Fracked Shale Oil Wells Drying Up Faster than Predicted, Wall Street Journal Finds

By Sharon Kelly , DeSmogBlog, January 10, 2019 In 2015, Pioneer Natural Resources filed a report with the federal Securities and Exchange Commission, in which the shale drilling and fracking company said that it was “drilling the most productive wells in the Eagle Ford Shale” in Texas. That made the company a major player in what local trade papers were calling “arguably the largest single …

A Wealth Tax Could Raise Trillions — and Save Our Democracy

A Wealth Tax Could Raise Trillions — and Save Our Democracy, by Chuck Collins, in The Hill, February 02, 2019 See further down a local wealth tax effort/Clean Energy Fund in Portland… Most progressive solutions to massive levels of inequality have focused on taxing income at the very top at a higher rate. But taxing income alone fails to address these multi-generational icebergs …

Psychology of money

Excerpted from The Food Sharing Revolution: How Start-Ups, Pop-Ups, and Co-Ops Are Changing the Way We Eat by Michael Carolan. Copyright © 2018 Michael Carolan. Island Press, Washington, D.C. In 2006, Kathleen Vohs, at the University of Minnesota’s Carlson School of Management, and her colleagues published an article titled “The Psychological Consequences of Money” in the journal Science. In one study, participants were primed …

Community lending + creating business models driven by social purpose, not single pocketbook priorities

Hidden in Plain Sight: Across the country, Americans in all walks of life are creating companies with business models driven by social purpose, not just their own pocketbook priorities. Frances Moore Lappé, Common Dreams, January 19, 2019 Cooperative Home Care Associates (CHCA) honored by NYC Dominican Parade Association and CHCA workers march in the parade on August 14, 2016. In our capitalist …

Power of public banking: Renewables generated 41% of Germany’s electricity in 2017, up from just 6% in 2000; and public banks provided over 72% of the financing for this transition.

The Financial Secret Behind Germany’s Green Energy Revolution The “Green New Deal” endorsed by Rep. Alexandria Ocasio-Cortez, D.-N.Y., and more than 40 other House members has been criticized as imposing a too-heavy burden on the rich and upper-middle-class taxpayers who will have to pay for it. However, taxing the rich is not what the Green New Deal resolution proposes. It says funding would …

Take back the grid: Start a Community Ownership of Power Administration (COPA), modeled after the New Deal’s Rural Electrification Administration

This paper, co-written by Jackson Koeppel, executive director of Soulardarity in Highland Park, Michigan, and Liz Veazey, network director of We Own It, proposes a component of the Green New Deal that is explicitly designed to free communities from the unjust power of investor-owned utilities for the sake of not only de-carbonization but in order to transform our economy so it serves everyone. It’s …

Can Cooperatives Save Us From The Next Economic Crisis?

Nathan Schneider:  I think we have a tremendous opportunity to allow those kinds of financing mechanisms that we saw in the 1930s to ensure that our governments are supporting, investing in co-operative businesses locally, rather than trying to lure extractive businesses into their community, spending all kinds of money to do that. Also, in tech regulation, ensuring that our new …

Seattle moves to new transportation level of service guidelines and responsibilities for developers

By Robbie Webber, Seattle moves to new transportation level of service guidelines, January 14th, 2019 at SSTI, in land use, mitigation policy, Seattle, TDM On January 14, the Seattle Council is set to vote on new regulations for developments to support changes in adopted transportation level of service. As part of the 2016 Comprehensive Plan, LOS was redefined to reflect specific target rates for different modes in eight …

“Securitization” or Ratepayer Obligation Charge (“ROC”)Bonds for Stranded Coal and Other Fossil Fuel Plants

Opposition to CO HB19-1037—“Securitization” or Ratepayer Obligation Charge (“ROC”)Bonds for Stranded Assets These talking points will be revised as more information about the bill becomes available. Representative Chris Hansen introduced his “securitization” bill (HB19-1037) on Friday January 4, 2019.  It’s important to think very carefully before signing on to this bill with some of the reasons to oppose the bill …

The Next Financial Crisis Lurks Underground: Fueled by debt and years of easy credit, America’s energy boom is on shaky footing

By Bethany McLean, NYTimes.com  Ms. McLean, whose book about Enron was turned into an Oscar-nominated documentary, is the author of a new book about the fracking industry.  Sept. 1, 2018 About 20 years ago, an entrepreneur named George Mitchell proved that it was possible to get lots of oil and gas out of parts of the earth long thought to be sucked dry, …