Cory Gardner: Oil Shale Shill Tries to Wear Green

November 3, 2014

In Tuesday’s election in Colorado, Koch fueled Theocrat and Oil Shale Shill Cory Gardner, running for Senate, is trying to pretend he cares about a sound economy and a viable planet.
His record however is clear.

Just in case you know anyone in Colorado.

Hill Heat:

Gardner is a “long-time friend” of Americans for Prosperity Colorado head Jeff Crank, and is known to have appeared at the Koch’s 2014 summit in California. AFP and the Koch super PAC Freedom Partners have spent over $3 million supporting Gardner’s candidacy, primarily by attacking Udall. Koch Industries is Gardner’s top campaign contributor this cycle. Gardner, who joined Congress in 2011, has raked in $772,000 in campaign contributions from the oil & gas industry.

TRANSCRIPT:

We have to stand up to the radical environmentalists, the social engineers who believe that we must stop. And in Colorado we know that threat is real. We know they’re going to try to stop something that is creating jobs on the eastern plains and the western slope of this great state. We know they’re going to try to say no to the Marcellus, no to the Bakken. They’ve already tried to say no to the Keystone pipeline. But you know what? We know we’re going to win because of the power of our individual job creators. They are right, they are with us. And when the individuals realize what is at stake in this country, we will rise up, and we will win. The shale revolution is real.

Now, if you have a strong stomach, check out Garder’s attempt to wrap himself in Wind power.

 

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15 Responses to “Cory Gardner: Oil Shale Shill Tries to Wear Green”


  1. […] In Tuesday's election in Colorado, Koch fueled Theocrat and Oil Shale Shill Cory Gardner, running for Senate, is trying to pretend he cares about a sound economy and a viable planet. His record how…  […]

  2. andrewfez Says:

    It’s shale for the win. Get out your pedal bikes fellas and let’s push oil down to $75 to get rid of ’em the old fashion way…

    • dumboldguy Says:

      Exercise is good, but the Saudis are already pushing prices down in an attempt to drive the more expensive forms of oil off the market. And we have just approved the Cove Point MD LNG export facility.

      PS Did you know that the S&P has averaged gains of 20% after mid-terms that resulted in a Repugnant Congress when the presidency was held by a Democrat? (But only 4+% when the reverse was true). Did you know that gridlock in DC is viewed as good for the stock market?

      Load up on stocks, Andrew, even though you will be helping to perpetuate the capitalist model that is destroying us. Just don’t be greedy—-cash out early enough to buy gold, guns, and survival supplies and maybe you’ll survive the coming crash (for a while).

      • andrewfez Says:

        Well with EU and China slowing and the end of Quantitative Easing I’m a bit more bearish presently. When the correction started last month, and before that when the Russians started closing shop on EU oil/gas, I sold my BP and Exxon stock. The correction has aborted for now, but most stocks are not currently value priced, so it’s a hard choice on what to do with the extra cash (I have to reinvest the XOM stuff as it was in my non-tax-sheltered account, and if i don’t reinvest I’ll get stuck paying capital gains).

        Solar stocks are down today – wonder if it has anything to do with the election – ha, ha!

        • dumboldguy Says:

          “….and if i don’t reinvest I’ll get stuck paying capital gains”.

          Not to pick on you for being a “good American” and participating in what makes America so great, but I have little sympathy for you having to pay capital gains tax at a rate far below what the rate should be. Are you an “11 percenter” like Romney? (I thought you were a (relatively) poor kid from W VA who understood what was destroying this country).

          • andrewfez Says:

            I’m not sure what the rate is – maybe 15%? My understanding is the rate isn’t presently a function of the magnitude of positive gains (though certain folks in Washington were trying implement traditional (pre-Bush) rates on wealthy stock sellers a while back, i believe). So if i make only a $10 gain, i still owe $1.50 in taxes unless i reinvest within a prescribed period. I’m middle-class. I usually invest at $1,000 per stock and run my retirement funds like a mutual fund.

    • jimbills Says:

      Andrew – It won’t last. The fundamentals of the oil game have prices rising higher and higher.

      The three main causes of the current drop are: fears of lower demand in Asia, oil surplus in the States from fracking, and lowered prices from Saudi Arabia.

      If oil prices drop lower, demand in Asia will rise, causing oil prices to rise again. If oil prices drop a few more dollars, fracking operations will slow, causing oil prices to rise again.

      Saudi Arabia is fighting the U.S. right now because of fracking. If they can drop the prices a bit more, they think they’ll stop enough fracking to bring the oil game under their control again:
      http://finance.yahoo.com/news/brent-edges-down-towards-84-055311587.html

      “The Saudis have basically declared war on the U.S. oil producers,” said Phil Flynn at Price Futures Group. “I think they believe that the only way they’re going to survive in the long term is to break the market in the short term.”

      But again, if the goal is reduce fracking operations, prices will only rise, bringing more fracking online again as time passes.

      If one looks closely at oil production the past few years, there’s a detectable stall in conventional oil output that’s only been covered up by a surplus in unconventional output (fracking):
      http://oilprice.com/Energy/Crude-Oil/Global-Oil-and-Other-Liquid-Fuels-Production-Update.html

      The one alternative is if the Saudis overplay their hand, and prices drop so low that fracking operations pull out en masse, setting up a near-term and sudden shortfall in supply, causing a panic in the markets, which then in turn would seize up credit flows, which then would amplify a further drop in production and supply. That would create a huge hiccup in the economy, and then anything goes.

      • dumboldguy Says:

        Aaaaargh! Now you’ve done it with “…..That would create a huge hiccup in the economy, and then anything goes”. Halloween is past and you shouldn’t be trying to scare the kid with horror stories of how his dreams of wealth could disappear overnight.

        The real holiday season now approaches. Thanksgiving is near, and we should be thankful that the midterm elections have given us such an abundance of turkeys in Congress. We should also be looking forward to Christmas, by which time Turtle Face McConnell should have come up with the list of presents the Repugnants are going to give America in 2015. Ho-Ho-Ho America!

        PS I am thinking of turning my idea for a Halloween costume into a Christmas lawn decoration—-Frosty the Dark Snow Man—-anyone want to invest?

        • dumboldguy Says:

          PS Forgot to mention that high on the list of presents the Repugnants want to give every American is COAL in all its ramifications. It’s not just for “bad boys and girls” anymore, it’s for EVERYONE. Along with idiot Cory Gardner’s “bipartisan natural gas”.

        • jimbills Says:

          My wife asked me today if I was upset about the elections. I shrugged and said, “It is what it is.” I’m just happy I got to vote for someone with the name “SpicyBrown Sanchez” on the ballot. Freakin’ awesome:
          http://www.texastribune.org/2014/10/31/state-pappy-and-kinky-why-not-spicybrown-senate/

          Anyway, my theory is that America is on a one-way street in a speeding vehicle. With the Democrats we take the foot of the pedal for a few seconds, and with the Republicans we smash the foot down, but it’s the same eventual destination.

          • dumboldguy Says:

            It’s great that someone with as “cool” a name as “SpicyBrown“ran. A welcome change from all those TX pols like W, Perry, Cornyn, and others that are nicknamed “Stupid”, “Ignorant”, “Deluded”, etc.

            I’m not too upset with the election results either. It’s actually an opportunity for the country to see how recklessly the Repugnants drive when they’re at the wheel. The ghost of Chesty Puller is whispering in my ear, and he sees it too.

            “All right, they’re on our left, they’re on our right, they’re in front of us, they’re behind us…they can’t get away this time.”

            “Great. Now we can shoot at those bastards from every direction.”

            “We’re surrounded. That simplifies our problem of getting to these people and killing them”

            Of course he was talking about the Chosin Reservoir, but the situation is analogous. (And he walked out of it—let’s hope the USA does also)

      • andrewfez Says:

        You touched on credit flows, and i’ll say a few more words about it with regard to fracking. As the cost of oil declines, the profit from fracking does as well, but there is a secondary effect to this: the cost of borrowing money or issuing bonds also goes higher for these particular companies, as the investment is seen as relatively more risky by banks and bondholders. So revenue declines and the cost of operations increases simultaneously.

        The oil/gas analyst on the news the other day was saying 6 to 12 months of low oil cost could put a dozen major US operations out of commission. It’s a win in the short term….

        Also I think the Saudis tried to increase production in 2005 at the request of the Bush Admin. but it had little affect on prices. I’m thinking demand + derivatives trading have the most hands on the reigns for now. Europe is still struggling with debt crisis problems – this more than acute oil prices i think is the short to mid term limiting factor in their demand. So there is at least some hope that the price could stay low enough to delay some fracking for a while.

        Then again, I haven’t slept but a few hours in the last few days, so i could be off in my thinking….

        • jimbills Says:

          Andrew – the sad fact is that if fracking does stop or slow significantly, the economy crashes. It’s just the way it is. I’m just as anti-fracking as anyone else here, but I’m also anti-growth, so believing fracking is propping up an inherently unstable economy doesn’t create a conflict for me.

          There is great concern in certain circles that the real limiting factor to fracking is credit. I think it’ll hit us either by a credit mechanism or just simply from the high decline rates in each well/field. It’s inevitable, really, but whether it comes sooner or later is a matter of speculation.

          • jimbills Says:

            This is kind of a hidden thread now, so I’ll throw out one more analysis of the situation.

            Ties this article:
            http://www.theguardian.com/environment/earth-insight/2013/dec/23/british-petroleum-geologist-peak-oil-break-economy-recession

            With this one:
            http://money.cnn.com/2014/11/05/news/economy/voters-obama-economy-four-charts/?hpt=hp_t2

            It explains A LOT about what’s going on. Basically, we’re at peak oil, but we just don’t fully realize it yet. The symptom is a sputtering economy, especially where oil prices are higher (as in Europe).

            It’s always been the case where the U.S. tires of a President in the last 2 years of an 8 year term. People get sick of the guy. I have my own reasons for being dissatisfied with President Obama, but then I tend to be on the far end of the political spectrum. It’s hard to understand, though, why Americans would be so tired of President Obama as to show this kind of result in the 2014 elections. It’s terrifically overblown. One reason would obviously be the propaganda of the right, the media, and the recent political ads – but it has to be more than that, too.

            President Obama has no major scandals, the stock market is at record heights, we’ve had no scarring military actions, and there are no urgent (on the surface, anyway) political matters at the moment.

            The only meaningful explanation is the stalled economy. The funny thing is, Americans have ZERO idea how good it is right now. Things could be so much worse. The chances are very high, in my eyes, that were at about as good as it can get economically. The rest is downhill from here, and within a few years at a likely probability.

            I was in a grocery super store the other day, and spent my time looking around, trying to see it with fresh eyes. It’s truly remarkable – something spectacular in the history of man. If we took any person from any period of time, and had them join me in that store, they would probably become unhinged. They’d think it was heaven.

            This is what a globalized, capitalistic system at full energy flow (and probably at its zenith) has created. Of course, we’re also stealing from the future to fund the present, and it’s both fundamentally immoral and impermanent in its nature, but just looking at it as it is now is practically breathtaking.

            Yet, Americans think that it’s so bad now. They have no idea.

          • dumboldguy Says:

            A few observations: “Basically, we’re at peak oil, but we just don’t fully realize it yet.” That’s because we keep pushing back the day of reckoning by looking for ever more expensive and difficult to access sources of fossil fuel and employing “improved” technology such as fracking to access them. It’s akin to the green revolution saving the human race from starvation, which did nothing mote than help him,an population to skyrocket and kick the can down the road.l

            “It’s hard to understand, though, why Americans would be so tired of President Obama as to show this kind of result in the 2014 elections. It’s terrifically overblown. One reason would obviously be the propaganda of the right, the media, and the recent political ads – but it has to be more than that, too”. IMO, it’s because the right and its wholly owned non-liberal MSM has used the tactic of deliberately and relentlessly hammering Obama, refusing to give him any credit and harping on his failings so that they could drag down the entire Democratic Party with him. The “more than that” is the return to the racism of the early days of his first term, albeit in a much more nuanced form. Behind the message of “government doesn’t work” is the message that women, poor people, gays, and “people of color in high places” are the reason, and the scared and ignorant “white folks” of red state America swallowed it whole.

            “I was in a grocery super store the other day, and spent my time looking around, trying to see it with fresh eyes. It’s truly remarkable – something spectacular in the history of man”. I go to a nearby superstore for groceries weekly and visited a shopping mall recently. To me, it’s more than “remarkable and breathtaking”, it’s nauseating and disheartening. One need do no more than look at the excess on display there to realize that we humans as a race are doomed.

            “Yet, Americans think that it’s so bad now. They have no idea”. Some of who are old enough and “paid attention in school” have a very clear idea. Having parents who lived through the Great Depression helped, but what is coming is going to dwarf that. If there are any historians left to write about it, it will be called the FINAL Depression.


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