How Big Oil Conquered the World

Prologue: How Big Oil Conquered the World (video).

The Wrong Kind of Green: Environmentalism is Dead – Welcome to the Age of Anthropocentrism [McKibben’s Divestment Tour – Brought to You by Wall Street: Part XIIII of an Investigative Report]

Using the Keystone XL (KXL) campaign as an example, the billionaire Warren Buffett (financial advisor and close confidant to Barack Obama) legally funneled over 26 million dollars (as of 2011) into the Tides foundation. In turn, Tides doled out the money to NGOs that would campaign against the tar sands pipelines, including the KXL, which became the focal point of not only all tar sands campaigns, but the primary focal point of the “environmental movement” in North America. Hence, while all eyes were on a single pipeline (KXL) for years, Buffet built a billion dollar rail dynasty with zero dissent. Today, more oil is being produced in North America than ever before. In 2013, rail delivered 407,761 carloads of crude (approx. 300 million barrels of oil). This amounts to more than a 4,000% increase from 9,500 carloads in 2008. [Source: The Association of American Railroads.] No one blinked an eye when on July 6, 2013 a train carrying Bakken Formation crude annihilated downtown Lac-Mégantic, Quebec killing 47, 5 of whom were literally vapourized. Many more environmental disasters and explosions due to crude-via-rail derailments would follow, as would more deaths.

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  • Obama’s Controversial Offshore Drilling Proposal Rests On Research Funded By Fossil Fuel Industry

    IBT’s Political Capital, By David Sirota and Clark Mindock, April 26

    To make its case for a new proposal that could expand offshore drilling in the Gulf of Mexico and near Alaska, the Obama administration recently released a report touting what it indicated would be the significant economic benefits of the plan. The apparently impartial, 279-page analysis said the initiative was a key component of President Barack Obama’s effort to support “safe and responsible domestic oil and natural gas production as a means to support economic growth and job creation.”

    Sparking protests around the time of the sixth anniversary of the Deepwater Horizon spill, the drilling plan would give fossil fuel companies more access to an untapped offshore reserve that holds an estimated 90 billion barrels of oil and 327 trillion cubic feet of natural gas. The U.S. Bureau of Ocean Energy Management (BOEM) report justifying that move came as some economists have raised questions about the idea that fossil fuel development is a major engine of job growth, and some have suggested that the economic ripple effects of such development have been overstated. But the report painted an optimistic portrait linking “expanded oil and gas activities” to increased economic activity.

    Buried in the BOEM report’s fine print, though, were footnotes shedding light on how the bureau came to its conclusions: it used studies from the same fossil fuel industry that could benefit from the expansion. Eight of the nine economic analyses cited by government regulators in their report were produced by authors or organizations with links to the fossil fuel industry — which has been lobbying the federal government on drilling issues in the lead-up to a decision.

    With environmental groups set to protest the offshore drilling plan in Washington Tuesday, the fossil fuel industry’s links to the studies underscored concerns about so-called cognitive capture: the growing effort by industries to quietly shape the basic research on which public policies are predicated.

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