[Hillary Clinton'] transition director being Ken Salazar, I think, indicates that she will continue to be a friend to fracking. It's not possible to solve the climate crisis while we continue to expand fracking.
I think the less fracking there is, the better it is for the economy and society.
The issue of fracking is a stick in the hornet's nest.
Other than areas of high-tech, fracking is probably one of the largest areas where concentrated growth in America's economy is taking place. There are oil booms in the Dakotas, in North Dakota. They are having to build entire cities, towns, to house employees showing up to work in fracking. The left is trying to shut it down under some claim that it destroys the environment. Natural gas and oil, of course, are the evil twins of opposition to the mainstream environmentalist wacko movement.
I still support the right of local communities to make up their own minds about whether or not they want to permit fracking.
Oil now, as a result of the Saudi production, is priced so low that there are not going to be new fracking investments made. A lot of companies that have gone into fracking are heavily debt-leveraged, and are beginning to default on their loans. The next wave of defaults that banks are talking about is probably going to be in the fracking industry. When the costs of production are so much more than they can end up getting for the oil, they just stop producing and stop paying their loans.
What we've got is the wholesale embrace of fracking domestically, internationally and for export. And this couldn't be further from what we really need to do to address climate change.
The oil patch pays good. They're decent jobs paying between 50 and 70 thousand a year. Fracking has a big impact on the oil consumption in the United States.
I want to break up the Wall Street banks. Hillary Clinton doesn't. I want to raise the minimum wage to 15 bucks an hour. She wants $12 an hour. I voted against the War in Iraq. She voted for the War in Iraq. I believe we should ban fracking. She does not. I believe we should have tax on carbon and deal aggressively with climate change. That is not her position.
I think, again, the overall intellectual structure of the speech is very much consistent with what Donald Trump has been saying on the campaign trail. He's against free trade. He's against immigration. But he has been in favor of tax reform, and he has been afraid of - in favor of developing American energy sources like through fracking or hydraulic fracturing.
In my native Boulder County, Colorado, the fracking fanatics are out in force. They are marching door-to-door, petitions and mythology in hand, and they are storming city council and county commissioner meetings.
High prices can be the result of speculation, and maybe plunging prices can be attributed to the end of speculation, but low prices over time aren't caused by speculation. That's oversupply, mainly by Saudi Arabia flooding the market with low-priced oil to discourage rival oil producers, whether it's Russian oil or American fracking.
While she [Hillary Clinton] promotes fracking and established an office as secretary of State to promote fracking around the world. The cutting edge science now suggests fracking is every bit as bad as coal.
I believe we will see a biofuels resurgence. While gas prices skyrocket and we continue to wage wars for oil, while spills, fracking, tar sands and the oil madness of our empire continue, people are waking up and realizing that you can't be against petroleum and against fuels that come from nature.
Hillary [Clinton] has the potential to do a whole lot more damage, get us into more wars, faster to pass her fracking disastrous climate program, much more easily than Donald Trump could do his.
I think people should have no illusions that Hillary [Clinton] is going to solve the climate crisis for us. We are in as much trouble with fracking as we are with coal. They both need to be stopped.
[Hillart Clinton] holds the illusion that we can make fossil fuel safe, and that they are safe, and she established an office for fracking. We know who she's taking the money from. We know who the Democratic Party is taking the money from.
To look at the climate crisis alone - and in my view this is an election where we're not just deciding what kind of a world we will be but whether we will have a world or not, going forward. And the climate crisis, for one thing, you know, Hillary [Clinton] has not repudiated fracking by any means, nor fossil fuels.
Most progressive in the Democratic Party doesn't cut it, you know. If we still can't have a health care system that provides health care as a human right, if we still cannot, you know, ban fracking and fossil fuels and move like our lives depend on it - you know, we say in the next 15 years we need to phase out fossil fuels.
Salazar, Ken Salazar, who is a big advocate for the TPP and for fracking. So, you know, since when have we learned to believe what Hillary Clinton says? And just because something has been adopted in the Democratic Party platform, you know, it's a voluntary platform so it has absolutely no traction. This was about trying to buy back the [Bernie] Sanders supporters.
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