Climate Inaction Is Like A Global Ponzi Scheme That Is Paid Into By Future Generations.

Before and After: Tar sands extraction

Uncle Charlie (Ponzi) would be so proud.

There’s a great article, “Global Ponzi Scheme Revisited: How Climate Inaction Betrays Our Children And Future Generations,” by Joe Romm on ThinkProgress. From the article:

“Fundamentally, homo ‘sapiens’ sapiens has constructed the grandest of Ponzi schemes, whereby current generations have figured out how to live off the wealth of future generations. We are all in essence Bernie Madoffs (many wittingly, most not) or at least his most credulous clients.”

It’s an update to an article Mr. Romm wrote in 2009 and the comparison is still spot on. Another powerful quote from the article:

“Madoff is reviled as a monster for targeting charities. We are targeting our own children and grandchildren and on and on. What does that make us?”

[Think Progress]

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Is The Keystone XL Pipeline Decision A “Shit Or Get Off The Pot” Climate Crossroads For President Obama?

Keystone XL Pipeline decision and President ObamaWith tar sand oil, I truly believe that nature was trying to tell us to leave the stuff in the ground by making the franken-oil so costly to extract. Tar sand’s oil is the shit sandwich of liquid fuels and we’ll be sucking on it for 50 years if the 2000 mile Keystone XL pipeline is approved. President Obama volleyed the decision forward into his second term but he’ll soon have to make a tough choice that environmentalists believe will show what side of the climate change issue he’s on.

But wait – are members of his own party who oppose Keystone XL already giving him preemptive out?

Here’s a quote from Henry Waxman on President Obama’s upcoming decision (Guardian):

“This [Keystone XL] is only a small issue compared to the overall objective that the president and we want to achieve. What would you like me to do? Should I say to the president, ‘If you don’t agree with me on Keystone, I’m not going to work with you on solving the climate change issue’? That would be a little bit childish and counterproductive.”

Henry Waxman… really? Sure sounds like Rep. Henry “Future of our economy lies in clean energy, not increasing our reliance on the dirtiest source of gasoline imaginable” Waxman, who is political bros. with President Obama, is giving him a free pass on this issue and that worries me.

If I were to place a bet today, I would put my money on President Obama approving the Keystone XL pipeline. I think Rep. Waxman’s current take on the decision is very telling – it’s like he’s readying himself for the bad news from the President he normally supports. We’ll see how it plays out. [Guardian]

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How Do You Turn Tar Sands Into Oil? (Hint: It’s Not Pretty)

Tar Sands OilScientific American posted a slide-show outlining the labor intensive, energy consuming, chemically extracted and waste producing steps needed to turn tar sands into oil. The coal industry must love this! Thanks to tar sands oil, big-coal’s new slogan might be: “We suck less!” [Scientific American]

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