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The United States is energy independent. Banning oil exports would lower oil prices. Strategic Petroleum Reserve releases lowered gasoline prices. There is a shortage of refinery capacity in the U.S. The cancelation of the Keystone XL Pipeline has limited U.S. oil supply and contributed to higher energy prices.

These popular memes are wrong.

The U.S. is not Energy Independent

The U.S. produced about 11.3 mmb/d of crude oil in 2021 and imported about 6 mmb/d of crude oil per day. That doesn’t sound very energy-independent.

When politicians and journalists talk about American energy independence, they’re not really telling the truth. They’re playing with truth. The energy independence meme confuses oil and refined products. They’re not the same. Let me review the facts.

The U.S. is a net importer of crude oil. U.S. net imports of crude oil averaged 2.9 mmb/d in the first seven months of 2022 (Figure 1 blue fill). That’s way down from almost 9.4 mmb/d during the same period in 2001, and moving in the right direction but it’s hardly energy independent.

The U.S. is a net exporter of refined products. Net exports averaged 5.9 mmb/d in 2022.

Figure 1. The U.S. is a net importer of crude oil & a net exporter of petroleum products. U.S. net imports of crude oil have averaged 2.9 mmb/d in 2022 and net exports of products have averaged 5.9 mmb/d. Source: EIA & Labyrinth Consulting Services, Inc.

The problem arises when crude oil and the products refined from it are combined. That’s the blue curve in Figure 3 and voila. A country that imports more oil than Europe uses, magically became a net exporter in October 2021.

Figure 3. The U.S. is a net importer of crude oil & a net exporter of crude + petroleum products. U.S. net imports of crude oil have averaged 2.9 mmb/d in 2022 and net exports of crude + product have averaged 0.9 mmb/d. Source: EIA & Labyrinth Consulting Services, Inc.

…click on the above link to read the rest…

Who Is Really Spreading Misinformed Disinformation?

September 20, 2022

Who Is Really Spreading Misinformed Disinformation?

Ne’er has there been more fertile ground that exemplifies how those in charge of the narrative are either (1) grossly incompetent, (2) saying what they need to simply to suit their own agenda, or (3) both – than the topics of Covid, inflation, Trump’s non-existent Russian collusion and Hunter Biden’s laptop.

Because I have written extensively about these issues over the last year, I had been putting aside a collection of quotes from the “authorities” on each topic. I thought this morning I would release all the quotes I had put aside as one giant compendium showing just how important it is to automatically agree with whatever our masters in the mainstream media/government suggest to us.

Given that we now know almost definitively (in my opinion) that Covid came from a lab, that inflation is here to stay, that Trump didn’t collude with Russia and that the laptop was definitely authentic, enjoy this trip down memory lane.

“You’re not going to get Covid if you have these vaccinations.” – Joe Biden, July 2021
“Fact: Covid-19 is NOT airborne.” – World Health Organization, March 2020
“Now we know that the vaccines work well enough that the virus stops with every vaccinated person. A vaccinated person gets exposed to the virus, the virus does not infect them, the virus cannot then use that person to go anywhere else,” she added with a shrug. “It cannot use a vaccinated person as a host to go get more people. [Vaccines] will get us to the end of this.” – Rachel Maddow, March 2021
“When people are vaccinated they can feel safe that they won’t get infected, whether they’re outdoors or indoors.” – Dr. Anthony Fauci, May 2021
“From the data we have, it still seems to be rare that an asymptomatic person actually transmits onward to a secondary individual. It’s very rare.” – Maria Van Kerkhove, PhD, head of WHO’s emerging diseases and zoonosis unit, March 2020

…click on the above link to read the rest of the article…

Lying About The Economy Will Only Make The Coming Crash Worse

August 2, 2022

Lying About The Economy Will Only Make The Coming Crash Worse

I don’t know who needs to hear this. Wait, yes I do. The Biden Administration.

I really don’t know how to describe the disturbing trend over the last few months of the Biden administration, along with Treasury Secretary Janet Yellen, simply lying to the American people about the economy.

Months worth of political spin has culminated in embarrassing recent attempts to redefine the word “recession”: a futile effort to pull the wool over an American public that is growing increasingly suspect both Biden and Yellen’s competence to be overseeing the the country, and the economy, respectively.

By now, the administration’s pathetic falsehood of a narrative about our economy has been called out, ridiculed, dismantled and generally beaten to death by anyone with a shred of common sense.

However, there is something far more important that people aren’t talking about: the administration lying about the health of the economy could wind up exacerbating any financial crisis that we have in the near future.

Put simply, the more you tell people that “everything is fine” when it isn’t, the more surprised and shocked they are going to be when markets start to panic.

I don’t think a market crash is an outrageous scenario that has no chance of happening, either. I noted in my latest portfolio update that I thought the market could have a short-term rally based on the idea of participants thinking that the Fed is preparing to pivot.

But over the course of the longer-term, the rate hikes that have already been put into place are going to eventually make their way to the economic-narrative-foreground in the form of huge forthcoming aftershocks throughout the economy.

…click on the above link to read the rest of the article…

Question Everything

July 27, 2022

Question Everything

The average person in the First World receives more information than he would if he lived in a Second or Third World country. In many countries of the world, the very idea of twenty-four hour television news coverage would be unthinkable, yet many Westerners feel that, without this constant input, they would be woefully uninformed.

Not surprising, then, that the average First Worlder feels that he understands current events better than those elsewhere in the world. But, as in other things, quality and quantity are not the same.

The average news programme features a commentator who provides “the news,” or at least that portion of events that the network deems worthy to be presented. In addition, it is presented from the political slant of the controllers of the network. But we are reassured that the reporting is “balanced,” in a portion of the programme that features a panel of “experts.”

Customarily, the panel consists of the moderator plus two pundits who share his political slant and a pundit who has an opposing slant. All are paid by the network for their contributions. The moderator will ask a question on a current issue, and an argument will ensue for a few minutes. Generally, no real conclusion is reached—neither side accedes to the other. The moderator then moves on to another question.

So, the network has aired the issues of the day, and we have received a balanced view that may inform our own opinions.

Or have we?

Shortcomings

In actual fact, there are significant shortcomings in this type of presentation:

The scope of coverage is extremely narrow. Only select facets of each issue are discussed.

Generally, the discussion reveals precious little actual insight and, in fact, only the standard opposing liberal and conservative positions are discussed, implying that the viewer must choose one or the other to adopt as his own opinion.

…click on the above link to read the rest of the article…

33 Problems With Media In One Chart

July 3, 2022

33 Problems With Media In One Chart

One of the hallmarks of democratic society is a healthy, free-flowing media ecosystem.

In times past, that media ecosystem would include various mass media outlets, from newspapers to cable TV networks. Today, the internet and social media platforms have greatly expanded the scope and reach of communication within society.

Of course, journalism plays a key role within that ecosystem. High quality journalism and the unprecedented transparency of social media keeps power structures in check—and sometimes, these forces can drive genuine societal change. Reporters bring us news from the front lines of conflict, and uncover hard truths through investigative journalism.

That said, as Visual Capitalist’s Nick Routley and Carmen Ang detail below, these positive impacts are sometimes overshadowed by harmful practices and negative externalities occurring in the media ecosystem.

The graphic above is an attempt to catalog problems within the media ecosystem as a basis for discussion. Many of the problems are easy to understand once they’re identified. However, in some cases, there is an interplay between these issues that is worth digging into. Below are a few of those instances.

Explicit Bias vs. Implicit Bias

Broadly speaking, bias in media breaks down into two types: explicit and implicit.

Publishers with explicit biases will overtly dictate the types of stories that are covered in their publications and control the framing of those stories. They usually have a political or ideological leaning, and these outlets will use narrative fallacies or false balance in an effort to push their own agenda.

…click on the above link to read the rest of the article…

Leftists Hate Free Speech Because They Fear Dissent, Not “Disinformation”

May 11, 2022

Leftists Hate Free Speech Because They Fear Dissent, Not “Disinformation”

I think one of the most bizarre social developments of the past 10 years in the US has been the slow but steady shift of the political left as supposed defenders of free speech to enemies of free speech. The level of mental gymnastics on display by leftists to justify their attacks on freedom and the 1^st Amendment is bewildering. So much so that I begin to question if liberals and leftists ever actually had any respect for 1^st Amendment rights to begin with? Or, maybe the only freedom they cared about all along was the freedom to watch pornography…

One can see the steady progression of this war on speech and ideas, and the end game is predictable: Is anyone really that surprised that the Biden Administration is implementing a Ministry of Truth in the form of the DHS Disinformation Governance Board? Can we just accept the reality at this point that leftists are evil and their efforts feed into an agenda of authoritarianism? Is there any evidence to the contrary?

Before I get into this issue, I think it’s important to point out that it’s becoming tiresome to hear arguments these days suggesting that meeting leftists “somewhere in the middle” is the best and most desirable option. I see this attitude all over the place and I think it comes from a certain naivety about the situation we are facing as a country. Moderates and “normies” along with people like Bill Maher and Russell Brand are FINALLY starting to realize how bag-lady-crazy leftists are and the pendulum is swinging back slightly. But, it was conservatives that were calling out the social justice cult and their highway to hell for years.

…click on the above link to read the rest of the article…

Homeland Security’s “Disinformation Board” is Even More Pernicious Than it Seems

May 5, 2022

Homeland Security’s “Disinformation Board” is Even More Pernicious Than it Seems

The power to decree what is “disinformation” now determines what can and cannot be discussed on the internet. It is now in the hands of trained disinformation agents of the U.S. Security State.

Official government portrait of Nina Jankowicz, appointed to serve as Executive Director of the new “Disinformation Board” to be housed within the U.S. Department of Homeland Security (posted by Jankowicz to Twitter)

The most egregious and blatant official U.S. disinformation campaign in years took place three weeks before the 2020 presidential election. That was when dozens of former intelligence officials purported, in an open letter, to believe that authentic emails regarding Joe Biden’s activities in China and Ukraine, reported by The New York Post, were “Russian disinformation.” That quasi-official proclamation enabled liberal corporate media outlets to uncritically mock and then ignore those emails as Kremlin-created fakes, and it pressured Big Tech platforms such as Facebook and Twitter to censor the reporting at exactly the time Americans were preparing to decide who would be the next U.S. president.

The letter from these former intelligence officials was orchestrated by trained career liars — disinformation agents — such as former CIA Director John Brennan and former Director of National Intelligence James Clapper. Yet that letter was nonetheless crucial to discredit and ultimately suppress the New York Post‘s incriminating reporting on Biden. It provided a quasi-official imprimatur — something that could be depicted as an authoritative decree — that these authentic emails were, in fact, fraudulent.

After all, if all of these noble and heroic intelligence operatives who spent their lives studying Russian disinformation were insisting that the Biden emails had all of the “hallmarks” of Kremlin treachery, who possessed the credibility to dispute their expert assessment?…

…click on the above link to read the rest of the article…

The People Behind DHS’s Orwellian “Disinformation Governance Board”

May 2, 2022

The People Behind DHS’s Orwellian “Disinformation Governance Board”

A “Disinformation Governance Board” has just been created and is going to be run by the Department of Homeland Security. Their primary goal is going to be to “police” what is deemed to be “misinformation” or “disinformation.”

No clarification has been given as of yet as to what this policing will mean, but it has been pointed out that the creation of this new Disinformation Governance Board is going to have the full strength of the DHS behind it.

DHS Secretary Alejandro Mayorkas said, “the goal is to bring the resources of (DHS) together to address this threat.”

Nina Jankowicz has been chosen to head up the new disinformation office as the executive director.

Nina Jankowicz

Jankowicz received her MA in Russian, Eurasian, and East European Studies from Georgetown University’s School of Foreign Service. A full list of the staff at the Walsh School of Foreign Service at Georgetown University can be found here.

Some of the current faculty/staff members within the Walsh School of Foreign Service are:

Jankowicz also spent time previously working with the Woodrow Wilson International Center for Scholars (also called the Wilson Institute) in the past as a disinformation fellow. A full listing of their staff can be found here.

Some of the current staff members, faculty, and associates at the Wilson Institute include:

Cynthia Arnson – Director of the Latin American Program
Shihoko Goto – Director for Geoeconomics and Indo-Pacific Enterprise/Deputy Director of the Asia Program
Duncan Wood – VP for Strategy and New Initiatives; Senior Advisor to the Mexico Instituted; Interim Director of the Global Europe Program
Lonnie Bunch III – Secretary of the Smithsonian Institution

…click on the above link to read the rest of the article…

The Media is the Number One Cause of War Since 1898

March 31, 2022

The Media is the Number One Cause of War Since 1898

In 1895, a 32-year old entrepreneur in New York City bought a failing newspaper and hatched a bold plan to turn it around.

The newspaper industry was cutthroat, especially in New York. There were at least 16 other daily newspapers in circulation, and there was fierce competition for readers’ attention.

But the young entrepreneur had an idea: thrill readers with tales of death, destruction, and brutality in the Cuban War for Independence against Spain.

Cuba was a Spanish colony at the time, but revolutionary forces had been fighting for independence for several years. Few people in the US really cared about Cuba. But the new publisher vowed to make them care.

His name was William Randolph Hearst. And his paper, the New York Morning Journal, constantly thrust Cuba in his readers’ faces.

Their stories were full-blown sensationalism. By early 1898, Hearst’s Journal was printing outright fabrications of atrocities committed by Spanish troops in Cuba, in an effort to whip up public support for the United States to join the war.

The government played along. While ‘war crimes’ did not yet exist, US President William McKinley escalated tensions by accusing Spain of atrocities, saying in a speech that “the civilized code of warfare has been disregarded.”

Then, on February 15, 1898, a US naval vessel known as the Maine exploded and sank in Havana Harbor off the coast of Cuba. 268 sailors died.

Several investigations were conducted, and to this day there is still nothing conclusive explaining how the explosion took place. It’s entirely possible that the explosion was caused by the Maine’s on-board fuel.

But Hearst (along with many other papers) jumped to publish stories claiming the Maine was sunk by a Spanish torpedo, and they continued agitating for the US to join the war.

…click on the above link to read the rest of the article…

Trudeau’s References to ‘Misinformation’ When Justifying His Emergencies Act Are Very Troubling

February 23, 2022

Prime Minister Justin Trudeau rises during Question Period in Ottawa on Feb. 15, 2022. (The Canadian Press/Adrian Wyld)

Trudeau’s References to ‘Misinformation’ When Justifying His Emergencies Act Are Very Troubling

With the parliament now formally invoking the Emergencies Act, many civil freedoms can be suspended in the name of dealing with our current emergency, whatever that may be.

The right to peaceful assembly and association has been suspended as gatherings are banned in certain areas. Property rights are being suspended as supporters of the Freedom Convoy are having their bank accounts seized and vehicles impounded. Rights pertaining to the security of the person have been suspended as police can force labour from people, such as tow truck drivers, upon threat of imprisonment.

As if the suspension of all the aforementioned rights wasn’t enough, in listening to Prime Minister Trudeau, it sounds like his government may want to infringe upon our rights even further under the dubious justification of quelling a protest crisis in Ottawa.

The Trudeau government may go after our rights to free speech, expression, and press.

During a press conference just prior to the parliamentary vote on the Emergencies Act, Trudeau expressed at length the reasons he felt invoking the Act was justified. Trudeau mentioned what he called “misinformation and disinformation” multiple times during the presser. What is in the Act that could be used to battle apparent misinformation if indeed such misinformation was part of why the Act was needed?

Nothing in the Emergencies Act itself refers to misinformation but it does give the government some strong powers that are open to some pretty broad interpretation. The government can now force Canadian banks to seize the assets of citizens without a court order. With no judicial oversight required, the government doesn’t need to justify to anybody why a citizen’s bank accounts should be seized. They need only order it.

…click on the above link to read the rest of the article…

They Don’t Just Lie To Us About Wars. They Lie To Us About Everything.

February 12, 2022

They Don’t Just Lie To Us About Wars. They Lie To Us About Everything.

Listen to a reading of this article:

❖

Propaganda isn’t just about manufacturing consent for wars and ridiculous governmental measures we’d never normally accept. That’s what most people think of when they hear that word, but there’s so very, very much more to it than that.

The lion’s share of propaganda goes not toward convincing us to accept new agendas of the powerful, but toward keeping us entranced in the status quo dream world which enables the powerful to have power in the first place. Toward normalizing status quo systems and training us to shape ourselves to fit into them like neat little cogs in a well-oiled machine.

And it’s not even a grand, monolithic conspiracy in most cases. The giant corporations who indoctrinate us with their advertisements, their Hollywood movies and shows, their apps, their websites and their news media are all naturally incentivized to point us further and further into delusion by the fact that they benefit from the status quo systems which have elevated them to wealth.

So day in and day out we are presented with media which train us what to value, where to place our interest and attention, what success looks like, and how a normal human behaves on this planet. And it always aligns perfectly with the interests of the rich and powerful.

They don’t just teach us what to believe. They teach us who we are. They give us the frameworks upon which we cast our ambitions and evaluate our success, and we build psychological identities out of those constructs. I am a businessman. I am unemployed. My life is about making money…

…click on the above link to read the rest of the article…

JP Morgan’s misinformation on the clean energy disruption – a handy guide

February 1, 2022

JP Morgan’s misinformation on the clean energy disruption – a handy guide

The JP Morgan Asset and Wealth Management Annual Energy Paper is one of the most influential publications among global investment and business leaders in the energy sector.

But JP Morgan Chase’s 2021 Annual Energy Paper is a deeply flawed piece of work that promotes some serious misinformation about the clean energy transformation, reinforcing the mistaken belief – often promulgated by fossil fuel companies – that it will be slow, expensive and require onerous state intervention.

Coming from JP Morgan Chase – the world’s fifth largest bank, and the largest lender to fossil fuel industries – the paper informs the policy, investment and business decisions of many influential companies, organisations and governments around the world. Which is why it is important to understand that the world’s largest fossil fuel lender appears largely oblivious to the dynamics of technology disruptions and energy transitions.

Myth 1: Renewable energy forecasts are too optimistic

The Annual Energy Paper, authored by chairman of JP Morgan Asset Management’s chairman of market and investment strategy Michael Cembalest, was overseen by its technical advisor, influential academic Vaclav Smil.

Its tone is set by a graph on the first page depicting alleged failed ‘renewable energy forecasts’. The graph seems to show that these forecasts were overly optimistic, and then repeatedly turned out to be false.

Yet according to Ketan Joshi, who previously worked in science communications for Australia’s national science agency, the sources for the alleged forecasts are impossible to trace.

For instance, he writes: “Danish physicist Bent Sørensen, for instance, seems to have published the figure between 1978 and 1980, and it isn’t easy to figure out where the prediction of 50% by 2000 was made. There was never any ‘Clinton Presidential Advisory Panel’ – the phrase can only be found in republications of this very chart; so that’s a mystery.”

…click on the above link to read the rest of the article…

CNN In Meltdown Mode Over Biden-Ukraine Phone Call Fiasco

January 27, 2022

CNN In Meltdown Mode Over Biden-Ukraine Phone Call Fiasco

Update (2023ET): CNN journos doing damage control after the network’s Natasha Bertrand panicked and deleted tweets containing harsh comments reportedly made by President Biden to Ukrainian President Volodomyr Zelensky – namely that a Russian invasion was “imminent,” that the Capital city of Kyiv could be “sacked,” and to “prepare for impact.”

Now – none of that apparently happened according to CNN‘s Jim Sciutto, the White House, and apparently Ukraine itself. Of note, CNN claims their source was a “senior Ukrainian official.”

Human Events‘ Jack Posobiec lays it out:

Bertrand apparently didn’t get the message to CNN‘s Jake Tapper and Senior International Correspondent Matthew Chance, who repeated the now-disputed report.

And the White House disputes:

Now, Posobiec reports that Zelensky’s office is also denying CNN’s report.

CNN‘s Alexander Marquardt gives a master class in walking back misinformation:

* * *

In their Thursday afternoon phone call which the White House called “a check-in”, it seems President Joe Biden took the opportunity to continue with an alarmist posture as he told his Ukrainian counterpart Volodymyr Zelenskiy that a Russian invasion is “now highly certain” – according to CNN.

Further, “President Biden reaffirmed the readiness of the United States along with its allies and partners to respond decisively if Russia further invades Ukraine,” according to the White House call readout. But it remains that two conflicting narratives have emerged, given just prior to the call it was being reported that Zelensky was expected to request that the US be more cautious in its messaging surrounding a potential Russian attack, per source–particularly the word “imminent,” as it risks causing panic and negative economic consequences for Ukraine. That was also according to CNN.

…click on the above link to read the rest of the article…

The Folly of Pandemic Censorship

January 27, 2022

The Folly of Pandemic Censorship

As the latest anti-Substack campaign shows, more and more people are forgetting why free speech works

Earlier this week, in the latest in a series of scolding campaigns, a Britain-based group called the Center for Countering Digital Hate gave a sneak peek at a research report on Substack to The Guardian and The Washington Post. Both outlets came out with their scare pieces this morning. From The Guardian:

A group of vaccine-skeptic writers are generating revenues of at least $2.5m (£1.85m) a year from publishing newsletters for tens of thousands of followers on the online publishing platform Substack, according to new research…

Imran Ahmed, chief executive of CCDH, said companies like Substack were under “no obligation” to amplify vaccine skepticism and make money from it. “They could just say no…”

The Post, citing “some misinformation experts say” — the pandemic version of “people familiar with the matter” — added:

These newer platforms cater to subscribers who seek out specific content that accommodates their viewpoints — potentially making the services less responsible for spreading harmful views, some misinformation experts say.

If these stories sound familiar, it’s because this same Center for Countering Digital Hate two years ago tried to pull the same stunt with The Federalist, using NBC to ask Google to crack down on them. Humorously, and typically — this happens a lot with these stories — that effort ended in fiasco. The piece NBC ended up writing boasting of the success of its “Verification Unit” in getting the site demonetized, entitled, “Google bans two websites from its ad platform over protest articles,” turned out to itself be misinformation. The Federalist was never banned, only warned, and the issue was its comments section, not its articles. Google had to issue a statement:

Google Communications @Google_Comms

The Federalist was never demonetized.

…click on the above link to read the rest of the article…

Fact-Checkers Are Used to Confuse the Public: Sharyl Attkisson

January 26, 2022

Sharyl Attkisson, a five-time Emmy Award winning investigative journalist and host of “Full Measure,” in Leesburg, Virginia, on Jan. 14, 2022. (York Du/The Epoch Times)

Fact-Checkers Are Used to Confuse the Public: Sharyl Attkisson

Five-time Emmy award-winning journalist Sharyl Attkisson said she has seen an increased effort to manipulate the public to appreciate censorship and disapprove of journalism. One of the strategies that has been employed is the use of third-party fact-checkers, she said.

“Nearly every mode of information has been co-opted, if it can be co-opted by some group, [and] fact-checkers are no different,” Attkisson told EpochTV’s “American Thought Leaders.”

“Either they’ve been co-opted, in many instances, or created for the purpose of distributing narratives and propaganda,” said Attkisson. “This is all part of a very well-funded, well-organized landscape that dictates and slants the information they want us to have.”

Attkisson said she first started to notice news being controlled in the early 2000s when the media company she was working for was actively trying to suppress certain stories.

“The pushback came to be more about keeping a story from airing or keeping a study from being reported on the news, not just giving the other side, not just making sure it was accurately reported,” she said of pharmaceutical company stories she was covering at the time.

In 2016 Attkisson heard former President Barack Obama say news needed to be curated, after which mainstream media outlets started to consistently use the term fake news to describe mostly conservative news stories that they deemed untrue.

“And I remember thinking that was such a strange thing to say, because there was no big movement among the public, that people needed to have their information curated, that someone needed to step in and tell us what to think, curate what was online…

…click on the above link to read the rest of the article…

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