Frack, Like Crack, Is Whack: A Compendium of #cdnpoli Questions and Facts…

Frack, Like Crack, Is Whack

A Compendium of Questions and Facts…

As 2014 rushes in with an inadequately apologetic CEO Stephen Harper, sowing the seeds of discontent, we feel the need to explore for ourselves, with specific “targeted” detail, the “bubbles” that are behind the Harper Regime’s deceptive, ineffective and costly, Economic · Extraction · Action · Plan.

This an Urgent Call to Action against unfettered speculative commodities extraction actions and land grabs that will only lead to the eventual plummeting of property values, as the end of the commodities super cycle, converges with the bursting of the Enronesque shale gas bubble, coupled with the “short” fall of the CDN petro-dollar and unsustainable housing market. And yes, there is a difference betweewn shale oil and shale gas.

Please keep in mind that this is a precursor to a rather overly ambitious open source project that will be made available, in various web-accessible formats, to be used and abused as necessary that intends to develop a concise timeline of the transfer of power and wealth to global speculators via the Harper Regime. The reason for this effort is simple and urgent. When information is inaccessible it is easily suppressible and wide open to speculative manipulation. Historically and by design, this type of speculation only benefits those investors that can accurately short the market before the market corrects itself. These are typically politically connected insiders that cycle with elections and operate in a global environment that allows them to offshore their assets within various safe haven currencies.

This collaborative research project intends to economically disprove the fundamentally unsound speculative economic “energy super power” theory that the Regime is “selling” to it’s base as economic diplomacy abroad to secure votes based upon economic speculation. These economic facts will provide additional data that can be utilized from the ground up within local and regional jurisdictions by Municipalities to insulate themselves from the eventual long term costs associated with early exposure to short term speculative market return hype.

This issue ties right into the opaque housing market conundrum that is being driven by condo speculators, simply flipping condos that are actually worth less than the “sale” price,  just like the shale gas speculators are flipping worthless wells to those willing to “buy” the hype. Basically “We the People” intend to Burst Harper’s Bubble and while this is not an easy task, it is indeed already underway but not well coordinated across all fronts, especially when it comes to the numbers.

Let us make no mistake the Harper’s rushed mission to Israel is nothing more than the purposeful placement of short term speculative “Canadian” corporate interests ahead of the long term costs associated with speculative LNG fracking exploration within the Golan Heights, which btw, is indeed Syria, which in case you may have missed it, has been embattled in an almost 3yrs long “war” against an alQaeda insurgency that is publicly backed and financially by Harper Regime Allies, Israel, Saudi Arabia and Qatar and covertly through NATO via Turkey, Libya and Iraq.

This speculative intervention is NOT in the best interests of Canada as only occupying speculators and land grabbers prosper while the occupants of the lands suffer insecurity and instability as it spreads to Lebanon and Jordan.

The fact is that the Harper Regime is indeed funneling, aka: investing, “our” tax dollars into purely speculative markets via legislative interventions and subsidies. Not only that but, they are doing this during a period of ongoing collapse within the resource extraction sector which is nearing the end commodities super cycle, aka: bust. We know that these bursting bubbles only benefit a small minority of insiders that short the market at the expense of the majority that provide the bailouts over the long term. Over the past 100 or so years these results have historically shown the same wealth redistribution trends and more recent examples are the Financial sector Govt bailouts, LIBOR, Enron, Savings and Loan Crisis, etc.

We realize that many are already engaged in various ways and understanding that there are dozens of financial and social mismanagement issues related to their ideological obsession with balancing the deficit that they themselves hyper-inflated to record levels. Sure a good ol’ fashioned tar sands and bird flu feathering in the public square would be nice while other bazooka campaigns and shotgun approaches are effective, sometimes snipers are the most effective weapon against speculators.

Before we publicly publish any links to the pending project, we would like to inquire if there is any interest in active participation as we seek to move forward in as efficient manner as possible. At this point, we require hundreds of documents, charts, graphs and images to be transcribed and converted into text format so that the data can be presented with web-accessible standards. As this process slowly unfolds we intend to compile additional archived and supporting data and organize the data into chronological order, by category/topic on an independent stand alone website.


Dissecting the the NYT Shale Gas Bubble emails

DRILLING DOWN

Documents: Industry Privately Skeptical of Shale Gas

Over the past six months, The New York Times reviewed thousands of pages of documents related to shale gas, including hundreds of industry e-mails, internal agency documents and reports by analysts. A selection of these documents is included here; names and identifying information have been redacted to protect the confidentiality of sources, many of whom were not authorized by their employers to communicate with The Times.

EXPLORE THE DOCUMENTS

Signs of Trouble

Stoking Excitement About Shale Gas

Industry Doubts on Shale Gas Economics

Questioning Company Claims


WTF is Green Fracking?

The heavy subsidies and lobbying efforts that the Harper Regime is doling out on behalf of, and to the carbon based fossil fuel industries that contradicts the supply/demand principles of pricing fossil fuels that is always subject to the continuous boom/bust cycles. The fact is that as technology improves they will not have a chance of competing with increasingly efficient solar/wind/renewable micro-grid electricity systems in providing the ever growing energy needs.

There is a lot of attention being placed upon fracking for a variety of reasons, including environmental concerns but we must keep in mind that the Harper Regime are doing nothing more than fueling shorts in the speculative market activities in order to achieve inflated budget numbers. This presents itself in their subjective and speculative short term vision investments in much the same way as the way the condo market, which is, contrary to popular belief, traded like a commodity. This speculation is fueling an artificial rise in actual home prices in some markets that in the short term will boost the financial sectors ans since homes are not considered commodities and prices are rising due to condo markets one can expect a fairly significant “correction” once the speculators exit the market in favour of quick high yield investment opportunities abroad.

The often overlooked, outside global investors circles, is the looming bust that always follows a commodities boom, aka: commodities super cycle, that will certainly affect the global economy in disastrous ways for the vast majority. We need only to look towards the ongoing global currency wars, the US Fed’s QE liquidity intervention mechanisms and the reliance upon state sponsored investment in China along with our overvalued dollar to forecast the future trends in the financial sectors once the CDN Dollar corrects vs the US Dollar in concert with the corrections with the Pound, Euro and Yuan. Then there is Germany, that is not embracing consumption and imports as a method for building a strong national economy but continuing it’s reliance upon high quality exports to maintain it’s financial dominance.

The focus of global commodities investors is in consumable, rather than renewable commodities. This is in reference to “one use” commodities, such as oil and natural gas, as opposed to renewable commodities that can be recycled, such as copper and iron. We need only look towards the recent announcement of the departure, aka: cashing out, of Peter Monk, founder of Barrick Gold, to forecast the future trends with regards to the mining sectors.

Without considering that the a large portion of our agriculture is already being diverted and utilized for bio-fuels already, this is also problematic when taking into consideration that “developing” nations are not embracing the “high protein” foodstuffs and diets as intended. That drive was anticipated by the “developed” nations to fuel the profits of the fertilizer sectors, think potash, and the GMO sectors, think “resistant” to fertilizer seeds. We need only look towards the recent announcement of the closing of plants and massive layoffs at PotashCorp and the rejection of GMO’s in developing nations to forecast the future trends with regards to those sectors.


Reverse Chronological Explorations:
Cost vs Benefits, Key Players, Speculation vs Actual

2013

America’s greenest energy source
By Deroy Murdock
December 4, 2013 | 1:24am
http://nypost.com/2013/12/04/americas-greenest-energy-source/

Commodities bust
Power and Politics CBC Dec 3, 2013
Investment guru Jim Rogers weighs in on the low prices that are hurting mining
http://www.cbc.ca/player/News/Business/Lang%20&%20O%27Leary%20Exchange/ID/2422036568/

Canadian dollar short positions on the rise
Jonathan Ratner | December 3, 2013 8:06 AM ET
http://business.financialpost.com/2013/12/03/canadian-dollar-short-positions-on-the-rise/

Poland: After the Shale Gas Bubble
Published December 2, 2013
Dimiter Kenarov, for the Pulitzer Center
http://pulitzercenter.org/reporting/poland-pennsylvania-energy-shale-gas-fracking-farming-water-bubble

Why Goldman Sachs recommends shorting the Canadian dollar
Michael Babad The Globe and Mail
Published Thursday, Nov. 28 2013, 7:27 AM EST
Last updated Thursday, Nov. 28 2013, 4:40 PM EST
http://www.theglobeandmail.com/report-on-business/top-business-stories/why-goldman-sachs-recommends-shorting-the-canadian-dollar/article15648571/

Expect a lower Loonie, steady interest rates, rising house prices in 2014
Canada’s economy and its affect on everyday investors was a hot topic Wednesday with RBC, the IMF, the Conference Board of Canada and Goldman Sachs all chiming in.
by MoneySense staff November 27th, 2013
http://www.moneysense.ca/must-read/expect-a-lower-loonie-steady-interest-rates-rising-house-prices-in-2014

Short these two commodity currencies: Goldman Sachs
November 27, 2013, 12:04 PM
http://blogs.marketwatch.com/thetell/2013/11/27/short-these-two-commodity-currencies-goldman-sachs/

Goldman Sachs investing tip for 2014: ‘Short the loonie’
SCOTT BARLOW — The Globe and Mail
Published Wednesday, Nov. 27, 2013 2:14PM EST
Last updated Wednesday, Dec. 04, 2013 4:32PM EST
http://www.theglobeandmail.com/globe-investor/inside-the-market/goldman-sachs-investing-tip-for-2014-short-the-loonie/article15631182/

Is the commodities supercycle over?
Short-term rebound off the table
Nov 4, 2013 Bryan Borzykowski
http://www.canadianbusiness.com/investing/is-the-commodities-supercycle-over/

Here comes the Commodity Super cycle: Part 2
Submitted by Sprout Money on 10/14/2013 06:04 -0500
http://www.zerohedge.com/contributed/2013-10-14/here-comes-commodity-super-cycle-part-2

Fracking: Boom or Bubble?
By Breakbulk Staff on October 14, 2013
http://www.breakbulk.com/breakbulk-news/industry-sector/government-regulation/fracking-boom-or-bubble/

U.S. Shale-Oil Boom May Not Last as Fracking Wells Lack Staying Power
By Asjylyn Loder October 10, 2013
http://bambooinnovator.com/2013/10/11/u-s-shale-oil-boom-may-not-last-as-fracking-wells-lack-staying-power/

U.S. Shale-Oil Boom May Not Last as Fracking Wells Lack Staying Power
By Asjylyn Loder October 10, 2013
http://www.businessweek.com/articles/2013-10-10/u-dot-s-dot-shale-oil-boom-may-not-last-as-fracking-wells-lack-staying-power

Video: The ‘commodity supercycle’ is likely over
Economist Nouriel Roubinir, Sep. 26 2013
http://www.theglobeandmail.com/report-on-business/video/video-the-commodity-supercycle-likely-over-roubini/article14541010/

Is the Commodity Supercycle Dead?
Nicholas J. Johnson, Greg E. Sharenow, September 2013
http://www.pimco.com/EN/Insights/Pages/Is-the-Commodity-Supercycle-Dead.aspx

Resource revolution: Tracking global commodity markets
September 2013 | byRichard Dobbs, Jeremy Oppenheim, Fraser Thompson, Sigurd Mareels, Scott Nyquist, and Sunil Sanghvi
http://www.mckinsey.com/insights/energy_resources_materials/resource_revolution_tracking_global_commodity_markets

The Commodity Supercycle: Why It’s Time to Choose Consumables Over Reusables
By Minyanville, August 30, 2013, 10:00:00 AM EDT
http://www.nasdaq.com/article/the-commodity-supercycle-why-its-time-to-choose-consumables-over-reusables-cm271620

Take advantage of the end of the commodity supercycle
DAVID BERMAN, Wednesday, August 21, 2013
https://secure.globeadvisor.com/servlet/ArticleNews/story/gam/20130821/GIMARKETBLOGSUPERCYCLE0820ATL

The Fracking Chickens Are Coming Home To Roost
Published on August 20th, 2013 | by Tina Casey
http://cleantechnica.com/2013/08/20/the-fracking-chickens-are-coming-home-to-roost/

Shale Grab in U.S. Stalls as Falling Values Repel Buyers
By Matthew Monks, Rebecca Penty and Gerrit de Vynck 2013-08-18T23:00:02Z
http://www.bloomberg.com/news/2013-08-18/shale-grab-in-u-s-stalls-as-falling-values-repel-buyers.html

Commodity supercycle in rude health despite shale
By Ambrose Evans-Pritchard, 7:40PM BST 31 Jul 2013
http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/10214989/Commodity-supercycle-in-rude-health-despite-shale.html

Investors, Analysts See End of Commodity ‘Supercycle’
Popular Bet in Global Financial Markets—That Prices Would Keep Rising—Is Unraveling
Christian Berthelsen, Updated July 22, 2013 12:46 a.m. ET
http://online.wsj.com/news/articles/SB10001424127887324144304578619672666497416

Shale Skeptics Take On Pickens as Gas Fuels Policies
By Edward Klump 2013-07-15T14:42:54Z
http://www.bloomberg.com/news/2013-07-14/shale-skeptics-take-on-pickens-as-gas-fuels-policies.html

The Fracked-up USA Shale Gas Bubble
By F. William Engdahl
Global Research, July 14, 2013
http://www.globalresearch.ca/the-fracked-up-usa-shale-gas-bubble/5326504

Oh, Canada
How America’s friendly northern neighbor became a rogue, reckless petrostate.
BY Andrew Nikiforuk JULY 1, 2013
http://www.foreignpolicy.com/articles/2013/06/24/oh_canada?print=yes&hidecomments=yes&page=full

How to Play the End of the Commodity Super Cycle
By Sam Mattera – May 22, 2013
http://beta.fool.com/sammattera/2013/05/22/how-to-play-the-end-of-the-commodity-super-cycle/34903/

The commodity supercycle is dead – Citigroup
Jonathan Ratner | 22/05/13 | Last Updated: 23/05/13 8:48 AM ET
http://business.financialpost.com/2013/05/22/the-commodity-supercycle-is-dead-citi/

Bets against loonie hit all-time high
Data from U.S. regulator suggests investors losing faith in Canadian dollar
CBC News Posted: Apr 22, 2013 12:42 PM ET Last Updated: Apr 22, 2013 2:56 PM ET
http://www.cbc.ca/news/business/bets-against-loonie-hit-all-time-high-1.1366577

Loonie unruffled by massive short positions
Jonathan Ratner | 23/04/13 | Last Updated: 23/04/13 3:14 PM ET
http://business.financialpost.com/2013/04/23/loonie-unruffled-by-massive-short-positions/

Six Reasons Fracking Has Flopped Overseas
Jeff McMahon, Contributor Tech |4/07/2013 @ 9:00AM
a href=”http://www.forbes.com/sites/jeffmcmahon/2013/04/07/six-reasons-fracking-has-flopped-overseas/” title=”Six Reasons Fracking Has Flopped Overseas Jeff McMahon, Contributor Tech | 4/07/2013 @ 9:00AM”>http://www.forbes.com/sites/jeffmcmahon/2013/04/07/six-reasons-fracking-has-flopped-overseas/

Hedge Funds Most Bearish on Loonie in Bias Bets: Canada Credit
By Cecile Gutscher and Ari Altstedter 2013-03-05T13:45:23Z
http://www.bloomberg.com/news/2013-03-05/hedge-funds-most-bearish-on-loonie-in-bias-bets-canada-credit.html

Shale Oil and Natural Gas – Whose Bubble is Really About to Burst?
4/03/2013 @ 2:36PM
http://www.forbes.com/sites/davidblackmon/2013/04/03/shale-oil-and-natural-gas-whose-bubble-is-really-about-to-burst/

FROM BOOM TO BUST: A TYPOLOGY OF REAL COMMODITY PRICES IN THE LONG RUN
David S. Jacks March 2013
http://www.sfu.ca/~djacks/papers/workingpapers/w18874%20(typology).pdf

Regarding Our Current Commodity Super Cycle
Richard (Rick) Mills
http://aheadoftheherd.com/Newsletter/2013/Regarding-Our-Current-Metals-Commodity-Super-Cycle.htm

2012

Fracking: is the UK right to go ahead?
Leo Hickman, theguardian.com, Thursday 13 December 2012 10.43 GMT
http://www.theguardian.com/environment/blog/2012/dec/13/fracking-shale-gas-uk-davey

Drill Baby Drill! The Fracking Bubble is Bursting!
http://www.dailykos.com/story/2012/08/15/1119969/-Drill-Baby-Drill-The-Fracking-Bubble-is-Bursting

The Natural Gas Massacre Gets Bloodier
Wednesday, May 23, 2012 at 10:26PM
http://www.testosteronepit.com/home/2012/5/23/the-natural-gas-massacre-gets-bloodier.html

Hydrofracking
February 22, 2012
http://blogs.cas.suffolk.edu/09mmosqu/2012/02/22/hydrofracking/

Super-cycles of commodity prices since the mid-nineteenth century
Bilge Erten and José Antonio Ocampo, February 2012
http://www.un.org/esa/desa/papers/2012/wp110_2012.pdf

Buy, Sell or Hold: CARBO Ceramics, Inc.(NYSE: CRR) Are the Glory Days Over?
By Jack Barnes, Global Macro Trends Specialist, Money Morning · January 17, 2012
http://moneymorning.com/2012/01/17/buy-sell-or-hold-carbo-ceramics-inc-nyse-crr-are-glory-days-over/

Shale Gas Bubble: Bloomberg News Confirms NY Times Finding That Fracking Boom Is a Bust
Brendan DeMelle Wed, 2012-01-11 07:47
http://www.desmogblog.com/shale-gas-bubble-bloomberg-news-confirms-ny-times-finding-fracking-boom-bust

U.S. Shale Bubble Inflates After Near-Record Prices for Untested Fields
By Joe Carroll and Jim Polson 2012-01-09T20:30:32Z
http://www.bloomberg.com/news/2012-01-09/shale-bubble-inflates-on-near-record-prices-for-untested-fields.html

2011

Commodities Run in Supercycles
By Peter D Schiff 12/20/2011
http://www.financialsense.com/contributors/peter-schiff/2011/12/20/commodities-run-in-supercycles

What the Frack? Is there really 100 years’ worth of natural gas beneath the United States?
By Chris Nelder
http://www.slate.com/articles/health_and_science/future_tense/2011/12/is_there_really_100_years_worth_of_natural_gas_beneath_the_united_states_.html

Understanding commodity super-cycles
May. 15, 2012/ Troy Media
http://www.troymedia.com/2012/05/15/understanding-commodity-super-cycles/

More Fracking News
Tuesday, April 12, 2011
http://ecologicalsociology.blogspot.ca/2011/04/more-fracking-news.html

Assessment of the Greenhouse Gas Footprint of Natural Gas from Shale Formations Obtained by High-Volume, Slick-Water Hydraulic Fracturing
Robert W. Howarth
David R. Atkinson Professor of Ecology & Environmental Biology, Cornell University
(Revised April 11, 2011)

http://www.eeb.cornell.edu/howarth/publications/GHG_update_April_11_2011.pdf

2007

Betting on a commodities supercycle marathon
A “win-win” market is a rarity at the best of times, let alone in periods of financial stress, but investors are betting big on a hyper-extended commodities bull run to hedge against worst-case scenarios elsewhere.
By The Calgary Herald, November 8, 2007
http://www.canada.com/story_print.html?id=1f317d71-113a-4cc8-a8bd-ec1596fc747f&sponsor=dumpharper


Additional Exploration

Uncategorized

Clean Trade vs. the Resource Curse
Leif Wenar – Professor of Ethics at Kings College London
Published October 2009
http://cddrl.stanford.edu/publications/clean_trade_vs_the_resource_curse/

Covering Oil: A Reporter’s Guide to Energy and Development
August 3, 2005 Central Eurasia Project
http://www.opensocietyfoundations.org/publications/covering-oil-reporters-guide-energy-and-development

Does a Long-Term Natural-Gas Downturn Signal that Investors Should Exit?
By Marin Katusa, Chief Energy Investment Strategist
http://www.caseyresearch.com/print/does-long-term-natural-gas-downturn-signal-investors-should-exit

Is Fracking Safe? The Top 10 Controversial Claims About Natural Gas Drilling
By Seamus McGraw
http://www.popularmechanics.com/science/energy/coal-oil-gas/top-10-myths-about-natural-gas-drilling-6386593-6

The Hard Facts About Fracking
By Elizabeth Svoboda
http://www.popularmechanics.com/science/energy/coal-oil-gas/the-hard-facts-about-fracking

Understanding the Life Cycle and Regional Impacts of Hydraulic Fracturing in the Marcellus Shale Basin
http://switzernetwork.org/grant-programs/awards/understanding-life-cycle-and-regional-impacts-hydraulic-fracturing-marcellus-s

China: Is the Commodity Super-Cycle Over?
https://doc.research-and-analytics.csfb.com/docView?language=ENG&format=PDF&document_id=955907241&source_id=em&serialid=MR0yEwEMzvUvGRTeDObs7Q7rDc3HnFI8S2OhMVxOD%2BA%3D


Further Research:

Cost vs Benefits, Key Players, Speculation vs Actual

When income grows, who gains?
State of Working America
Use the sliders on the timeline to select a timespan, and see how growth in average income was shared between the richest 10% and the other 90% of Americans. All figures are in 2008 dollars
http://stateofworkingamerica.org/who-gains/

Income inequality: It wasn’t always this way
Andrea Orr, February 9, 2011 | Economic Policy Institute
http://www.epi.org/publication/income_inequality_it_wasnt_always_this_way/

Wealth Distribution and Inheritance
by JOE POWERS on OCTOBER 12, 2012
http://beyondbitsandatomsblog.stanford.edu/fall2012/jpowers1/wealth-distribution-and-inheritance/

Wealth Inequality Is MUCH Worse Than You Realize
MICHAEL KELLEY, MAR. 5, 2013, 1:35 PM
http://www.businessinsider.com/inequality-is-worse-than-you-think-2013-3

A Rise in Wealth for the Wealthy; Declines for the Lower 93%
An Uneven Recovery, 2009-2011 | Pew Social and Demographic Trends
BY RICHARD FRY AND PAUL TAYLOR

http://www.pewsocialtrends.org/2013/04/23/a-rise-in-wealth-for-the-wealthydeclines-for-the-lower-93/



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