Green is Now Smart Green

Rusty oil drums in Chukotka, Russia © Staffan Widstrand / WWF

So, the other day the value of petroleum fell below zero.

Yes. A barrel of the stuff once touted as "Black Gold" on the likes of the 1960s Beverly Hillbilly's TV show is now worth "nothin’"... as in less than a penny.

"On Monday (20 Apr 2020), the price of WTI plunged to record lows, closing in negative territory for the first time, at about negative $37 per barrel, as traders worried about scare storage capacity for a supply glut of the commodity." (businessinsider.com)

Ah, that's -$37 per barrel. It could go even lower, down, down, down, around -$100 or more.

This morning, amid the COVID-19 pandemic, we find ourselves at a rare tipping point. Even though the price of a barrel of oil, along with stock market in general, is making a comeback (thank you for the market comeback) we now have a society changing opportunity to distance ourselves from our predatory capitalistic, earth/humankind-killing oil and gas industry.

 Please see, A Brief History of Big Tax Breaks for Oil Companies, motherjones.com, 14 Apr 2014.

and
Don’t Bail Out Oil and Gas — Use the Money for Environmental Cleanup Instead, Sharon Zhang, Truthout, 26 Apr 2020.

and
Fact Sheet: Fossil Fuel Subsidies: A Closer Look at Tax Breaks and Societal Costs, 29 July 2019.

Today, every other source of energy production is cheaper that oil and gas.

Even for hardcore capitalists it must be crystal clear that sustainable energy investment is smarter than antiquated oil and gas investment.

It’s time to make a game plan change and go smart green. From a society built to benefit the wealthy and their corporations to one built to benefit human beings... all of us.

Please go here for more.

Flatt & Scruggs - The Ballad of Jed Clampett (Theme from The Beverly Hillbillies) - 1962