new fossil fuel sources + overproduction = bankruptcy for greedy developers

❝ For decades, elected leaders and corporate executives have chased a dream of independence from unstable or unfriendly foreign oil producers. Mission accomplished: Oil companies are producing record amounts of crude oil and natural gas in the United States and have become major exporters…With a global glut driving down prices, many are losing money and are staying afloat by selling assets and taking on debt…

❝ In the last four years, roughly 175 oil and gas companies in the United States and Canada with debts totaling about $100 billion have filed for bankruptcy protection. Many borrowed heavily when oil and gas prices were far higher, only to collectively overproduce and undercut their commodity prices. At least six companies have gone bankrupt this year, and Weatherford International, the fourth-leading oil services company, which owes investors $7.7 billion, is expected to file for bankruptcy protection…

❝ One concern is that the industry will be forced to leave oil and gas in the ground as climate change prompts environmental restrictions on drilling or a shift to alternative fuels.

As usual, the fossil fuel barons relied on their political bubbas in the White House and Congress to stand in the doorway to blockade any changeover to cleaner and cheaper energy generation. Climate change deniers from both parties were doing their share. Trump was elected and pledged to continue his own variety of populist ignorance to support backwards as the only true American direction.

A funny thing happened on the way to the bank, though. The rest of the world ignored our crooks and hustlers. As did a number of state governments. Not the majority. Just the states that understand that science and engineering, progressive policies result in cleaner, forward-looking economies.

Doesn’t mean problems are all solved. “Backwards” still includes a lot of federal flunkies calling themselves Democrats and Republicans. Change is only coming in the fullest sense of the word if all the deadwood is cleared out of the way.

If Jamal Khashoggi was murdered, will our fake president do anything?

❝ …if what is alleged about the disappearance on Oct. 2 of Post columnist Jamal Khashoggi is true — that he was lured into the Saudi consulate in Istanbul, then murdered and dismembered by a team dispatched by the Saudi royal court — it would be in a category of depravity all its own.

What makes Khashoggi’s alleged murder so chilling is its sheer brazenness…

❝ There is much we don’t know. Even if the intent was merely to abduct Khashoggi and not to kill him, how is it possible that Saudi Arabia — a vital U.S. ally that claims to be a responsible actor on the global stage — could consider such an action? Perhaps the reason is that those who use violence and repression to censor the media rarely face significant consequences.

Trump and the papier mache Congress will do little more than prattle about our “standards” and perhaps delay shipments of weapons and armaments to the Saudi royals a couple of months. Imperial comrades-in-arms rarely separate longer than is needed to impress a few conservative editors.

“FEAR” already “Sold Out!” at Amazon – Woodward’s book about the Trump White House

Amazon.com said it is working to restock shipments and fulfill orders for Bob Woodward’s “Fear” after the book sold out shortly after its Tuesday release.

Company officials said the title, which details a chaotic Trump administration in which staffers undermine the president, will be available through Kindle and audio books while they wait for new shipments of hardcovers. According to the website, shoppers can get it as early as Sept. 26.

Har! Trump will mess his shorts when he hears this on Faux News.

United States of Amnesia

❝ “The United States of Amnesia.” That’s what Gore Vidal once called us. We remember what we find it convenient to remember and forget everything else. That forgetfulness especially applies to the history of others. How could their past, way back when, have any meaning for us today? Well, it just might. Take the European conflagration of 1914 to 1918, for example…

❝…in Europe, a hundred years ago, war had become politically purposeless. Yet the leaders of the world’s principal powers — including, by 1917, U.S. president Woodrow Wilson — could conceive of no alternative but to try harder, even as the seat of Western civilization became a charnel house…

❝…similarities between the Great War as it unspooled and our own not-in-the-least-great war(s) deserve consideration. Today, as then, strategy — that is, the principled use of power to achieve the larger interests of the state — has ceased to exist. Indeed, war has become an excuse for ignoring the absence of strategy…

❝ Congressional midterm elections are just months away and another presidential election already looms. Who will be the political leader with the courage and presence of mind to declare, “Enough! Stop this madness!” Man or woman, straight or gay, black, brown or white, that person will deserve the nation’s gratitude and the support of the electorate.

Until that occurs, however, the American penchant for war will stretch on toward infinity. No doubt Saudi and Israeli leaders will cheer, Europeans who remember their Great War will scratch their heads in wonder, and the Chinese will laugh themselves silly. Meanwhile, issues of genuinely strategic importance — climate change offers one obvious example — will continue to be treated like an afterthought.

As for the gravy train, it will roll on.

RTFA. The military-industrial complex President Eisenhower warned of – lives better than a top-shelf Wall Street hedge fund manager. Politicians roll over easy-peasy – rotund from pockets stuffed with their share of the proceeds.

Pulitzer Prizes Continue to Challenge American Political Criminals

Winners of the 2018 Pulitzer Prizes were announced at Columbia University in New York City on Monday. The Pulitzers are highly revered and mark the best in journalism in 14 categories…

“It’s clear that good reporting by one newsroom helps generate even more good journalism by others. We need more reporters working on stories to bring matters to light, and in doing so that puts more power in the hands of citizens.

Journalism is not optional in a democracy…”

National Reporting

Awarded jointly to the staff of The Washington Post and the staff of The New York Times for coverage of contacts between Russian officials and President Donald Trump’s teams.

We should all give thanks to the absence of inner peace in the hearts and minds of investigative journalists. Especially that species willing to challenge the corrupt and powerful.

Is Trump about to go off the Deep End?

❝ Last fall, prominent psychiatrists broke with the American Psychiatric Association to warn that President Trump is dangerous and mentally unstable…

With reports that a giddy commander in chief is running around the White House like a kid freed of any adult supervision, having dispatched every moderate who hasn’t resigned in hopes of saving a shred of his integrity, Donald Trump now appears to be in a state of mania as he escalates his efforts to bolster his fragile ego before he goes into the cage with special counsel Robert Mueller—or fires him…

❝ This was exactly what the contributors to the book The Dangerous Case of Donald Trump warned about six months ago. The psychiatric professionals who contributed to the book have monitored and come to know Trump’s character better than most clients they have treated or people they have interviewed. As the special prosecutor’s noose tightens around the president and his cultish family, it is increasingly clear that he is an imminent danger to the public, and this impinges on professionals’ duty to society…

The authors of the book warned that the Trump effect was creating a “malignant normalcy,” a collective psychological anesthesia in the face of people’s free-floating fears about the stability of this president. Last fall, it was the kind of hush that falls before an impending hurricane or an October Surprise. The book warned that the worst was ahead.

RTFA. Anyone imagine things in the White House will be “getting better” – whatever that might mean?