The mainstream Media, business media as well blogosphere including the otherwise sane bloggers with uncanny prophetic exaltation welcome brand new cool thing, so-called “disruptive technologies” that are changing the world as we know it daily and even nightly as we sleep. A learned class of worshipers of the technological innovation as panacea to all economic and social ills grows louder and louder pushing us or rather bullying us into the new Age of Disruptive Innovation and out of the Age of Reason that apparently went out of fashion among world’s financial elites.
The phony Water crisis however, in most of the state “continues”.
But that’s old and continuous story [California Desert Water Story]. Anybody who spent there few years knows that drought in California may check out but never really leaves [while every 4-6 years rescinds somewhat]. However, roots of what’s actually going on in California are much deeper than the climate, arrogance, or ignorance of those in charge. It’s all about the malfeasance covered up by propaganda of water austerity.
When in the early fifties during one of the UNESCO sponsored conferences some voices from Europe and Asia began to raise previously unidentified issue, a threat of so-called demographic bomb with destructive potential exceeding that of thousands of nuclear weapons. A call for action was largely ignored by the world ruling elites basking in its economic success on the ruins of WWII and happily choking on smoke of their greatness. Proponents of urgent action argued that within several decades, the trajectory of exponential growth of the world population would have been unsupportable even by the entire world’s natural resources.
Game over. Almost ten years of hype soon will be over and buried together with billions of tons of contaminated mixture of water, chemicals and broken rocks responsible for devastation of countless communities and ecosystems throughout the US and the world. The bill for this misadventure is coming due while M.S.M propaganda proclaims: it’s OK, there is no problem, since US oil industry made countless billions over the years to weather price slump and cover expenses.
The problem is however, that over last decade and even before, no shale oil fracking companies, never ever, made a cent of profit from shale oil or gas, even at $120 per barrel and definitely not now. It was all Wall Street conceived, developed and driven, game of misleading and pretending, cruel game of illusion and fraud made possible by Feds deliberate ZIRP and QE+ money pump into casino-like, extremely speculative financial instruments, bordering to insanity.