By Tom Murphy, Do the Math
Some while back, I found myself sitting next to an accomplished economics professor at a dinner event. Shortly after pleasantries, I said to him, “economic growth cannot continue indefinitely,” just to see where things would go. It was a lively and informative conversation. I was somewhat alarmed by the disconnect between economic theory and physical constraints—not for the first time, but here it was up-close and personal. Though my memory is not keen enough to recount our conversation verbatim, I thought I would at least try to capture the key points and convey the essence of the tennis match—with some entertainment value thrown in. Read more…
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BY ANDREW DAMON, WSWS.ORG
Thank you, WSWS.ORG
Deepwater Horizon oil spill – May 24, 2010 – with locator (WIKIPEDIA)
Thank you, WSWS.ORG
Two years ago yesterday, an explosion at the BP-run Deepwater Horizon oil rig in the Gulf of Mexico killed 11 workers and unleashed an oil spill that resulted in the worst environmental catastrophe in US history.
Before it was finally capped nearly three months later, the erupting well released 4.9 million barrels of oil, making it the largest accidental oil spill ever. It caused hundreds of billions of dollars in damage to the local economy, from Texas to Florida. Its impact on human health and the gulf ecosystem will last for decades, with consequences that are not fully known. Read more…
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Obama – Big Oil Truths and Elisions
“Clean coal” hits the river. Image from Keep WV Wild. Please click on picture for larger image.
On March 29th, President Obama engaged in some of the most honest discussion of the realities of oil and oil corporations I have heard from a politician. He also engaged in some big lies of omission (elisions). So let’s start with the “truths.”
(I have included the video of President Obama’s speech on 3/29/2012, and my transcript of same, at the end of this article so that readers can get the the points in context.) Read more…
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By Roberta Seldon
James Inhofe: The man from oil. No bigger piece of cheating scum has sullied the earth for a long time. The continuing presence of this criminal in the US Congress is an apt reflection of the utter corruption of this body and the ineffectiveness of what passes for democracy in our day.—Eds
The Waxman-Markey climate bill is a good investment for the United States to make in our own economic future and in the future of the planet, an NYU study reports. Yet Congressional Republicans continue to fight climate change legislation every step of the way — all for the sake of big oil.
In a video I posted last month, Senator James Inhofe (R-Okla.) told Fox News Radio’s Alan Colmes that “the bureaucratic dream is to control carbon,” he said in reference to the notion that global warming is merely a hoax. Liberals want government to control our lives, and “if you control carbon, you control life,” he added. Read more…
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Is there a technological solution to global warming?
