“GAME CHANGER”... or just more nocturnal emissions
Four-time Walkley Award winning political commentator and Churchill Fellow, has returned to the fray over concern that the integrity of news dissemination is continually being threatened by a partisan media.
The Fairfax Left has opted for “GAME CHANGER” and is glowing in orgasmic delight that global warmth is about to be addressed globally. Unfortunately it’s simply not true. The joint announcement of CO2 reductions by China and the US is tantamount to an announcement that the two majors have resolved to do absolutely nothing but what they are doing already.
Barack Obama’s close mates in Saudi Arabia have turned on him and reduced oil prices by up to 25 per cent sending the US fracking industry into meltdown.
Fracking oil and gas from shale is a very expensive process and it only remains viable while imported OPEC oil prices remain high. The Saudis are terrified of US self-sufficiency in energy and have declared economic war on the massive fracking industry.
Thousands of fracking sites across America are being vandalised by the Saudis as they slash oil prices to rock bottom in a destructive price war.
The Saudis believe that six months of oil prices at $65 per barrel will be enough to wipe out fracking in the US.
Low prices will also dissuade Western exploration.
But here’s the backlash for the avaricious Saudis who survive only on Western oil dependency: The 2,000 km Keystone XL pipeline from Canada to US refineries will now be completed. It has so far been stymied by environmentalists who have had Obama’s ear.
But Obama’s ear is worthless without a majority in either the Senate or Congress. US energy imperatives will now find a pragmatic level despite Obama’s grand emissions announcement which has been music to the ears of the ABC and Fairfax.
And the Greens’ Christine Milne just had her first climactic emission for a whole year.
Equally, Xi Jinping’s promise to start reducing China’s emissions by 2030 (did he really say, “start to” and "by 2030?") is an empty undertaking. China will continue to increase its use of Australia’s coal until China decides nuclear or hydroelectricity are cheaper alternatives.
The truth about this fatuous dual emissions announcement is that an impotent Obama has convinced Xi Jinping to undertake exactly nothing in order to get global warming on the agenda at Brisbane’s G20 after Tony Abbott had declared his lack of interest in the warming hoax.
Obama’s ploy will not succeed in Brisbane. Nor will it get traction back home as the US suffers its third straight early winter with new lot of record low temperatures.
As reported here three months back: Be prepared for an all-out UN war on global warming sceptics (realists) in preparation for next year’s Paris Conference on Climate Change.
Hmmm, what do they say the first casualty of war is again?