The Beginning Of Wisdom - or - Disaster Is On Its Way

Benny Peiser's Global Warming Policy Foundation Reports The Next

 Energy Revolution, And The Saudis Gambled and Texas Won

My Take - Over the next four years everything is going to change and for many reasons.

First, the demographic pyramids of most of the world's nations are out of balance, with far too many old people being supported by far too few young people.  Social Security will no longer be self funding, and Medicare will be out of control, and that doesn’t include Medicaid.  The young coming up will not be able to generate the capital the baby boomers did. Capital that was largely wasted by the profligacy of the leftist thinkers of an incompetent and corrupt federal government.   In order to maintain any of these social programs they will either have to massivly cut benefits or pass massive taxes on a young population too small to handle that kind of taxation.  Or both!  And in the next four years, by 2020, the world will be dumping all this expensive and wasteful “green” insanity like someone puking rotten food because there won’t be any money for it.

Secondly, the massive amounts of oil and natural gas being generated in the Unites States as a result of fracking will change everything in the Middle East, and the rest of the world.  The nations of the Middle East are not in any way homogenous.  They’re filled with conflicting religious issues and tribal medieval groups with modern weaponry.  They’re a mess and the only thing holding them together is the wealth their oil generates.  That’s just about over.  These Middle East countries are going to face crises as we’re seeing in Syria.  And they’ve earned it.  The key will be how the leftist multiculturalists handle the mass immigration of Muslims into the west.  Muslims that will still try to destroy the west.  We need to get that!

Putin has been seemingly been playing the bully.  Actually he’s scared to death and feels he has no choice.  His economy is collapsing, his society is deteriorating, and his population is shrinking and all at a frightening rate.  He just hopes Russia is still in existence by 2030.

The Next Energy Revolution - Over the last decade, the biggest change in energy was how and where hydrocarbons were removed from the earth. The United States led this change. However, a different kind of energy revolution will take place between now and 2025. While the last decade was about the energy buried in the earth and how to get it out, the next decade will be about how the energy already removed from the earth is moved across it. An energy-transit revolution has begun. The consequences of this next energy revolution will be geopolitical and important. --John Richard Cookson, The National Interest, 4 September 2015

U.S. Oil Exports: Coming Soon? - America could soon be exporting a lot of oil. Momentum is building fast on lifting the ban on U.S. oil exports. Some believe the ban may not even live to see its 40th birthday this December. A powerful combination of forces, starting with the massive United States shale oil boom, cheap gas prices and the Iranian nuclear deal is propelling this move much quicker than anybody expected. The effort is picking up a lot of political support in both Houses of Congress. Barton said he hopes to give the American people a "Christmas present" by getting a bill on President Obama's desk before the end of the year. --Matt Egan, CNN Money, 8 September 2015

Britain’s Electricity Network In ‘Uncharted Territory’ As Blackouts Loom - Britain faces potential power shortages in the next four years. According to Mr Atherton the problem started with the Labour government under the former Prime Minister Tony Blair which committed Britain to unachievable targets for building renewable energy capacity. The suspicion is that Mr Blair went into European climate talks in 2007 not even knowing the difference between energy – which covered everything from transportation to home insulation – and electricity. Almost a decade later, this possible schoolboy error by Mr Blair and his negotiating team could lead to blackouts for the “first time in living memory”, Mr Atherton believes. --Andrew Critchlow, The Sunday Telegraph, 6 September 2015

Glenn Hegar: The Saudis Gambled and Texas Won - Energy innovators across the U.S. will always beat those who bet against capitalism.    In November 2014, the leaders of Saudi Arabia made one of the biggest bets in history. Their strategy was flawed, and they’ve already lost. In an OPEC meeting that month, Saudi Arabia announced it would maintain high oil-production levels despite falling prices. The Saudis were betting that by keeping prices low they could protect their market share and kill America’s energy renaissance—a rebirth driven largely by Texas, which...The Wall Street Journal, 2 September 2015
For Russia, Oil Collapse Has Soviet Echoes - Dependence on oil and gas revenue has undermined Russia’s long-term economic fortunes.  For most countries, the economic slowdown in China and the accompanying slump in commodity prices represent something between nuisance and pothole. For Russia, they are a catastrophe. The Wall Street Journal, 2 September 2015