the one normal. or this is the cause or it for you heard that women are so disgusted with men lately that more and more other having sex with fish don't trust me look this up it's incredible anyway let's move on stacy. actually yeah we're going to be talking about bill kristol i don't know if you're talking about him but he kind of looks like a fish to me but let's see first we're going to talk about we're going to talk this whole episode by the way i'm going to stay here for both halves and that is because we're going to talk about some fracking and first i want to show you know qualify to the audience full and fair disclosure we our show is broadcast on our russian network so one should assume russian trolls post election strategy

disrupt florida and other u.s. energy pipelines oh i got i'm going to special kind of paper i write on a key phrases which i'm going to have some fun with over on this just to let people know so the first one is russian trolls ok. russian. well you know the best way for television is actually to hold it up to the camera and you write it down first so i hope font can she write it down like up here now. ok so a three billion dollar sable trail pipeline designed to carry natural gas to the state of florida from alabama there were some protests against december twenty sixth and mcclatchy news has kind of looked into the d.n.i. report and determined that actually it was because r.t.d. covered that and they mention r t but because there were some russian trolls they say on twitter that inflamed the protests the florida people themselves have no

agency they do selves couldn't possibly ever think that well i don't want to pipeline. it outside my house no forget that obviously stupid people like dog floridians don't have agency just look at the news any all the news of the weird comes from florida but russia's hidden hand in the florida pipeline protests was extensive according to sources familiar with the operations at least eight russian accounts most tied to the farm known as the internet research agency sent at least sixteen social media messages excoriating the savile trail pipeline or retreating messages from one of his most prominent opponents a frequent guest on r t the tweets were sent to a total of more than forty thousand followers as well as anyone else who saw them via hashtags this is real dr evil stuff max we must uncover this story so that

by the way the prominent opponent of the pipeline through florida was tim kane over who is a progressive democrat what was a progressive democrat who ran against. debbie wasserman schultz who is you know basically hillary clinton's body and neo con neo conservative neo liberal sort of democrat and he way so the progressive democrat they're all russian bots are right well the theme of the merging here is it relates to the energy industry yes ok this is an underlying theme yes that you're going to be exploring as i understand it and of course the energy industry in america is possibly the most corrupt of all industries and so they need this type of media manipulation and scapegoating to justify two very important facts that they're responsible for one is inclusion of wall street in the financing of their industry they've created the biggest wealth

and income gap in the history of the world and bigger than the robber barons and opiate addicts from coast to coast and to environmental whole accost what they. i don't want to point that out the extra now it is of these energy companies and in our cancer cells thank you energy company i want to point that out so there's got to be an existential threat it's got to be coming from somewhere yes. so i want to read this final paragraph here in order to set up our headlines we're going to cover because according to member consider this this is mcclatchy they've won pulitzers in there like illegitimate you know a legitimate news source here so you must abide by their what they say the social media propaganda was part of a broad kremlin campaign to disrupt the booming american energy industry which seemingly overnight has emerged as a threat to russia's global dominance u.s. authorities say notice that phrase they often use in the progress of so-called

progressive media whenever they talk about these so-called russian bots and trolls they always say u.s. authorities say even though this statement this assertion is easily any journalist could say could go investigate use google research the stuff and make their own determination they get out of. having to basically sully their own reputation this is higher price thing that i thought of him because this is what i was remembering the us authorities say phrase yes that's the key phrase yes so mcclatchy newspapers a set of setting out a journalist to go discover the truth and do journalism they write as boilerplate shipped to them from the pentagon or from exxon and they cover it by saying u.s. authorities say yes not that they're journalists say now that we have any journalist that they were not propaganda meisters no us authorities say therefore

we don't question it that's not journalism by the way that is by definition propaganda that's propaganda mcclatchy newspapers you cop to be a propagandist continue please go look at that go use google and search for yourself they'll say like us authorities say r t supported trump. u.s. authorities say they all the material is fully available freely available on you tube you can go watch all the hours of footage leading up to the us elections and see whether or not yourself you could determine that is true though nobody nobody ever challenges that really shows is a good year to forget a lazy then you're just take should maryland and trans fats and worry about what jenna tell you is appropriate for your could tell him transition into something that maybe you'll regret in five minutes just look at the facts ok so we're going to look at some stories because you and i have been covering fracking for a long time but we've been covering it because we cover markets finance and scandal we cover of finance the stupidity of financing something that looses money and we're going to cover some of those from c.m. d.c.

and bloomberg news articles from there and only in the past month these articles have come out we've also covered it because we do we have a long history here r t of b.b.c. world and al-jazeera covering basically peak oil and also renewables the emergence of renewables so fossil fuels squeezed by a plunge in cost of renewables b n f says as bloomberg new energy finance the economics of generating electricity from fossil fuels are deteriorating rapidly as renewable energy technology plunges and costs that's the conclusion of bloomberg new energy finance report on the level lies cost of energy a measure that takes into account the expenses from buying equipment servicing debt and operating power plants using each technology in most places wind and solar will work cheaper than coal by twenty twenty three according to the research they have

found and also we're going to go over the details but just to show you the sheer scale of the drop in the past year or two in the price of solar technology solar provision of electronics electricity and power and a lot of it has to do with china and batteries and batteries again from china which is ironic because like a lot of this whole russia gate stuff the the the theory that. if you care about the environment or if you care about fracking and we've always mostly covered it on a financial how stupid financial investment is and that you know if you're going to invest as a government you would better off investing in solar and wind and all and clean technologies renewable technologies i just. it's just a smart choice that's just like obvious right so that right now a lot of the claims that it's russian trolls are russian so that somehow russia

which by the way produces natural gas and oil doesn't need to frack it's just like puts a straw on it comes out so it's so absurd but a lot of it comes from bill kristol scoop hamilton sixty eight and bill kristol by the way is the co-founder of policy for the new american century which he presented to bill clinton's last year in office he tried to get bill clinton to invade iraq and part of it well they lay it out in their own words go read it you can download it just go to google policy for a new american century and look at their report that they put out rumsfeld cheney bill kristol and they said part of the reason why they needed they said to invade iraq was to control the oil reserves so that china didn't get them so it's quite ironic that china is putting all of this this whole oil and carbon based industry out of business by just driving down the cost of solar wind and other renewable energy technologies so bill kristol is so wrong about the project for a new american century and how the energy industry would develop over the following fifty

years yes and completely missed the fact that renewables and solar energy costs would plummet down the a some part of curve toward zero the same thing you see in the microchip industry in the band with the history in the technology industries big becoming silicon valley eyes and he's so powerful and he's so embarrassed that his way of relieving himself of the embarrassment of being probably the biggest idiot that's walked the face of the earth the past fifty years is a start a war with russia and send as many young kids there to die as possible so that i don't i think it is not i don't think it's that i think it's just he's putting tin foil on the six spreading conspiracy theories in order to confuse and create chaos and people's understanding of the world around them so i think he wants people to forget it goes into the memory hole the memory hole is help. by creating all sorts of chaos and and conspiracy but this is more than just gaslighting it's more than just bill kristol acting like the movie gaslight is a way because i don't wear in their drawers or they get confused he's actually started my what i want to really talk about how stupid fracking is based on just

the stupid economics and here we're going to go you mentioned lithium ion batteries so when you factor in the cost of why renewables are so much cheaper lithium ion batteries have enjoyed a seventy nine percent drop in costs since twenty ten making the idea of storing energy a possibility for coming years the price per megawatt hour for generating for wind farms built on land fell eighteen percent in just the first half of twenty eighteen and we're not even the first end of the first half to fifty five dollars while photovoltaics dropped eighteen percent to seventy dollars so where already the costs are plummeting we have some more in the second half about how much the costs are plummeting and what those sort of plummeting costs do to the existing infrastructure grid and the sunk costs into hugely expensive nuclear energy products projects coal and the debt to service all that so we're going to talk

about that a lot of buckminster fuller you know thirty forty years ago should said that earth uses less than one percent of the energy it gets every single day from the sun ok now forty years later we're finally harvesting that energy and it was as predictable as night follows day and anyone who banked their future on fossil fuels is going to get their head handed to them because they're. you know biased toward a political financial wall street centric model that promotes war and wealth in ink and quality gaps well in the second half i have a whole bunch more data and we're going to look at the fracking the cost of all those bonds those junk bonds i would have financed and also some more of the data of actually what reduce falling prices does to the existing grid that bill kristol loves and again i want to say listen to bill kristol he's your guy like the guy you know he listen to his. like support what u.s. authorities say and what the facts and data might say you do your own research

exactly so let's get more more more into this after the break don't go away stay right there. seem wrong but. just don't. let me. get to shape out to stay active. and engaged because the trail. when so many find themselves worlds apart we choose to look for common ground. i've been saying the numbers mean something they matter to us as over one trillion dollars in debt more than ten white collar crime champions each day. eighty five

percent of global will you longs to the ultra rich eight point six percent market saw thirty percent i just want to secure some with four hundred to five hundred three per circuit first target and bitcoin rose to twenty thousand dollars. china is building two point one billion dollars ai industrial park but don't let the numbers overwhelm. the only numbers you need to remember is one one just which shows you can't afford to miss the one and only the. united states has always had a tool to use and tax on other countries. economic sanctions are are often just the beginning another thing you like to do is place some military pressure on the countries a true talking about. and

there has to be an effort to demonize that country and the leader of that country because. we have a responsibility for the home. and we need to make rules for the rest. because without us there will be change. welcome back to the guys report on last geyser states air or a our continuing our conversation about fracking and our j. date up this. ok we're continuing our story about fracking and i must reiterate that bill kristol who used to be much maligned by the likes of m.s.m. b c now is part of the resistance and the democrats love him and embrace him so if

you're a partisan patriotic american you must listen to a bill kristol says a bill kristol says that fracking any. sort of negative thoughts you have about fracking are only planted there by the likes of kaiser report not the facts not the data not the reality of the situation on the ground we're never going to talk about any of the environmental or health consequences you can google that and do your own research but here is a story from c.m. b.c. from may third two thousand and eighteen just a few weeks ago or oil demand and prices are set to drop dramatically as new technologies take hold so they point out that fracking has made the u.s. the number one energy producer in the world at the moment but they say one major result of the adoption of this new technology and the dramatic drop in gas prices it has produced is the hollowing out of the u.s. coal industry reduced from

a thirty five billion dollar industry in just twenty eleven to a three billion dollar industry in twenty seventeen this has just wiped out the coal industry now the likes of bill kristol and hamilton sixty it will say that's probably a russian operation that putin destroyed the coal industry and russia and trump did run on a campaign to basically get cold jobs back but what happened was fracking destroyed all those jobs in west virginia and kentucky it was fracking and natural gas prices which drove down the price of natural gas production for electricity that drove down the ability redid obliterated just destroyed by ninety percent the coal industry as you're going to get into here the substitution of gas for coal was. some very dodgy finances an economics yes we're going to get into that but i want to show what the same economics now so natural gas destroyed coal what is going to destroy the natural gas production right now its natural gas and in order to get

that natural gas and keep that natural gas prices low in america you've got to have a lot of fracking we're not going to go into the environmental health cost of that we're just going to look at the actual data what's going to happen to natural gas so using this dramatic shift as an example we can see the role cost please and drive in the direction of the energy industry member is cost you know most businesses look at cost they don't look at geopolitics they don't look at like oh i'm a republican or a democrat and i have to show my partisan support and they're not going to respond to russian trolls on twitter they're going to look at their cost businesses look at their cost so consider now that solar energy which has become steadily more competitive as its scale has grown has gone from producing electric power at one hundred seventy nine dollars per megawatt hour in two thousand and nine to fifty dollars per megawatt hour and twenty seventeen kids another huge drop so that it's

forecasted to continue to drop like that so once it becomes cheaper to provide electricity and now you have those lithium ion batteries also providing giving electric power grids the ability to store this electricity cheaply where that hasn't been the case until just recently just this year. it's going to obliterate the need for natural gas whatever you want to say if you want to blame it on russian trolls that's going to be the reason why it's happened but the fact is most businesses do not hang out all day on twitter they just look at their balance sheet and their balance sheet is going to say well how my going to compete with a solar plant electric electric power outfit right down the road that is able to bribe electricity at a fraction of the cost. compared to what i can write so the fractures and the natural gas obliterated the coal industry it destroyed it it killed it destroyed it no no says that on the campaign trail nobody says that on amazon b c and they

certainly won't say it on fox but that is what killed the coal industry solar a new balls are in the going to kill the fracking industry ironically to bill kristol it was china that caused that to happen they're the ones i drove down this price because they pour billions of dollars into research they have that many faction capacity they drove down the cost of these four fold photovoltaics cells so they're the ones i drove down the cost so hugely about ninety percent remember under the obama administration solar basically providers here in the united states where is seeking some government funds and subsidies in order to compete with china ok so there's there's china leading the way here so to go back to a few years before that politically speaking had the politics in washington not been driven by the fossil fuel energy lobbyist they could have gone into renewables ten twenty years earlier and those jobs would be in place generating good paying jobs in america would be part of a growing world beating industry but because they kowtow to those lobbyist they got

stuck in the coal business which it up liberated by the gas business which is extremely dodgy and for a lot of reasons and now that's going to be obliterated by a chinese led revolution in solar and yes and wind so here comes you know it's not just china it's also denmark and sweden and you know scandinavia other countries in europe have have basically led the way on this at this rate solar energy has already undercut gas which cost sixty dollars per megawatt hour so members fifty dollars for solar coal is one hundred two dollars per megawatt hour and nuclear energy is one hundred forty eight dollars per megawatt hour in cost of course france has always the most expensive they always go to the most expensive they have the finest in the finest wine the finest cheese and the finest cars. for electricity the finest atomic energy plants in europe are in for a lot from if they run on champagne they're cool but. so similar strides have been made in harnessing wind energy sources with onshore wind costing forty dollars per

megawatt hour again below the cost of gas which is sixty dollars an offshore wind sources and twenty seven thousand were priced at sixty dollars again you know that lobbyist in the fossil fuel industry forest propaganda machine in america to scapegoat a foreign power to the gentleman is their ignorance when it comes to generating good high paying renewable energy jobs and it was obvious to everyone who was running for their face but they're so corrupt as to craddick in such a cackle stocker see that they refuse to acknowledge the facts before their face well building pipelines like you know the pipeline going to the dakotas again that's a russian troll operation that's what they say so if you want to listen to that listen to them that's your prerogative to not do your own research and just be a patriot and listen to bill kristol but the fact is tar sands is what's coming through those dakota pipelines it's coming from canada which is all the stuff

they've mentioned that's going to be totally obliterated that's like why you're spending all this time and money for boondoggles that will be like by the time it's done being built. all the cars all the economics have just like obliterated the case for that so i want to also turn to the cost so what the money pouring into this of course we have free money at the moment is zero percent interest rates and that makes it like a little bit easier to just basically you. you know zero percent interstates you have pension funds that need a yield at any cost because they have you know escalating costs as baby boomers retire so they're looking for any junk bonds they can buy boondoggles tend to be the junky is the ball so you're going to go for a boondoggle right well first of all from wall street journal december twenty seventeen wall street tells fractures to stop counting barrels and start making profits the shale oil revolution produces a lot of oil but not enough upside for investors twelve major shareholders and us shell oil and gas producers met this september in

a midtown manhattan highrise with a view of time square to discuss a common goal getting those trackers to make money for a change now we have said this and guys report for years that they lose money on every single barrel and again bill kristol says that is propaganda and that is not true here these twelve major shareholders have obviously fallen to russian propaganda because they also believe that they're not making a profit they are obviously wrong if if if bill kristol is right these guys are wrong they are in fact making a profit they have been making a profit they're just not reading their balance sheet correctly think us two hundred dollars to make a barrel but we only make you know fifty cents that must be russian bought must be attacking us down here in texas that's. because they're not making no money it's like the beverly hillbillies in reverse so bill crystal's shoot that some crude up to the ground bubble and propaganda vile that is by is well and next thing you know bill's a millionaire washington is the place to go spew his toxic waste propaganda to and

fro ok let's turn to some more articles about the bond wastage of money actually thrown at factors so how wall street enabled the fracking revolution that is losing billions to us shale industry hailed as a revolution has burned through a quarter of a trillion dollars more than it has brought in over the last decade it has been a money losing endeavor of epic proportions even when it. is that one hundred ten dollars the cost has since they are becoming more efficient and they are able to produce at a cheaper price per barrel but still they're not making any profit and it takes more energy in. and the average lifespan of a fracking field it doesn't last long enough to pay off the debt so it's a money loser that was obvious from day one so why does it keep it why do best risky pouring money into it well shell oil companies are creatures of the capital markets and twenty seventeen legendary hedge fund manager jim cheney has referred

to shale oil companies as creatures of the capital markets meaning that without wall street money they would not exist chane us is also on record as shorting the stock of heavily leveraged shale oil giant continental resources because the company can't even make enough money to pay interest on the loans so this is the continental resources by the way if you're a patriot who loves hamilton sixty eight love what u.s. authorities say about this just being russian propaganda you can go buy some bonds from continental resources you can buy their shares harold hamm lost a billion dollars he had to pay to his wife you only eighteen billion dollars left he's the c.e.o. he's increases pay by thirty eight percent last year you can go support him by buying his shares buying given one of those bill kristol can prove that he owns shares in these junk bonds issued just as. i feel i listen listen this is what continental resources one of the biggest players herald him multiple times billionaire what hit how this company operates as a fracking company he pushes for legislation pro fracking he probably helps finance

hamilton sixty eight we don't know because nobody's allowed to know other than what bill kristol who is actually behind it well in twenty seventeen continental spent two hundred ninety four million dollars on interest expenses which is approximately one hundred fifty five percent of his twenty seventeen adjusted net income generation we can't even pay the interest on your credit cards you are broke well you know the same thing is coming to the american economy as a whole i mean there's got twenty trillion dollars in. on the books debt and the interest costs are rising exponentially and pretty soon they'll be just like junk bought america's going to be triple c. rated wall street has been set j.p. morgan by the way is the biggest underwriter of these junk bonds to the fracking industry but a question to ask is who who are they so you know who's the who's paying for it you know obviously the fracking industry is receiving the money from these battens. morgans not giving them the money that somebody else and it's most likely your pension fund so if you're a patriot who loves bill kristol don't worry like you're already invested in these

fracking industries and hopefully you know the fact that saudi arabia is now building a two hundred gigawatt two hundred billion dollar solar farm the biggest in the world well you know maybe they know a little bit more about the oil industry than bill kristol and that's going to do it for this edition of the kaiser report with me max keiser and stacy herbert try to catch some twitter it's kaiser report if you want to catch a telegram it's kaiser report until next time i go. across europe municipalities are taking their water supply back from private companies to meet the simple song alone even some company guess what else well they invited private companies to take over the utilities many bought a telescope of a lab from a cigar so you got to put it well on the program because. i've been this is. just

because. of that it will grow over time or you will deliver bill brought up locals are ready to stand up for the basic human right of access to water it's about water but it's also over much more than war it's about the hurt and the redistribution of our lives worse. downwards we want our. on the phone. yeah.

new protests brick in the disputed territories of israel and palestine after scores of palestinians were killed during protests against the relocation of the u.s. embassy to jerusalem. the u.s. move sparked i'd cry across the globe with several world leaders and even some of israel's traditional allies expressing furious condemnation. also ahead this hour on the american soldier subjects insult to waterboarding in support of the controversial nominee for the cia. claiming that the brutal interrogation technique does not someone to torture. and with north korea said for talks were.