yes that's 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 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 pulitzer isn't 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 set 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 i think that i thort 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 there are 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 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

a shoot marilyn and trans fats and worrying about what jenna tell you is appropriate for your completely and 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 finance the stupidity of financing something that loses 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 a 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 the 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 technology 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 are 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 bandwidth industry 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 don't i say don't but it's 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 know where in their drawers of they get confused he's actually starting 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 one new 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 from wind farms built on land sell 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 cause 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 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. 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 reduced 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 of 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. for a world cup twenty eight team coverage we've signed one of the greatest goalkeepers of all judges but there was one more question and by the way who's going to be our coach. guys i know you are nervous he's a huge star among us and the huge amount of pressure to come out you have to go meet the center of the pole with you and you'll stroll over great britain to get

your the rock at the back nobody gets past you we need you to get the ball going let's go. alone. and i'm really happy for drawing down to him for the two thousand and three and world cup in russia meet the special one come all sorts of pressure needs to just let the reader biagi teams latest edition to go up as we go so i need to address a book. about your sudden passing i've only just learnt you worry yourself in taking your last term. you're out to you as we all knew it would i tell you i'm sorry i could so i write these last words in hopes to put to rest piece things that i never got off my chest. i remember when we first met my life turned on each parent

. but then my feeling started to change you talked about more like it was a game still some more fun to view those that didn't like to question our arcade and i secretly promised to never be like it's one does not leave us. you know the same as one enters the mind gets consumed with death this one difference i speak to now because there are no other takers. to her name that mainstream media has met its maker. i've been saying the numbers mean something they matter the us has over one trillion dollars in debt more than ten white collar crime families each day. eighty five percent of global wealth you longs to be rich eight point six percent market saw thirty percent rise last year some with four hundred to five hundred three per cent get first shot and

bitcoin rose to twenty thousand dollars. china is building a two point one billion dollar a i industrial farms but don't let the numbers overwhelm. the only number you need to remember is one to one business shows you can't afford to miss the one and only . when goal may just manufacture consent to instant of public wealth. when the running pluses and protect themselves. with the financial merry go round to lift certainly the one percent job. doing the whole middle of the room signals. dealing with her own money more evenly in. the long. term seventy four design submissions say. seven thousand

pilings. to join judges. and eight hundred sixty nonstop days of work. a russian w.b. . under russian pop stuff. show you how. the crimean bridge was built. witnessed the construction living you need to transport to reach that will help them out of crimea. most of those you know what google more familiar quite a bit but. welcome back to the guys report i'm ask either stay sarah we are continuing our

conversation about fracking energy data. 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 not even 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 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 eight 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 coal 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 a been literally did obliterated just destroyed by ninety percent the coal industry

as you're going to get into here the substitution of gas for coal was prop. some very dodgy finances and 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 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 in 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 folks 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 for 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 the finest wine the finest cheese and the finest cost. 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 writing in 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 through 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 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 there percent interest rates and that makes it like a little bit easier to just basically. zero percent interest rates 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 junkies to fall 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 just. top 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 the 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 was at 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 comes 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. is 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 wasa billion dollars he had to pay to his life he only is 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 little crystal can prove that he owns

shares in these junk bonds issued just. a small fee but listen listen this is what continental resources one of the biggest players harold 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 succeed and 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 this got twenty trillion dollars and on the books debt and the interest costs are rising exponentially and pretty soon it'll be just like a junk bond america's going to be triple c. rated wall street has been 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 you know who's the who's paying for it you know obvious. the fracking industry is receiving the money from these battens. morgans not giving them the money at 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 see on a telegram it's kaiser report until next time i go.

across europe municipalities are taking their water supply back from private companies who feel. alone even some company elsewhere they invite private companies to take over the utilities many by the telescope was allowed to miss you guys to go on the program because. this is. 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 and more it's about a dollar and the redistribution of our west. downwards we want our. united states. and its tax on other countries. economic sanctions are just the

beginning another thing you like to do. has placed some military pressure on the country music talking about. and they're asked to me 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. one i'll show the same wrong but all roles just don't call. to me to call the police yet to stamp out these days to come out ahead and engage me because of

the trail. when so many find themselves worlds apart. just to look for common ground. apply to many clubs over the years so i know the game inside guides. football isn't only about what happens on the pitch for the final school it's about the passion from the fans it's the age of the shaper money kill the narrowness and spending to do the twenty million a one player. book it's an experience like nothing else not to because i want to share what i think what i know about the beautiful game played great so well bowl champs with. the base is going to.

and rage by joint military drills planned by seoul in washington tonight north korea is reportedly pulling out of high level talks with iran threatening to cancel kim jong un's upcoming meeting with donald trump. and these two this morning the u.s. claims the decision to move its embassy in israel to jerusalem did not inflame the protests in gaza on monday in which israeli soldiers killed sixteen. it does not under mind the prospects for peace in any way and yet first on this is supposedly a cause for. your pushes to save the iran nuclear deal tonight after the u.s. pullout with british french and german diplomats meets.