World’s largest investment group says “Coal is dead’ and oil faces “peak demand”


Of course, you could invest on Trump’s advice

❝ “Coal is dead,” Jim Barry, the global head of BlackRock’s infrastructure investment group, explained in a recent interview.

BlackRock, the world’s largest investment group, with $5 trillion in assets — more than the world’s largest banks — has begun to bet on clean energy. Why? “The thing that has changed fundamentally the whole picture is that renewables have gotten so cheap,” said Barry…

❝ President Donald Trump famously campaigned on restoring coal jobs, and has continued to reiterate that commitment as president, but the economic reality makes that a futile effort.

The U.S. alone has shuttered 40 gigawatts of coal plants since 2000.

“These [coal plants] will not reopen whatever anything President Trump does,” as Bloomberg New Energy Finance recently explained, “nor do we see much appetite among investors for ploughing money into U.S. coal extraction — stranded asset risk will trump rhetoric.”

The economic reality is that cheap fracked gas and plummeting prices for clean energy has squeezed both coal production and coal consumption to levels not seen for decades.

❝ Coal isn’t the only fossil fuel at risk. Because of the rapidly improving performance and cost of batteries, Barry is “bullish” on electric vehicles. And as a result, he is bearish on oil demand, noting that “there was always this historic view on oil about peak supply but it’s about peak demand being an equal dynamic.”

In short, the smart money is headed away from fossil fuels and toward clean energy.

Not that any of this means much to our state and national politicians. Smart money doesn’t concern them – just money. That’s what controls elections in our much-vaunted Republic. And, for now, the corporations most willing to provide funds to our political hacks are the ones who get representation.

The people? Looks like we’re still last in line.

Congressional-Creeps are so corrupt they believe everyone must be as crooked as they are


$50 worth of Post-Its and worth every penny!

❝ The Judiciary Committee of the United States House of Representatives is considering a major reform of the American With Disabilities Act (ADA) of 1990 — a federal law which prohibits discrimination against individuals with disabilities in the public sphere (at work, in schools, riding public transit, and in all spaces open to the general public, including privately-owned businesses). For example, under the ADA, businesses open to the public, such as restaurants or pharmacies, need to be wheelchair accessible.

❝ The ADA Education and Reform Act of 2017 (HR 620) seems like a rather innocuous bill at first glance — it compels the Department of Justice to formulate a program that educates state and local officials and business owners on “strategies for promoting access to public accommodations for persons with a disability.” A prime example of fatty, ostensibly meaningless Washington wonk-speak. But it goes further — the bill, if passed, would prohibit civil suits arising out of a failure to provide adequate access to public accommodations for the disabled unless the plaintiff provides offending property owners with a written notice…blah, blah, blah…Owners would then have 60 days to respond with a written plan for improvement, and an additional 120 days to correct the deficiency, or at least demonstrate sufficient progress towards a correction…

❝ Sponsored by Texas representative Ted Poe, a Republican, along with two Republican and three Democratic colleagues all from Texas and California, HR 620 aims to “curb frivolous lawsuits filed by cash-hungry attorneys and plaintiffs that abuse the ADA,”…

With a so-called president who likes to imitate disabled Americans, this may be the right time for “America’s leading criminal class” [thank you Sam Clemens] to take back some of the parking places they feel should be theirs for class loyalty or whatever.

Texas sets the standard for Republican lies about abortion


Click to enlargeRena Schild/Shutterstock

❝ Despite suffering a major defeat at the Supreme Court this past June, Texas simply can’t stop — won’t stop — undermining reproductive rights. Earlier this month, the Texas Department of State Health Services released an updated edition of its abortion booklet — ironically titled “A Woman’s Right to Know” — which unapologetically promotes debunked links between abortion, breast cancer, and adverse psychological risks.

❝ A pregnant person considering termination in the Lone Star state may very well believe that her physical and mental health are at risk if she obtains an abortion. Texas already requires a 24-hour waiting period for abortion, after mandated counseling that includes information on breast cancer, fetal pain and mental health effects. But the updated DSHS booklet spreads further misinformation.

With regards to mental health, the booklet says, “Women report a range of emotions after an abortion. This can include depression or thoughts of suicide. Some women, after their abortion, have also reported feelings of grief, anxiety, lowered self-esteem, regret, sexual dysfunction, avoidance of emotional attachment, flashbacks and substance abuse.”…

Everything an otherwise sensible person feels after voting for Trump. Har.

❝ …Not only does promoting such misleading information stigmatize a common medical procedure that 1 in 3 U.S. women will have, but it also directly impacts the quality and availability of abortion care. Anti-choice legislators routinely use the mental health myth to pass restrictions on abortion, from mandatory waiting periods and counseling to gestational limits on abortion…

Ultimately, there is no right or wrong way to feel after having an abortion; every person’s experience is unique and valid. State legislators and governments would do well to finally acknowledge this, and abandon the harmful myths that drive legislation designed to make women feel bad about their decisions.

I wonder if the Republican Party will ever get round to abandoning the 19th Century religious claptrap that mandates their patriarchal War on Women and Women’s Rights? I realize that offering scientific and social proof means nothing to spooky, fearfilled mice. But, just stepping back and peering with open eyes at decades of failed ideology might eventually make an impression. Even on a Texas Republican.