Monday, October 26, 2015

Big Change Maybe

The faintest of wry smiles comes across my face when I find something that even barely hints at the prospect of the death of Commodification coming sooner than expected.

From a short bit at NASDAQ earlier this month:
The critical natural gas transit country, Ukraine, reached a supply agreement in the last week of September with the EU’s largest fuel supply partner: Russia.
One could argue that this agreement could actually have come too late. Natural gas supply to Europe heading into winter 2015 seems more secure than ever before, a sharp contrast to the icy winters of 2006 and 2009, in which Russia cut off natural gas supply to Eastern Europe over a conflict with the Ukraine. The following factors have turned the European natural gas market from a ‘’beggars can’t be choosers” into a true “buyers’ market’’.
And this from CNBC today:
Kilduff said gas was being hit by expectations a record amount of natural gas will soon be in storage. Weekly data show gas storage at 3.81 trillion cubic feet, and the record is 3.929 trillion cubic feet in November 2012.
The Energy Information Agency predicts a peak of 3.956 trillion this November, said Kilduff, who projects it to reach more than 4 trillion. He said the most recent weather report shows above-normal temperatures for the eastern region, a significant user of heating fuels

The oversupply is also causing problems. "The producing region is at a record storage level," said McGillian. He said if more gas is forced into the spot market, the price will drop even more.
But then again, I can't ignore that this is part of the little political game we love to play.  So instead of taking any real steps toward understanding that resources are limited and we have to figure out how to move ourselves past the self-destructive nonsense of Chop-It-Down-Burn-It-Up-Dig-It-Up-Burn-It-Down, here's what I think is most likely to happen.


Not much that's different anyway.  And prob'ly nothing but the usual and customary crap of tax-payers gettin' stuck with the check.  We more or less bank-rolled the drive for all this "energy" - sweetheart tax incentives and access to public land; roads and utilities; and sometimes direct subsidies; not to mention having the watchdogs conveniently look the other way while Halliburton (eg) gets to poison the living fuck outa everything.  Plus, we get to pay for some pretty high-priced consultants and PR pricks to make the products of USAmerica Inc more palatable to "foreign markets" etc etc etc.  And now that those markets are reacting to a supply glut (that we manufactured btw), guess what all those high-rollin' entrepreneurial self-made macho assholes are gonna do next.  I think we can pretty much count on 'em to go crying to "their" congress critters that the sugar bowl's empty now and they just can't possibly be expected to take it all on their-own-poor-selfless-selves to clean up the ginormous fucking mess they made while soaking the last dime's worth of life from one more patch of a dying planet.

We can bumper-sticker-ize it: Privatized profits and Socialized costs, but here's the kicker - since they did it on our dime (and because nobody's complaining about 2-dollar gas), they can make a lot of us believe they did it all because we asked them to do it.

And they can make it stick - shit, we'll pay 'em to do it.

And they can do it all over again next time.

No soul and no honor.

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