Boomering Boomers

Fuck old people. Baby-boomers in particular. I exclude from this critique those of the Greatest Generation (1900-1940) they killed Hitler – good work. Boomers have had custodianship over the planet for some 40-50 years now and they have done nothing but squander and fuck things up for the rest of us. It’s time for a radical redistribution of priorities. We need to be prioritizing giving these shitheads the middle finger.

Look at the state of the planet. It’s disastrous. Big thanks to the boomers on that one. We knew of climate change as far back as the 1970’s, just as the baby boomers were stepping into the halls of office and taking over the reins of control from their predecessors. With warnings as far back as the 1970’s the boomers decided to kick the can down the road for future generations, and they have continued to do so decade after decade leaving us to pick up the tab. Saying that ExxonMobil lied to you is not an excuse. Stop playing dumb. And if you are that dumb, then, well sorry, you are not fit to be in control and it’s time to move on.

Which brings me to my next point. Boomers like Joe Biden and Donald Trump. People who just won’t fuck off and retire. Guys, you are old. I bet you can’t go a day without partially pissing your pants.

Everyone gives shit to European Commission President Jean-Claude Juncker for pissing himself on stage but at least he saw the writing on the wall is not seeking reelection.

It’s time for a reality check for these boomers, and a radical redistribution of priorities. In line with giving these fuckfaces the middle finger lets hit them where it hurts – pensions. Pensions have become a gigantic hole in the budget for almost every country. I propose we take these bludgers pensions and put that towards fixing the planet.

It seems only fair, I mean in practical terms they have taken ours. So fuck them, fair is fair. The intergenerational theft of wealth by the boomers is disgusting and is a problem that governments willfully ignore. It’s staring them in the face. As the boomers get older the situation is only going to get worse as well. The sooner we act the better.

Let’s take the boomers’ pensions and put it to good use – fixing and protecting the environment. This kills two birds with one stone. We distribute the wealth the boomers have stolen from younger generations, and we finally pick up the can the boomers insisted on kicking on down the road.

If boomers want to complain, they can sell one of their ten houses which they have accumulated over the years and leveraged against the futures of younger generations.

Boom, third problem caused by the boomers solved since it would also fix the housing crisis. A flood of houses released onto the market will drive down prices or at least keep them stable for a while so that first home buyers have a fighting chance.

Boomers, for all your complaining to younger generations needing to “make it themselves”, it’s time we apply this principle to you. And since you guys were handed an ideal situation by your parents, which you squandered and kept the benefits of for yourselves, it’s time for younger generations to wrest control away from the boomer class.

Have you noticed how the most climate skeptical generation are the boomers? They also the most homophobic and racist. Yikes! Not a good a good look there chief. I fucking guarantee you the recalcitrance of governments to act on climate change is due to the large boomer voting population who just don’t believe it’s real because they like the good weather at their summer vacation houses on the beach. “Oh, climate change disproportionality affects people in other regions of world? Na, fuck that, I enjoy my five bedroom holiday home too much to care.”

So, to redress the democratic imbalances I propose we rebalance the voting power of boomers by reducing the vote of boomers to 0.75. In other words, a boomer’s vote is worth only 0.75, whereas those between 30-50 are worth 1. And to be equitable to the young who have their vote suppressed, their votes shall be worth 1.25. This will reallocate the power distribution in our representative democracies so that the young get a fair voice. Politicians will finally be forced to tailor policies for the electorate of the future and not pander to the has-beens.

As young people it’s time we collectively raise the middle finger to the boomer class. These are the people that ask you how to send a WhatsApp message even though you just explained and showed them how to send a Facebook message (it’s the same fucking principle!). We don’t owe them shit, because they already took everything for themselves.

In sum, boomers as a group are like people who rip a silent but violent fart in the elevator, step out level two, and press the emergency button so that that the elevator is stuck, with the rest of us left to die in a makeshift gas-chamber they wish they could put migrants in. Talk about a bad aftertaste.

(for the record all of my grandparents have passed away, so I feel no remorse in writing this article)

Combined Revenue of top ten Oil Companies was $2.5 trillion in 2015

Wow, $2.5 trillion, well $2.521 to be more exact. Low crude oil prices over the previous 12 months have had the effect of increased economic activity. OPEC’s decision to not cut back on supply in the face of lower commodity prices in hope of grabbing more market share has meant the market has been flooded with the black gold. Overall consumption of oil has picked up which would account for the astronomical revenues. This is good for consumers and businesses. Not so for the environment.

In the same year that these events have taken place in the financial world, an ‘historic’ agreement was signed by countries at COP21 in Paris, attempting to come to some understanding on how to cut back on greenhouse emissions. On the face of it these two events seem contradictory in nature. In the same year the world came together to try and save the planet from environmental disaster, the market was flooded with cheap oil encouraging us all to consume more oil, whether consciously or not damaginf the environment further. Those lower prices across the board are due in large part to lower energy costs in the production process of whatever you are purchasing. Oil is so integral to our lives that it’s virtually impossible to avoid it.

Given the state of the social feeling on the environment, all but the most ignorant are willing to take action, and are calling for a shift to cleaner energy. One would think that the traditional suppliers of energy, the big oil companies, would be at the forefront of this change. After all, they, along with a host of other companies with vested interests were also present at COP21 to add their two cents to the discussions.

A closer examination of these companies’ clean energy activities reveals something completely different. In short, collectively they are doing nothing. BP sold off its wind farming operations in 2013 and the activities of the other largest oil companies are confined generally to geothermal and biofuels. Despite the name, biofuels are still bad for the environment because in order to produce the crops used to make the fuel, large swathes of the rainforest are being cut down, particularly in the forests of Indonesia. The only company to continue riding the wave is French company Total, with its majority investment in SunPower. Even so, Total has scaled back its other ventures into wind, hydrogen and nuclear power.

In sum, the profits from the huge $2.5 trillion revenue are not being invested in clean technology such as wind, solar and tidal. This is surprising given that the cost of solar energy continues to fall, as does wind and tidal technology. Solar energy is perhaps the most promising technology as costs continue to fall dramatically and technology improves in step. The uptake of solar energy in the past few years has also been helped along by state-subsidies in many countries, which has led to a booming industry in the US, reportedly employing more people than the oil and gas industry.

However, in 2015 many states in the US began to phase out subsidies for solar, while maintaining their subsidies for oil and gas. Clearly the fossil fuel industry is in need of a hand. Green technology is an existential threat to oil companies due to a fundamental economic principle – scarcity. As technology improves making solar exponentially more efficient the economic payoffs to investors may no longer exist. The energy from the sun is endless. In principle the sun will eventually die, but we can be rest assured that humans will no longer exist by the time that this happens. This gives solar energy a dynamic economic advantage. The production cost of oil is substantially higher when one takes into consideration costs involved in first discovering oil and then establishing a well to exploit the reserve. Then there is the refining process before being transported to where it is needed.

Solar farms are limited only by their capacity to capture the sun’s energy. They can’t stem the flow of power, as an oil company can stem the flow of oil onto the market. Once it is produced, energy needs to be used. Green technology has the potential to create such a superabundance of energy that the fundamental economic principle of scarcity is rendered inoperable.

The principle of scarcity helps to explain why these companies are not jumping on the bandwagon. Scarcity creates demand, and demand creates profits as people attempt to satisfy that demand. With no scarcity, there are no real profits to be made, and oil companies understand this. Instead they choose to spend billions investing on propaganda to ensure that the uptake of green technology is stemmed. At no other time in history has mankind been faced with the opportunity to create a superabundance of energy. At this point, we as humans are beginning to transcend natural limits placed on us by existing.

In the course of human events we have systematically defeated nature. First came the agricultural revolution. Food sources became domesticated and production exponentially grew from prehistoric levels. Then came the industrial revolution. We discovered steam, and oil. We built factories that could produce huge numbers of consumer goods so that nothing is left wanting. Now we are entering a new realm where energy production that was once predicated on limited fossil fuels such as coal and oil are made redundant.

One of Marx’s predictions was that the engines of Capitalism would in fact create the conditions in which it would destroy itself. We don’t need to accept that Socialism or Communism would follow. But, this idea of Marx, if combined with an idea of Joseph Schumpter, suggests to us that Capitalism will face a new challenge in the next 100 years, as the one of its fundamental bases is made redundant in a process of creative destruction. Fossil fuel companies will be overtaken and made redundant by the Green energy industry.

The question left to us is should we really let the oil companies take the rest of us down with them? Signs that the oil industry is beginning to worry is suggested, first, by the flooded oil market which recently passed below US $30 a barrel, and second, the imminent float of the world’s largest company, Aramco. This company have estimated assets US $10 trillion. Saudi Arabia perhaps sees the writing on the wall and is looking to raise capital to invest elsewhere in the economy in an attempt to diversify the economy and transition away. There is also the threat that the low price of oil may remain low due to an uptake in green technology decreasing the overall demand for oil.

We live in exciting times. There are many variables, both seen and unseen, that will affect the ultimate outcome of this scenario. Prospects can be both positive or negative. Consider this: if big oil companies, with a combined revenue of $2.5 trillion in 2015, are finding it difficult to make green technology profitable, then how is society at large going to tackle this problem of superabundant, cheap energy.

Some Sources