Skip to main content

Ambivalence in the Oil Industry

Dave McCurdy AAM.jpg

According to a Reuters report posted on October 24, there's been a good deal of ambivalence in the oil patch during the recent Presidential campaign. Yes, more than a week has passed since then, but this gives me a distinctive take for what will be my last pre-election campaign-related posting in this blog, so I'll take it.

One of the Trump campaign's themes -- admittedly a sort of second-tier theme, one assigned to VP candidate Pence -- was that the Obama administration is guilty of a "war on carbon," which the HRC administration will continue, so the coal, oil, and gas industries should all have boarded the TrumpTrain in self defense.

The reasoning would have been more sound if Sanders had been the Democratic Party's nominee, but they did what they could with it.

Anyway, the Reuters story, working from federal campaign finance filings, says that the oil industry's contributions have been about evenly split between the two campaigns.

During an earlier part of the campaign cycle, the industry had a distinct preference for Jeb Bush.

During the general election campaign, their general view has been that, yes, HRC is pro regulation and the industry was unenthusiastic about that, but Trump is both a wild card and anti-trade, and it is definitely unenthusiastic about both of those points.

The story quoted Dave McCurdy, the president of the American Gas Association, portrayed above. He finds Trump's "vision for America on trade" disturbing.

Also, with their war-on-carbon stuff, the Trumpets may have falsely assumed the solidarity of the various "carbon" industries. The natural gas industry in particular is trying to sell itself as party of the solution to global change, as McCurdy also mentioned, so denialism in that respect did the Trumpets no good with them.

Something to think about as the votes come in on Tuesday.


Popular posts from this blog

A Story About Coleridge

This is a quote from a memoir by Dorothy Wordsworth, reflecting on a trip she took with two famous poets, her brother, William Wordsworth, and their similarly gifted companion, Samuel Taylor Coleridge.

We sat upon a bench, placed for the sake of one of these views, whence we looked down upon the waterfall, and over the open country ... A lady and gentleman, more expeditious tourists than ourselves, came to the spot; they left us at the seat, and we found them again at another station above the Falls. Coleridge, who is always good-natured enough to enter into conversation with anybody whom he meets in his way, began to talk with the gentleman, who observed that it was a majestic waterfall. Coleridge was delighted with the accuracy of the epithet, particularly as he had been settling in his own mind the precise meaning of the words grand, majestic, sublime, etc., and had discussed the subject with William at some length the day before. “Yes, sir,” says Coleridge, “it is a majestic wate…

Cancer Breakthrough

Hopeful news in recent days about an old and dear desideratum: a cure for cancer. Or at least for a cancer, and a nasty one at that.

The news comes about because investors in GlaxoSmithKline are greedy for profits, and has already inspired a bit of deregulation to boot. 

The FDA has paved the road for a speedy review of a new BCMA drug for multiple myeloma, essentially cancer of the bone marrow. This means that the US govt has removed some of the hurdles that would otherwise (by decision of the same govt) face a company trying to proceed with these trials expeditiously. 

This has been done because the Phase I clinical trial results have been very promising. The report I've seen indicates that details of these results will be shared with the world on Dec. 11 at the annual meeting of the American Society of Hematology. 

The European Medicines Agency has also given priority treatment to the drug in question. 

GSK's website identifies the drug at issue as "GSK2857916," althou…

Hume's Cutlery

David Hume is renowned for two pieces of cutlery, the guillotine and the fork.

Hume's guillotine is the sharp cut he makes between "is" statements and "ought" statements, to make the point that the former never ground the latter.

His "fork" is the division between what later came to be called "analytic" and "synthetic" statements, with the ominous observation that any books containing statements that cannot be assigned to one or the other prong should be burnt.

Actually, I should acknowledge that there is some dispute as to how well or poorly the dichotomy Hume outlines really maps onto the analytic/synthetic dichotomy. Some writers maintain that Hume meant something quite different and has been hijacked. Personally, I've never seen the alleged difference however hard they've worked to point it out to me.

The guillotine makes for a more dramatic graphic than a mere fork, hence the bit of clip art above.

I'm curious whe…