Suzuki’s No Slave To The Economy

I hope we see meaningful changes in our economy, in time. There’s not a great understanding in our society that the economy is a system of resource distribution. We’ve enshrined it, even creating a phony holiday today when our retail gods go into the black.

It’s not that Canadian oil patches use slavery (don’t seem to, and they pay workers well), but an economy shouldn’t thrive on creation of injustice. An economy is supposed to create the conditions for prolonged success of people participating in it. When it’s found to be causing harm, it must change to adapt, or the harm grows and creates threats to societal success.

Yet Suzuki did offend people.

“People caught … working for the fossil-fuel industry will have to make a transition, they are not the target of my ire,” he reportedly said.

“But who would say today that the economy should’ve come before slavery?” Suzuki said.”
He could have said the same about child labour, or the factory disaster in Bhopal, India that killed tens of thousands of people. It was 50 years ago that #Nader held an industry to account for a product that was unsafe when used. Today, it’s fossil fuels.
“People dare to say it’s more important to make money?!” – Suzuki
Yes, people dare say it, just as they did when justifying child labour too.

Is seeking an analogy with which to compare an industry presently essential to our economy, yet undeniably harming our atmosphere, destined to cause offense? There are fainting couches ready all over the Saskatchewan Legislature, lest someone mention a reduction in fossil fuel output in the presence of Brad Wall. Some of those couches are staffed by the media with great big feather fans at the ready while asking if people want to “nuance” their message opposing a growing fossil industry. Does that mean we should never bring up the subject about how he’s going to meet the increase in renewable energy by 2030, if he doesn’t reduce fossil fuel dependency?

Suzuki also understands the urgent importance in reducing pollution.

About having Suzuki on his show, “Because I’m a shit disturber” – Suzuki
“The twerp in me loves it!” – Solomon
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Brad Wall’s Beef With A&W is 100% Bull Something

“TPP would allow milk from cows receiving hormones into Canada
U.S. allows bovine growth hormone currently banned in Canada”
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Joe, You Can Go Now

Why I’m really, really, really glad Joe Oliver isn’t Finance Minister anymore:

Keystone XL would have created jobs, bolstered ec growth, strengthened nat’l security, reduced GHG emissions and enhanced N Am energy indep
Therefore, disappointing President Obama rejected Keystone X. See yesterday’s article where I discuss implications. http://business. financialpost. com/fp-comment/..[thiscrapisntworthreadingfurther]
See my interview #CBC #newsworld on disappointing Keystone rejection & triumph of politics & symbolism over facts.

Enabling more bitumen to flow from Alberta would not lower GHG emissions, so you can bet the rest of his claims are false too.

The day before:

See my article in Nat’l @nationalpost on need to diversify energy mkts given likely rejection of Keystone XL.

So, is diversification of our economy a good thing, or do we want to focus only on oil and gas? Go and eat your cake Joe, and then have it too.

Say’s Law – Supply Creates Demand

“A well-known dictum of macroeconomics is Say’s Law: that supply creates demand.”

I independently discovered this, I didn’t know it was called Say’s Law.

Before I created the Pet Foil Hat Technology, no one bought foil hats for pets. My supply, created the demand.
The same can be said for plenty of things in dollar stores, and even Value Village shelves at Halloween.

The Bank of England explains how it’s liable to overlook climate change action, until it’s too late.

Human drivers are judged extremely likely to have been the dominant cause of global warming since the mid-20th century.
The horizon for monetary policy extends out to 2-3 years. For financial stability it is a bit longer, but typically only to the outer boundaries of the credit cycle – about a decade.

In other words, once climate change becomes a defining issue for financial stability, it may already be too late.

This paradox is deeper, as Lord Stern and others have amply demonstrated. As risks are a function of cumulative emissions, earlier action will mean less costly adjustment.

The desirability of restricting climate change to 2 degrees above pre-industrial levels leads to the notion of a carbon ‘budget’, an assessment of the amount of emissions the world can ‘afford’.

Such a budget – like the one produced by the IPCC – highlights the consequences of inaction today for the scale of reaction required tomorrow.

What Are Market Predictions?

“Mon, Aug 17, 2015 – 8:15 AM
Bill Baruch, chief market strategist, iiTrader joins BNN to discuss why he’s watching crude oil to move sharply higher today.”
“oil will rally today” is the BNN video title, but I didn’t hear the trader say that, but he did say a rally by midweek. In the video he notes $35 oil is realistic in the near term (which was actually a better prediction), and it will be unlikely to rebound to $60 if production levels stay similar to now.

Crude’s drop below $38 marks ‘epic’ time in the oil market
Published: Aug 24, 2015 11:27 a.m. ET

The MarketWatch graph shows there was no rally on the 17th, oil finished the day down.

Quite the “midweek” “rally”.

In early trade on Monday morning, the price of West Texas Intermediate was down about 5.7% and traded as low as $38.13 a barrel, a new post-financial-crisis low for the commodity that has been getting hacksawed this year.

WTI prices are down about 60% against a year ago, and after finding some stability earlier this year,

If oil gets down to below about $30, the Tarsands are no longer profitable to exploit! No wonder the Premier of Sask is shitting bricks about his bet on oil while totally neglecting renewable energy investments.

Brad Wall On “Sustainably Developing Our Energy Resources”

Originally posted on John Klein - Regina:

Brad Wall says “…we need to do better in terms of more sustainably developing our energy resources…”

Unfortunately what he means is he wants to find ways of ensuring fossil fuels and uranium come out of the ground at an increasingly profitable pace, no matter the world’s demand/need for such things.
Greg Fingas views it as such, too.

He notes that oil pride goes “Before the fall”. (Although technically oil prices have already fallen.)

The government’s climate change policy works like this: extract every last drop of fossil fuel then pray to God that no one uses it.” – G. Monbiot
I’ll add that they hope no one uses it, so long as someone first buys it. Perhaps we need to consider if…

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Shared Knowledge Conference – Regina

These videos are from the second day of the Shared Knowledge Conference at the Core Ritchie Centre, the second weekend of June.

Jim Elliott with many interesting (and terrifying) facts about Regina’s watershed system.

James and Brooke of Sound Solar Systems:

Next, I presented on Bitcoin and alternate currencies being used to build alternate economies apart from the monetary systems provided by governments.

Dan B. of Tradebank Regina

Lindsay H. wraps up with what’s in store for next time.