United States - Sept 20
by Staff
Click on the headline (link) for the full text. Many more articles are available through the Energy Bulletin homepage
... The question thus arises: how does Palin's experience as a maestro of petropolitics bear on her candidacy for vice president? To begin with, it should be clear that she has nothing in common with the leaders of any other state. Although it is true that Texas produces more oil per day than Alaska, Texas is no longer a petrostate, since its economy has become so much more diversified. Alaska is virtually alone in possessing a large (oil-supplied) state budget surplus--now about $5 billion--at a time when most states and the federal government are facing massive deficits and citizen groups are rising up in fury at the prospect of budget cuts. Palin is simply unqualified to deal with the demanding economic realities of any nation that is not a petrostate. Second, Palin's only real nitty-gritty legislative experience is in measures aimed at expanding oil and gas production, to the virtual exclusion of other factors, including the environment. Although critical of the cozy ties between her GOP predecessors and Big Oil, Palin, like them, views Alaska as an unlimited source of raw materials to be exploited for maximum economic benefit, much like the leaders of comparable petrostates (Kuwait, Nigeria and Venezuela). She says she cares about the environment, but her support for drilling in ANWR and her eagerness to push the AGIA pipeline through forests in Alaska and the Yukon suggest otherwise. We can only assume that, as veep, she would favor similar policies in the Lower 48, entailing more drilling, digging and pipe-laying in environmentally sensitive areas. Finally, much like the leaders of other petrostates that depend on oil sales to fill government coffers, Palin is leery of efforts to promote renewable sources of energy and other petroleum alternatives--the exact opposite of running mate John McCain's proclaimed objective and that of most members of Congress.
It is no accident that environmental crisis is gathering as social injustice is deepening and growing inequality is impairing democratic institutions. Each is the result of a system of political economy--today's capitalism--that is profoundly committed to profits and growth and profoundly indifferent to nature and society. Left uncorrected, it is an inherently ruthless, rapacious system, and it is up to citizens, acting mainly through government, to inject human and natural values into that system. But this effort fails because progressive politics are too feeble and Washington is more and more in the hands of powerful corporations and great wealth. The best hope for change in America is a fusion of those concerned about the environment, social justice and strong democracy into one powerful progressive force. This fusion must occur before it is too late. Sadly, while environmentalists have been winning many battles, we are losing the planet.
Can the collapse of Lehman Brothers ram a rare taste of reality into the campaign? The facts are plain. John McCain enthusiastically backed every one of George Bush's moves to deregulate the banks and the mortgage industry that caused this collapse, while Barack Obama opposed them. This isn't just a credit crunch; it's a conservatism crunch. The right got their dream of a totally unregulated "shadow" banking sector – and it swiftly imploded, bringing the world economy down with it... ...McCain knows his stances on the economy and foreign policy are opposed by 80 per cent of the population as barely-trimmed Bush. So he needs to toss up a confetti of distraction-issues instead – and Palin was the biggest distraction of all. This attempt to run down the clock was working with slick efficiency until the stock exchange's opening bell started to sound like a death-knell. He is gathering fistfuls more of confetti as we speak... |
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