia on fire (now hit by CV.) Spooky in the sense of someone with a pulse ox of 45% still alive and talking to the Dr.??? Permanent lung damage and overwhelming of hospitals even where people may survive. AIDs like elements of reinfection??? Bizarre that Fauci is the guy who wrongly linked AIDS to HIV as his claim to fame. But there is the milking of the fear too, possibly for political gain or possibly to keep people home. I think globally this was effective because it clogged the hospitals and cancelled the elective (but sometimes grievously necessary) treatments so it was a choke point that couldn't be spun away. But at the same it allowed the separation of essential and busy work jobs (refineries are not essential when we are trying to get rid of them in he first place and there is a glut- would be temporarily essential if we hadn't got rid of them and were running out- but should have been shut and green energy makers left open as construction was) its also allowed people to stay home in an age where the sun brings the energy and robots and computers do the work. A start of community from home, so missing where the misguided value has always been power and money- a global coordinated action to an extent. A test of basic income. And look what getting cars off the road does. A reset. But I don't think people have to be clairsentient to see that his was meant to tie up the ability to print money for needed projects like more county hospitals and a GND- because climate change is much more threatening than CV even if CV biowar fraudulent behavior were an emerging trend. There is also this angle to try to pitch fossil fuels as some sort of security issue. Nope, it is a guarantee of poverty. Green energy doesn't have the ups and downs and need to import or be dependent on export and its essentially free. 8 Minute Energy with battery backed utility solar in California is at about 1 cent a kwh and dropping. Oil would have to be $17 a barrel (1700kwh in a barrel of oil) and dropping to compete (as much energy as in 54 gallons of gas). Really it would have to be a lot less because that energy for 8 Min is already in electrical form for efficient use and to convert it you'll lose 2/3 so maybe it is really $5.66 a barrel and permanently falling in an utterly reliable way. Saudi Arabia couldn't stay in business for any duration for under about $35 a barrel and hence they are selling off all their assets. As Tony Seba pointed out there are already 330 cities in China that are below grid parity with roof top battery backed solar. It is over so they might be wanting to cash out with $480 billion under cover of corona virus. But if so Naomi Kline and AOC (despite her selling out on Biden) have it right, pay off the 500k workers in the petrol industry- lying Ted Cruz tried to say there were 10 million or 5% of the US work force- or 20x DOL numbers- even back in the late 90s Texico was 200million revenue per employee- so a pure lie. For380 billion they could give every direct petrol worker a million to retire early or 500K to take some time off and 500K for retraining. Cruz against the department of labor statistics tried to inflate the numbers of petrol workers by 20x when we know it is a smaller number than work in solar and wind in the US. So this is just the latest scam it seems. We have to find a way to injuct the fossil fuel industry outright beyond even what Tony Seba has said is inevitable, it doesn't have a right to exist and it has been paid off millions of times for net negative damage relative to the ways we should have handled energy for much less.
