How did we get stuck with the natural gas scam? I guess I don't know. All I have is conjecture. It might be helpful if more people knew how we came to get caught up in such a destructive ponzi. Its likely not a story that can be told in terms of new technology I think it really is a political story and we have to look at its political origins. So much of our problem in the US is there are so many people that by hook or by crook got their personal money or their retirements stuck in this natural gas quicksand.
Berkshire and the natural gas ponzi- realized when Buffet was buyer of last resort for all the shale wreckage it was because it was him and Munger that sold so many in the US the shale ponzi in the 90s. You see he associated otherwise sound value investor type investment rent seeking with shale. Those businesses would show up in Valueline with high scores in the 1990s because their managements in that community learned to play by those rules. But there really wasn't a mote for natural gas because it was too theromdynamically lean (total energy in vs total energy out) and too toxic and unstable to be sustainable. But they were attracted to the finders keeper seemingly turn key rent seeking model- the pure political poison. And out of that came the numb-skull PNAC and the last two utterly lost decades. And what a great plan- outside the Debeers type scam I think they knew there was no peak oil dilemma its Thorium decay behind it all. But instead of going to clean Thorium or clean waste free nuclear that was suppressed from the beginning because they didn't want proliferation through the spread of any kind of perfected nuclear (because it could mask the spread of the dirty kind that produces weapons) and also because they wanted broken nuclear to supply sufficient MAD stock piles exclusively for themselves and because they wanted fossil fuel addiction for other countries so they could shut off their lights by cutting the energy supply as they did with Japan in WWII and because they wanted the scarcity austerity inducement of hyper resource intensive fossil fuels to hedge deflation (not a risk if you use soveriegn fiat right) because of all this they went with the thermodynamic ponzi of shale. Like going from coal cigars to oil Marlboros to selling teens light cigarettes with shale.
And now it turns out that liquid air batteries are awesome like pumped hydro from air and we see the cng industry was doing this the whole time in processing the shale but just wasting the energy used to compress by not putting a turbine on their sell side to recapture energy just to sell more stupid wasteful shale in production costs. Only collusion allowed it. But against green it just makes sense to convert those CNG plants by order to liquid air batteries and cut them off from processing CNG. Because even with recouping some of that on processing CNG will never ever be remotely profitable again even with continued subsidies. The Ponzi is up. Now if something better than terrestrial scale hot fusion comes along like vacuum energy and wipes out wind, solar and solid state storage the difference is at least these green investors weren't dumb suicidal parasites worthy incarceration for a combination of willful negligence, recklessness and malignancy. And these green investors in trying to use money with awareness as a corrective will be worthy of being bailed out not the least to preserve faith in taking reasonable risks. Natural gas even when it was pitched as slightly cleaner (not true) or more stabilizing because more equitably distributed was never that but was just a justification for stupid imperialism and wars of aggression and dumb derivatives scams that caused austerity and collapses and the efforts to endlessly bailout its thermodynamically unworkable ponzi have been criminal. Think, PNAC, Enron and unnecessary blackmailing rolling blackouts, fires and gas outs and 911 and Afghanistan and Gitmo and Libya and Patriot Act, secret democracy destroying laws, surveillance state, endless gag orders and the 07 crash and all that incredible unjustifiable stupidity and all that war crime and again insanely corrupt secret law and domestic spying and austerity and the huge increases in personal debt and the defunding of education and going backwards on education and the dynastic entitled garbage from the Bushes and the Clinton all to protect this moronic ponzi scam. Thanks Buffet and Gates- Gates was recently saying electric cars aren't good enough and implying their batteries are not clean to produce- while MS says it will wipe out its historical carbon load by 2050 its President Brad Smith said we will need more energy so it is imperative that Microsoft continue to support (so called) companies- ah not its imperative that fossil fuel energy companies be put out of business as fast as humanly possible so we can make a proper example of dumb money.
Berkshire and the natural gas ponzi- realized when Buffet was buyer of last resort for all the shale wreckage it was because it was him and Munger that sold so many in the US the shale ponzi in the 90s. You see he associated otherwise sound value investor type investment rent seeking with shale. Those businesses would show up in Valueline with high scores in the 1990s because their managements in that community learned to play by those rules. But there really wasn't a mote for natural gas because it was too theromdynamically lean (total energy in vs total energy out) and too toxic and unstable to be sustainable. But they were attracted to the finders keeper seemingly turn key rent seeking model- the pure political poison. And out of that came the numb-skull PNAC and the last two utterly lost decades. And what a great plan- outside the Debeers type scam I think they knew there was no peak oil dilemma its Thorium decay behind it all. But instead of going to clean Thorium or clean waste free nuclear that was suppressed from the beginning because they didn't want proliferation through the spread of any kind of perfected nuclear (because it could mask the spread of the dirty kind that produces weapons) and also because they wanted broken nuclear to supply sufficient MAD stock piles exclusively for themselves and because they wanted fossil fuel addiction for other countries so they could shut off their lights by cutting the energy supply as they did with Japan in WWII and because they wanted the scarcity austerity inducement of hyper resource intensive fossil fuels to hedge deflation (not a risk if you use soveriegn fiat right) because of all this they went with the thermodynamic ponzi of shale. Like going from coal cigars to oil Marlboros to selling teens light cigarettes with shale.
And now it turns out that liquid air batteries are awesome like pumped hydro from air and we see the cng industry was doing this the whole time in processing the shale but just wasting the energy used to compress by not putting a turbine on their sell side to recapture energy just to sell more stupid wasteful shale in production costs. Only collusion allowed it. But against green it just makes sense to convert those CNG plants by order to liquid air batteries and cut them off from processing CNG. Because even with recouping some of that on processing CNG will never ever be remotely profitable again even with continued subsidies. The Ponzi is up. Now if something better than terrestrial scale hot fusion comes along like vacuum energy and wipes out wind, solar and solid state storage the difference is at least these green investors weren't dumb suicidal parasites worthy incarceration for a combination of willful negligence, recklessness and malignancy. And these green investors in trying to use money with awareness as a corrective will be worthy of being bailed out not the least to preserve faith in taking reasonable risks. Natural gas even when it was pitched as slightly cleaner (not true) or more stabilizing because more equitably distributed was never that but was just a justification for stupid imperialism and wars of aggression and dumb derivatives scams that caused austerity and collapses and the efforts to endlessly bailout its thermodynamically unworkable ponzi have been criminal. Think, PNAC, Enron and unnecessary blackmailing rolling blackouts, fires and gas outs and 911 and Afghanistan and Gitmo and Libya and Patriot Act, secret democracy destroying laws, surveillance state, endless gag orders and the 07 crash and all that incredible unjustifiable stupidity and all that war crime and again insanely corrupt secret law and domestic spying and austerity and the huge increases in personal debt and the defunding of education and going backwards on education and the dynastic entitled garbage from the Bushes and the Clinton all to protect this moronic ponzi scam. Thanks Buffet and Gates- Gates was recently saying electric cars aren't good enough and implying their batteries are not clean to produce- while MS says it will wipe out its historical carbon load by 2050 its President Brad Smith said we will need more energy so it is imperative that Microsoft continue to support (so called) companies- ah not its imperative that fossil fuel energy companies be put out of business as fast as humanly possible so we can make a proper example of dumb money.
