Keystone Pipe Lies

Wow…Keystone XL…50 permanent jobs and nearly $50,000,000 in “property taxes” **over the next decade** for the country. Meanwhile…


“[Keystone XL] would have the capacity to deliver up to 830,000 bpd, of which 730,000 bpd of capacity has been set aside for [tar sands] and the remaining 100,000 bpd of capacity set aside for [Bakken] crude oil,” the report details.

Which at current prices…roughly $75/barrel * that’s $62,250,000…per day…not per decade (and nearly $22,721,250,000/year…so a few hundred million for lobbying is barely material).

Anyway, the main reason this is a big deal is because Koch Industries has a big piece of the tar sands oil, but has to pay more to send it anywhere for refining. The problem with the pipeline for most is that it increased risk (i.e. after the Koch Bros assholes die in the next few years and their heirs are even bigger dicks and stop maintaining the pipeline and it pops) for the people where it exists with no actual benefit to those people.

It is a perfect example of the “publicize the risk and privatize the profit” type project that NEARLY EVERYONE claims to hate in reality. While it is true, yes, some Dems have also been bought by the Kochs and support the project, there is NO QUESTION that one the main reasons guys who hate politics just gave hundreds of millions of dollars to politicians is to get their pipeline built.

And now that it worked, it’s going to be the first bill the lame-duck-prelude-to-the-Jim-Crow-Congress** sends to the President’s desk.

One of the things I’m so happy for is that oil and gas prices have PLUMMETED as they so often do in this boom and bust industry. Investments in explorations and infrastructure (yes, including pipelines) has long term effects on market prices. We’ve had a boom in drilling and exploration and infrastructure (extraction/fracking), and so the prices have plummeted.

Had they *not* plummeted previously, the claim that the transportation of the raw materials part of the price of gasoline was *really going to change* because of Keystone XL, might have actually gained some traction. Had we BUILT the pipeline, and prices plummeted as they have, the Kochs would have looked like the Market Gods they think they are.

Instead we saw prices plummet as the President “dawdles” (i.e. stick to what he’s said all along…he’s going to take his time and not force anything though, if it works at at all) and the Kochs go the raw political brute force route for approval.

This takes the wind out of the “it’ll lower the record high gas prices!!” part of the argument for approval, which was the main force pushing the public at large. Because of this, I don’t think it’s going to be approved while Obama is in office…but we’ll see a lot more b.s. about it.

* oil/gas price dynamics are a billion dollar industry unto themselves, so please excuse my massive paraphrasing.

** Yes, I’m going to call the Congress elected by the lowest voter turnout in 70 years (nearly twice my lifespan) the Jim Crow Congress. While the media elites might tell you voting was down because people don’t care (a self-fulfilling prophecy for the powerful), in reality I know lots of folks who were TURNED AWAY AT THE POLLS. Since I don’t know all the folks, I know that a certain percentage of the folks you know, were also TURNED AWAY AT THE POLLS. This means that a certain percentage of all folks were TURNED AWAY AT THE POLLS.

If you don’t think I think this is a big deal, please re-read the bolded statement again, and again, and again. We should *always* be working to EXPAND voting rights, because it is one of our most fundamental ideals. If you want to worry about our Democracy and “The Future of Our Country” , worry about this, because it’s the fundamental way a democracy functions and a populace communicates with itself.

So…for the next two years (and maybe more), it’s the Jim Crow Congress. The GOP doesn’t get to hide behind a slim Senate minority anymore. Own the assholeness, GOP, you’ve earned it.

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How the Tea Party funders get their juice (and fire those who figure it out)

Koch Brothers Flout Law Getting Richer With Secret Iran Sales- Bloomberg http://mobile.bloomberg.com/news/2011-10-02/koch-brothers-flout-law-getting-richer-with-secret-iran-sales.htmla

Fred was an early adviser to the founder of the anti- communist John Birch Society, which fought against the civil rights movement and the United Nations. Charles and David have supported the Tea Party, a loosely organized group that aims to shrink the size of government and cut federal spending.

These are long-standing tenets for the Kochs. In 1980, David Koch ran for vice president on the Libertarian ticket, pledging to abolish Social Security, the Federal Reserve System, welfare, minimum wage laws and federal agencies — including the Department of Energy, the Federal Bureau of Investigation and the Central Intelligence Agency.

What many people don’t know is how the Kochs’ anti- regulation political ideology has influenced the way they conduct business.

A Bloomberg Markets investigation has found that Koch Industries — in addition to being involved in improper payments to win business in Africa, India and the Middle East — has sold millions of dollars of petrochemical equipment to Iran, a country the U.S. identifies as a sponsor of global terrorism.

The ‘Koch Method’

Internal company documents show that the company made those sales through foreign subsidiaries, thwarting a U.S. trade ban. Koch Industries units have also rigged prices with competitors, lied to regulators and repeatedly run afoul of environmental regulations, resulting in five criminal convictions since 1999 in the U.S. and Canada.

From 1999 through 2003, Koch Industries was assessed more than $400 million in fines, penalties and judgments. In December 1999, a civil jury found that Koch Industries had taken oil it didn’t pay for from federal land by mismeasuring the amount of crude it was extracting. Koch paid a $25 million settlement to the U.S.

Yup, “job creators” at work.

 

I thought it was a fair question.

Why, Obma? Why?

In a post-economic apocalyptic present, President Obama fights shotgun and chainsaw versus the end results of 30 years of voodoo economics and the walking dead firms it created.

UPDATE:  BTW, the two guys who benefited, arguably, the most personally from Reaganomics (these are the folks everything “trickled down” to) are mentioned once or twice in this article.   If you want to track where the power animating the Zombie army attacking Obama comes from (i.e. the source of the evil in Zombie movies), that article is a good place to start.