Astronomical Profits, Sabine Pass, Cameron, Freeport, Corpus Christi, Cove Point. These are American Liquid Natural Gas Terminals pressed into service to send Liquid Natural Gas to Europe. When you blow up the Nord Stream Pipeline, you have to step up. America has stepped up.
"If Russia invades, that means tanks or troops crossing the border of Ukraine again, then there will be no longer a Nord Stream 2. We will bring an end to it." - President Biden
2022 showed the largest oil profits of all time. America is on a fossil fuel export bonanza. Figures for 2023 are not yet tallied. They will be huge.
Shale rock is being fracked as fast as it can be fracked. Natural gas is being shipped as fast as it can be liquefied. Permian Basin oil is being pumped as fast as the donkey heads can nod. Like a tobacco addict looking for smokes, oil companies can't stop jonesing for profits. Investors need to get paid, so oil must be pumped. Once found, oil can not be left in the ground. Capitalism does not work that way. Capitalism is a system of unconstrained extraction. Once oil is found, it becomes private property.
Smoke em if you got em . Pump it because you can.
The past peak end game begins. Things do not look good. Most people don't know what past peak means. (Past the peak of fossil fuel extraction) Expecting people to know that rising to the peak of fossil fuel extraction moved the world into overshoot is a fantasy. Knowledge of peak extraction is not common. Knowledge of overshoot is no better known.
For a hundred years the smartest in the room have known there would be a peak followed by collapse. Those who spoke up have been, and are, shouted down. Knowledge of peak fossil fuels and the consequences of crossing the peak of fossil fuel extraction is suppressed. Profit always kicks wisdom to the curb. It is a feature of the system.
Global heating is a horrible thing. The biosphere is being destroyed, and capitalist humanity has started an anthropogenic mass extinction. The Bourgeoisie responsible for this are the same people who addicted society to cheap oil. They did this to maximize their personal affluence. They did this knowing the resource they controlled would run out. That was fine with them.
Carbon Fee and Dividend (1) can give citizens control over fossil fuels. The American people can decide to continue the Ukraine war or end it. A citizen assembly controls Carbon Fee and Dividend rates. It is a feature of the system. Citizen control is a cornerstone of Carbon Fee and Dividend (2) . Pump too much, and the tax goes up. Power to the people does not have to be a dream. Peace does not have to be a dream.
The crisis with the biosphere is out of control. Capitalism is not responding to the crisis. A new way must be demanded. Carbon credits could give people power. It is a start. But it won't happen without you.