Exxon called hateful for producing value

How do we know that Solyndra and First Solar and Fisker Automotive and thirty other failed Obama-subsidized green energy ventures are (or were) highly moral enterprises? Because they are all going bankrupt. They all produce less value for consumers than they cost in resources. That’s good because producing net value—making money—is the criterion of immorality.

Such, at least, is the message from ExxonHatesYourChildren.com, where an actor pretending to speak for Exxon smugly plays the Grinch:

Here at Exxon we hate your children. We all know the climate crisis will rip their world apart but we don’t care, because it’s making us rich.

Wait a minute. If they are getting rich, doesn’t that mean they have to be creating quite a bit of value? Doesn’t it mean that people need the gasoline that Exxon is producing and find it’s price inexpensive compared to the value they get out of it? Indeed, if gasoline producers stopped producing, wouldn’t everyone, including the children, die practically on the spot?

Condemning energy suppliers is just as perverse as condemning food suppliers. Unfortunately we have to take these people seriously because the country just re-elected a president who thinks much the same way, so witness the dripping hatred for mankind, made palatable (to some) by a sugar coating of anti-capitalism and class warfare. Here’s the video:

Here at Exxon we hate your children. We all know the climate crisis will rip their world apart but we don’t care, because it’s making us rich. That’s right, every year Congress gives the fossil fuel industry over ten billion dollars in subsidies. That’s your tax dollars lining our pockets, making a fortune destroying your kids’ future. At Exxon, that’s what we call ‘good business’.

The ExxonHatesYourChildren.com website was created by Andrew Boyd, an eco-leftist activist who was an originator of the class-war demagoguery of the Occupy movement. That’s why Boyd’s group is called “The Other 98%.” Boyd got in early, before his Occupy comrades decided that 98 to 2 was not enough advantage and changed their slogan to “the 99%.” These people have backing all the way to the top of the Democratic Party. New Massachusetts Senator Elizabeth Warren claims to have laid the intellectual foundation for the Occupy movement and Obama himself endorses it (“we are on their side“).

Where are the REAL subsidies going?

Of course Boyd’s demagoguery goes beyond his explicit appeal to class warfare. His group is also fabulously dishonest. When they (and Obama) claim that oil companies are getting billions in subsidies what they mean is that Exxon gets to take advantage of the same tax breaks that other businesses do in order to keep a bit more of the money they earned. Keeping your own money is not a subsidy.

Want to see some real subsidies? Check out Obama’s bankrupt 33 (from The Heritage Foundation), with the amounts of direct taxpayer funding each received from the Obama Administration. The 19 asterisked companies have already filed for bankruptcy. The others are near bankruptcy:

1.Evergreen Solar ($25 million)*

2.SpectraWatt ($500,000)*

3.Solyndra ($535 million)*

4.Beacon Power ($43 million)*

5.Nevada Geothermal ($98.5 million)

6.SunPower ($1.2 billion)

7.First Solar ($1.46 billion)

8.Babcock and Brown ($178 million)

9.EnerDel’s subsidiary Ener1 ($118.5 million)*

10.Amonix ($5.9 million)

11.Fisker Automotive ($529 million)

12.Abound Solar ($400 million)*

13.A123 Systems ($279 million)*

14.Willard and Kelsey Solar Group ($700,981)*

15.Johnson Controls ($299 million)

16.Brightsource ($1.6 billion)

17.ECOtality ($126.2 million)

18.Raser Technologies ($33 million)*

19.Energy Conversion Devices ($13.3 million)*

20.Mountain Plaza, Inc. ($2 million)*

21.Olsen’s Crop Service and Olsen’s Mills Acquisition Company ($10 million)*

22.Range Fuels ($80 million)*

23.Thompson River Power ($6.5 million)*

24.Stirling Energy Systems ($7 million)*

25.Azure Dynamics ($5.4 million)*

26.GreenVolts ($500,000)

27.Vestas ($50 million)

28.LG Chem’s subsidiary Compact Power ($151 million)

29.Nordic Windpower ($16 million)*

30.Navistar ($39 million)

31.Satcon ($3 million)*

32.Konarka Technologies Inc. ($20 million)*

33.Mascoma Corp. ($100 million)

As for “tax subsidies” (letting earners keep their money), the vast majority of those also go to “green” energy. From the Congressional Budget Office:

Since green energy is tiny compared to brown energy, the subsidy as a percentage of the industry is vastly larger for green energy than even this graph indicates. Heritage has run the numbers:

…wind energy companies, for instance, get about 1000 times the subsidies that oil companies do, per kilowatt-hour of energy produced.

Just for fun, somebody should ask some actual children what they would think of a character who tried to turn off the electricity and take away gasoline. It’s like the villain in a superhero movie. And that “climate crisis” that is supposedly going to “rip their world apart”? Notice that Boyd et al. lack the conviction to even call it “global warming.” Apparently they know full well that global temperature has not risen significantly in over a decade but are unwilling to relinquish the demagogic power that comes from blaming natural phenomena on their capitalist enemy.


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Jeff Alberts

“We all know the climate ideology crisis will rip their world apart”
There, fixed it for them.

They really do hit low. They really must be desperate. People everywhere must be sick of the emotional blackmail. I am. I hope there are a lot of complaints to that campaign.

Gary Pearse

The child with the plastic oxygen mask is being saved by a petroleum industry product. Imagine the oxygen mask made of ox leather – hmm too much GHG from oxen, or wood, hmm killing trees causes more CO2 in the atmosphere,…okay stone, a little neo-neolithic industry anyone?

Yeah, I agree. Sometimes people forget the hundreds of other applications of petroleum. Right now we need oil, and not only is it an addiction, it’s necessary in some cases. Our life expectancy values would be nowhere near as high without it.


Tell that to the folks in New York and New Jersey without gas, light, homes, food, and all the other amenities those fools take for granted everyday. I didn’t see any of those morons rushing in to build windmills, or solar panels promising those people all the heat, light, and power they would ever need. I’m so sick and tired of those idiotic degenerates preaching pure crap they make me puke. Not one of those deadbeats ever got me a job, put food on my table, put a roof over my head, fed my family, bought me transportation, or any of the other things in life MY job in the oil sands does for me right now! To me the eco freaks are pond scum. To believe any of them are nature’s benefactors is a joke! WE planted 30 million trees! They never planted a single tree for us! WE, oil companies up my way, do more for nature then they ever did and they ever will do. To me it’s about time the rest of society smartened up and learned basic math. That is why CO2 is referred to as parts per million. What morons can’t understand that?

Tsk Tsk

Their children will be breathing just fine in the future. They’ll be getting lots of fresh air. Unfortunately they won’t have a choice because they’ll be so broke they’ll be living in tents.

TImothy Sorenson

I suspect a major lawsuit and these bozo’s will pay. At least I hope so. Slander and defamation at a minimum, me thinks.

Alas – Having been in the “corporate enviroment” for most of my life, let me tell you the problem is NOT that companies as Westinghouse, Exxon, B.P., Commonwealth Edison, etc. are IMMORAL and plotting to “kill” people with emissions, the problem is their MANAGEMENT AND EXECUTIVES are COWARDS.
They can, and do (on occassion, actually fairly RARELY..mostly it’s uncontrolled managers who are given TOO MUCH POWER and TOO LITTLE OVERSIGHT) abuse their employees. That is relatively easy to do when you have POWER over their INCOME.
BUT, put up ANY of the “Top Level” management of ANY large corporation against the “Enviromental Lobby”, or the “Protect this or that..” Or ACORN, etc, etc… whether it be emissions or the great BUG-GA-BOO “Diversity”…and what you get is meek little sheep who run around bleating, “Baaaaadddd! We are Baaaaaaadddd… We are sorry…WHATEVER YOU WANT US TO DO!”.
Now, let me tell you about the Koch Brothers! Their FATHER developed a coal/peat to oil process during the 50’s, which DID NOT TAKE COMMERCIALLY in the USA. BUT outside of the USA it found a GOOD market. He came back to the USA “wealthy” during the ’70’s, started buying poorly run refinerys. HE “fixed” them, made they run right (which in general, ALWAYS LOWERED EMISSIONS on an ECONOMIC basis. He had two sons, the “evil” Koch brothers. BOTH OF THEM GOT CHEMICAL ENGINEERING DEGREES. (Do you have any idea how RUGGED that ciriculum is compared to all other Engineering degrees?) They took over the family business.
BOTH OF THEM ARE PERSONALITY LIONS! They don’t back down. THEY DO go on the talk shows and they DO run counter ADS, and they DO fight back!
Exxon, and the others…take it in the shorts, because they are Public Relations Pacifists! But the Koch brothers can take it and dish it out. Yet, it is fascinating to note that the PIDDLING $70K they
gave to Heartland Inst. was for some “social issue” and not anything to do with AWG.
But look how the “lie machine” works on that. The lesson from this is: YES, we NEED the Exxons of this world, the BP’s, the Comm Ed’s, etc. BUT don’t every expect them to defend themselves!
And the PERIL is thus THIS – When the RADICALS, the “destoyers” get power…they will FIRST OFF destroy those they have villified. No matter HOW obsequious they have been.
ONLY IF THEY THEMSELVES ARE COMPLETELY IN CONTROL (this is the statist versus freedom of association and private property arguement) will they abate their distructive tendancy!
So that is meant to give an overview of this MINOR attack on a major giant, but to help to understand why there WILL BE THUNDEROUS SILENCE from Exxon as a response.
Some day, RIP Exxon as you are dissected and buried.

Owen in Ga

@TImothy Sorenson: There will be no defamation suit in this case for fear of invoking the Streisand principle. Maybe 200 people knew about this video before WUWT put this article up. If they file suit the hit counter will go through the roof and the message will be spread much farther than the (self-snip) group could have ever dreamt. They will likely leave this one alone and hope for it to die in obscurity.

Bill Illis

These people need to adopt the lifestyle of the Amish, for example, before we take them seriously.
Cut them off from gasoline, natural gas heating and airplane fuel. They blame Exxon for their use of gasoline, natural gas and airplane fuel? It is more than ridiculous. They are the reason Exxon exists in the first place.
Profit is not a dirty word. In fact, it is a measure of an organization’s contribution to our standard of living. They take inputs worth $100 and make a product worth $120. That is what value-added is all about. That is what differentiates us from our hunter gatherer past, our pick fruits from a tree even farther back past. Profit is actually a measure of how much an organization is adding to society.
We should outlaw profit? That would really help things wouldn’t it. Live in trees and pick fruit is really what they are promoting.


l don’t think they will be many haters of oil and gas when very low temps hit large area’s across the NH this winter.

Bob Shapiro

I just sent an email, with this post’s link, to Exxon, suggesting that they protect their good name from this libelous attack.

John F. Hultquist

Solyndra is listed as $535 M and having filed for bankruptcy. I haven’t tried to keep up with such things but because “Reorganizing the parent would allow it to exit bankruptcy with as much as $975 million in net operating loss carryforwards intact. The carryforwards may generate more than $300 million in tax breaks, . . .
This was such a mess that even the IRS objected to it.
Further there are connections between backers of Solyndra, and who makes off with the tax loses, and the current US Administration.
As with most things like this we might learn the truth in about 10 years, or never.


Though many media outlets are desperately trying to spin anything out of Doha COP18, the hangover and vomiting are just now hitting the esteemed delegates, i.e. parties, of COP18 ZombiLand.
And as we see on display the Enemy-Mine had contingency plans to go … and go they are.


The idiot might want to think on the fact that the feedstocks for most of the medicines, clothing, fertilisers etc comes from the oil industry or the petro-chemical industry as it should be properly known. Of course most of these eco nuts are middle class leeches who have never had any real responsibility or who have been well off enough because of mommy and daddy’s hard work (sounds like Obama a bit)…

Juan Slayton

Fortunately Mr. Boyd never taught real children in California, or he would be biting the hand that feeds him. CALSTRS, the California teacher’s retirement fund, holds $1,242,687,000 worth of Exxon-Mobile stock. (As of 30 June 2012. See
http://www.calstrs.com/Investments/portfolio/usStock.asp#E )
And what happens if Exxon-Mobile and the other large corporations don’t make enough profit to hold their value and pay dividends? Well, in California, the taxpayers get to make up the difference between CALSTRS obligations and investment income. Perhaps Mr. Boyd and his kind would be willing to show their concern for children by making a donation….?

I know Exxon. I was living in Valdez when the Exxon Valdez piled on the rocks of Bligh Reef. I know how Exxon thinks and how it acts.
At their first press conference an Exxon spokesman said, “You don’t know how lucky you are. You have Exxon and Exxon does things straight.”
That was the first of their lies.

This kind of junk should not come as a surprise to anyone. The right wing as been as strident as the left when it comes to class war and this subsidy foolishness it just that think Wall Street, Banks and so on. They spend far more money doing it too. The mythology of free enterprise is just a bankrupt as socilism. What is needed is not more divisiveness but some sanity to find a sound middle of the pack solution to what ever politial problem we encounter.

Ed Brown

Max Hugoson says:
December 9, 2012 at 5:54 pm
Appreciate your comment, Max. Unfortunately your name link doesn’t work for me.

A more appropriate web site would be “Exxonlovegreendupesdotcom”. Think about it. Environmentalism limits supply and resource development, chases out small, low cost producers with mountains of regulation, and expands the market for things like natural gas (which Exxon has substantial reserves) by shutting down coal. Bigger markets and fewer competitors, what company would not like that pricing advantage. I wonder how many greens know just how important they are to Exxon’s high profitability.

D Böehm

Michael A. Lewis,
Your emotional response is fact-free. The Exxon Valdez spill was every bit as political as global warming is now. But eventually the Supreme Court had the $5 billion damages award reduced to about $500 million, a 90% reduction.
Note that the recent Deepwater Horizon blowout spilled much more oil over a much longer time frame and a larger area. But today there is little evidence of any damage from that blowout.
This article reports on a scurrilous advertising campaign by anti-fossil fuel groups. As usual, they use fossil fuel products while hating on the providers. If they had any integrity they would stop using fossil fuel products.
Accidents happen; they can never be completely avoided. But American companies have done an outstanding job of providing safety. There are literally thousands of undersea oil pipelines and oil tankers in the Gulf of Mexico alone. Occasionally there is bound to be an accident. The only alternative is to give up fossil fuel use. Are you willing to do that?

John F. Hultquist

Max Hugoson @ 5:54 says . . . some “social issue”
Healthcare would seem to fall into this category.
. . . the Charles Koch Foundation provided $25,000 to the Heartland Institute in 2011 for research in healthcare, . . .
However, including ‘Westinghouse’ in your opening list of corporates is a can of worms. The components, name, and brand live on:
and, see also the following 1990s to 2000s.
Asea Brown Boveri,
Eaton Corp.
Infinity Broadcasting
Northrop Grumman
[Siemens (German international company) bought Westinghouse Electric generators and turbine divisions.) Westinghouse (the Nuclear Div) is still a separate company because of USN nuclear security concerns. Mod]

4thTech aka Dave Dodd

Well, knowing these idiots are on the loose and now in charge, everytime I have occasion to leave the plantation, I make it a point, before returning, to stop past the sporting goods section and add a few “necessary items” to my shopping cart! Lead is heavy if carried in large quantities, but a little prepping never hurts…
The guy in the pictures looks like he could play the Devil in a Stephen King flick!

Michael A. Lewis says December 9, 2012 at 6:22 pm:
I know Exxon. I was living in Valdez when the Exxon Valdez piled on the rocks of Bligh Reef. I know how Exxon thinks and how it acts.
At their first press conference an Exxon spokesman said, “You don’t know how lucky you are. You have Exxon and Exxon does things straight.”
That was the first of their lies.

Where in Valdez? What years were you there (for starters)?
Also, how can you “… know how Exxon thinks” by simple observation of action?
Aren’t any observations you might make colored by any biases or preconceived notions you may posses, such as those possibly developed through a history of anti-progress ‘environmental activism’?


As they found in the early rocket-propelled aircraft trying to break the sonic barrier, a child trying to breathe through an oil-soaked “oxygen-impregnated” leather mask will be burned alive in her bedsheets ….
Good thing Exxon-Mobil IS making the sterile plastics that allow this child – and millions like her – to live a healthy life.
‘Course, now, the eco-friendly Obama regime will be doing all it can to destroy the medical care that is saving lives.


Just found this on Reuters:
“But unless rich and poor countries can inject urgency into their negotiations, they are heading for a diplomatic fiasco in 2015 – their next deadline for a new global deal.”
‘Urgency’ I know the word.
But “Urgency” as above, I do not know.
Me thinks that a clever word-craftman is needed.
Yes it is true, 16 years and no trend in ‘global’ temperature change. Lots of problems, siting, instruments, time-of-day, blah blah blah.
1997, the UN Kyoto Protocol.
1998, still the ‘stand out’ year! Question: Anomaly or Artifact?
One of our dearest munchkins must have seen what Ante Maude has seen. Kissy Kissy.
Time for our Dearest Munchkin to STAND UP, MAN UP and Connect the Dots.
Pssssssssss …..
Empirical evidence abounds … quite astonishing to me … Ante Maude … Kyoto worked! .. Game Over. We Won! ‘Snicker Snicker’ ‘Kissy Kissy’ Oh, do not bother about the ‘Bothers’. Just flotsam and jetsam.

Doug Allen

Alex Rawls,
Your “dripping hatred” for the Obama administration, and by extension those of us who voted for Obama, is- to use your words- perverse. Your lack of perspective, blame, guilt by association, stereotyping, ad hominem attacks are the mark of a poor looser. Get a grip and join adult discussion. The Exxon bashing speaks for itself as being trashy and deserves our contempt. You don’t yourself need to be trashy and spew disinformation in order to criticize policy, mis- (or dis) information and things which are in poor taste.

Jeff Alberts

And Alarmists complain that the Unabomber billboard was bad??


To Max Hugoson—–
GREAT comment. I know very little about the Koch brothers, but the more I learn, the more I like.

Reblogged this on Truth, Lies and In Between and commented:
Good read.

One of my Facebook friends posted the link to the video a week or two ago. So I posted a link to the 10:10 “No Pressure” video as a counter to this. 🙂


Simple truth is that many children would not exist without fossil fuel based fertilizers over this past century. Hydroelectric based ammonia and Chilean nitrates would have been insufficient. Agree about the Koch brothers. The media noise and political events we see today sort of read like Atlas Shrugged opening more poorly. Which was inspired by Rand’s experience in revolutionary Russia devolving toward the Bolsheviks.


you ain’t seen nothing yet.
keep paying your taxes; they’ll eventually nationalize your groceries.
you get what you settle for.

Doug Allen says December 9, 2012 at 7:13 pm

Outside of socialist goals (wealth redistribution and so forth) what do you see as positives in this present administration?

Excuse me, but while cowardice may be a plausible-sounding explanation for why Exxon-Mobil doesn’t mount a real climate-science education effort in their own defense, I don’t buy this explanation, at all. As for the Koch brothers being more inclined to defend themselves than Exxon-Mobil, I’m not seeing that, either. So they gave what for them is a small tip to Heartland – so what? They also helped fund the 2nd phase of the Tea Parties (frankly, corrupting the initial movement, to a great degree), and could easily use their influence to get Tea Parties to adopt educating about carbon realism, and the dangers of a carbon tax, as a major tactic.
Yours truly has proposed doing a national leafleting campaign, to educate the public about climate science. See here: http://wattsupwiththat.com/2012/11/23/climate-ugliness-goes-nuclear/
I advised not waiting for Exxon-Mobil to help, because I don’t think Exxon-Mobil cares. If anything, they will make more money from carbon trading schemes, if they are being dealt in,, and via keeping their oil in the ground, longer, as prices rises are all but assured, given that we have passed peak oil. Climategate II showed the interest of Goldman Sachs in carbon markets, and it strikes me as entirely plausible that the global warming scam can be traced, as Jesse Ventura claims, to Maurice Strong, the Rothschilds, and the Rockefellers.
Meanwhile, I blame both CO2 climate catastrophists as well as skeptics, who call themselves environmentally friendly, for not pushing alternative energy R&D into carbon free, dense energy sources, especially fusion. They could do this via pushing for crowd-funding, if they happen to be ideologically opposed to governments investing $$. Eric Lerner has beaten the big hot fusion projects, but has to waste time and energy soliciting funding. See http://www.dailykos.com/story/2012/03/08/1071933/-In-the-race-for-fusion-a-dark-horse-takes-the-lead
The US government (NASA) is acknowledging funding LENR (so-called ‘cold fusion’) research, but we know that it (US Navy, IIRC) was investigating LENR’s secretly, after supposedly being found to be a myth. See http://discovermagazine.com/2012/nov/27-big-idea-bring-back-the-cold-fusion-dream
CERN is also looking into LENRs.

G P Hanner

They are betting that 50 years of dumbing down education will result in a large number, especially among the younger generations, to believe that nonsense. If we don’t take back the education system from the “experts” they will win that bet.


Very simple answer.
Several NYC hospitals lost emergency power during post-tropical storm Sandy.
That power was necessarily supplied by fossil fueled generators, as it was too windy for wind turbines(?) and too dark for solar power.
The fossil fuel might not have been supplied by Exxon-Mobile, but fossil fuel is fossil fuel, regardless of supplier.
I would imagine that the pediatric (you know KIDS) facilities depending on the emergency power quite appreciated it.


As for BP vs Exxon spills, Exxon would be like a priggish Boy Scout, insolently smug, not quite as sharp as the self image but at least somewhat contrite when confronted by a mistake with big consequences. BP is more like an alcoholic mafioso that keeps running people down without jail time, with lots of bodies. BP’s damage to the Gulf of Mexico is diluted, spread far and deep, simply hard to measure.
Lest someone think this view unacceptably harsh, I would suggest they review the multiple industrial catastrophes, and deaths, of BP more closely.


“If they are getting rich, doesn’t that mean they have to be creating quite a bit of value?”
No. The banksters and financiers get rich by ripping off the rest of us, not by creating value. Exxon may well be creating value, but you can’t deduce that from the fact that they are getting rich.

Well… lets be a bit more upfront eh?
Exxon and a few other oil companies do get breaks from the federal government that non-oil producers do not get.
They get a cut in the royalties that they have to pay for production in certain oil leases. Bad? Well, the Minerals Management Service, now known under the more socialist and green sounding “Bureau of Ocean Energy Management,” can not get anyone to bid on the really deep leases if the cost of putting the field into production is too high.
They do it because no one will touch it other wise.
See… the daily lease rate for Semisubersible drill platforms rated for 4000’+ Water Depth only runs about $414,000. That’s the average daily rate as of 8 Dec 2012.
How about a drill ship rated for the same water depth instead of a platform? Only $463,000… per day, average lease rate.
Source: http://www.rigzone.com/data/dayrates/

Tom J

Didn’t a really, really great man, the 4th best President of the United States, belch out these famous words, “You didn’t build that. Someone else made that happen.” So wouldn’t it follow that Exxon couldn’t possibly be responsible for what Andrew Boyd and his thoroughly valuable group, ‘the other 98%’, claim? Couldn’t someone else have made those ghastly things happen? Who knows, maybe there was a great Andy Boyd sometime in Exxon’s past. And maybe he made it all happen. Maybe everybody made it happen. Maybe nobody made it happen. Maybe it never happened. It’s so cool. Anything can be anything anybody wants it to be.
Whoops. There are exceptions. And they appear to be the green energy firms. Here the POTUS is unarguably right. The owners didn’t build those things. Of course nobody did either. I wonder why. Maybe Boyd knows. Maybe the POTUS knows. He’s a smart man. Very smart.


I thought that oxygen masks were made of vinyl or pvc- it looks to me as though Exxon is trying to save that child in the video.


Real science with peer reviewed papers concerning Exxon Valdez can be found here: http://www.valdezsciences.com/index.cfm – very interesting.
I was in Seward a couple of years after the spill and many of the locals admitted (off camera) that the $1 billion that Exxon had spent in Seward after the spill was the best thing that had ever happened to them. The fisherman had never had it so good as being paid not to fish for 3 years and then having the benefit of replensihed stocks when they did get back on the water. Many felt that the next best thing that could happen would be another spill.

metamars says:
December 9, 2012 at 8:02 pm
Meanwhile, I blame both CO2 climate catastrophists as well as skeptics, who call themselves environmentally friendly, for not pushing alternative energy R&D into carbon free, dense energy sources, especially fusion.

I agree, and I hope that Anthony allows more threads on the LENR topic here on WUWT. It makes our side look good to have something positive to offer. And it will make the capital-S “Skeptics,” who support the current climate consensus, look bad in the aftermath, for being wrong on both fronts. (They pooh-pooh cold fusion.)

Reblogged this on My Blog steady as we go and commented:
thanks for the truth being brought out in this blog……..

@ Gary Pearse who says: The child with the plastic oxygen mask is being saved by a petroleum industry product. Imagine the oxygen mask made of ox leathe..
Thank you for that analogy–put right in persepctive.

Notice the sudden drop in Tax Preferences in 1988 under the pretend ‘oil man’ and New World Order frontman, Bush the Elder ? It is no surprise that the banking elite are determined to bankrupt all humanity and return the world to their neofeudalism. As VP from 1980 to 1988 the Big Bush directed the Iran-Contra operation and the S &L heist, which was documented in “The Mafia, CIA and George Bush” by investigative reporter Pete Brewton. As the Fall of the Berlin Wall swept the world, president Big Bush cast a billion Chinese into serfdom with his Nevil Chamberlin moment during Tiananmen Square. The two party puppet show is a distraction from the real fraud, the monetary system. For more on this read “The Creature from Jekyll Island” by G Edward Griffin on the history of the corrupt Federal Reserve System. A brief introduction is in the article “Fractional Reserve Banking Begat Faux Reality”. When your monetary system is a lie, then science and history must be preverted to support this fundamental fraud.


Imagine living in a place where 99% of people have no hydrocarbons. Life expectancy was 45 yrs. Death from violence common. Everyone wanted the money to buy transport (before housing and food) and worked hard to access vehicles. I lived there as a child, it left a strong impression on me. I lived in a second country where they succeeded in breaking those chains. Both countries pay only superficial lip service to Greens. No petroleum means no medicine, no transport, grass/timber houses, and periods of no food. All Greens should be forced to live like that, for a few years.

george e. smith

Well gasoline is still about the cheapest liquid you can buy. Cheaper than milk, and cheaper than water. Well you can buy some really cheap grades of water, but it can have all sorts of chemical poisons in it, Ozone killing chlorine, an even fluorine. The better grades of water from the organic (carbon distribution) stores can cost as much as $30 per gallon.
I wonder if Michael Lewis was living in Old Valdez, or perhaps in New Valdez. I’ve been to both; and even then, one was better than the other to live in.

Chuck Nolan

RoHa says:
December 9, 2012 at 8:39 pm
“If they are getting rich, doesn’t that mean they have to be creating quite a bit of value?”
No. The banksters and financiers get rich by ripping off the rest of us, not by creating value. Exxon may well be creating value, but you can’t deduce that from the fact that they are getting rich.
So untrue.
The financial industry is creating lots of value, just not for you, me and the little people.
You can bet Barney, Chris and friends are getting great value for their investments.

Metamars –
skeptics, who call themselves environmentally friendly, for not pushing alternative energy R&D into carbon free, dense energy
“Carbon” is not environmentally unfriendly. The carbon-based living systems in “the environment” need carbon in the form of either CO2 or … hydrocarbons:
The so called “green” alternatives, on the other hand, do nothing to enrich the biosphere, and are therefore not good for “the environment.”
Energy corporations, like Enron, are glorious free-market entities, and they would never conspire or collude to manufacture an artificial scarcity.

A senior energy analyst at the recent API convention warned that if the U.S. petroleum industry doesn’t reduce it’s refinery capacity, it will never see any substantial increase in profit.
– Chevron internal memo, 1995
As observed over the last few years and as projected well into the future, the most critical factor facing the refining industry on the West Coast is the surplus refining capacity, and the surplus gasoline production capacity. (The same situation exists for the entire U.S. refining industry). Supply significantly exceeds demand year-round. This results in very poor refinery margins, and very poor financial results. Significant events need to occur to assist in reducing supplies and/or increasing demand for gasoline.
– Texaco internal memo, March 7, 1996
API spokesman Jim Craig said Thursday, “We don’t know about these alleged [!] internal company memos [!!], but the idea that the API would warn member companies on profits is ludicrous.” [!!!]