Showing posts with label Petroleum. Show all posts
Showing posts with label Petroleum. Show all posts

Saturday, March 1, 2025

Wars and Rumors of War, 2025. Part 1. Nation will rise against nation, and kingdom against kingdom.

You will hear of wars and rumors of wars, but see to it that you are not alarmed. Such things must happen, but the end is still to come. Nation will rise against nation, and kingdom against kingdom.

Matthew, Chapter 24.

And so we're on to a new year.

Armenian woman kneeling beside her dead child in Syria during the Battle of Aleppo.

Heading into 2025, the big news remains the Russo Ukrainian War.  Other wars are going on, of course, including the Middle Eastern War, as we have termed it here, in which the United States is an occasional belligerent.

As the world is just a few days away from the inauguration of Donald Trump as president, there's good reason to be concerned about the impact this will have on various conflicts, the Russo Ukrainian War in particular.  Trump has long been a Putin fan boy for reasons which remain very difficult to discern.  Over the past three years Russia has proven that it is, at best, a weak regional power.  Putin is bankrupting his country and his armed forces have been reduced to such a level that he's imported North Korean forces to aid his, with North Korean being a Stalinist Clown College.

Ukraine has managed to hold on against its much larger neighbor in no small part due to largescale Western support.  Europe has actually, at this point, contributed more to Ukraine than the US has.  US leadership and support has been critical, but its often missed that the US has used the war to clear out obsolescent stocks of arms and, in fact, could do much more of this if it wished to, and should.  Trump, however, has been generally hostile to Ukraine and lovey dovey to Putin.  His relationship to the Russian head of state is so peculiar that it has long raised questions about what's behind it.

Trump, of course, who didn't serve in his nation's war when he was of military age, claims to abhor war and he may in fact have that view.  He generally doesn't like military men that much, and he's sufficiently wealth and self centered that he frankly might just not grasp that there are people who are willing to fight and die for their country.  Be that as it may, however, like many of the populist camp, quite a few of whom are strongly influenced by a certain strain of Evangelical Protestantism, he has an "Israel can do no wrong" view.  There is no reason to believe, therefore, that the incoming administration won't essentially give Israel a free hand in whatever it wants to do in the ongoing struggle in the Middle East.

The US, it might be noted, retains a small number of forces in Iraq and Syria.  Trump made sounds about pulling US forces out of Syria when he was first elected, but he didn't.  He's made some statements about the US having no role in Syria now, but the US forces in Syria aren't sufficient to impact the outcome of the war there, and are there only to address ISIL in the region.  There is, therefore, no real way to know how the change in administrations will impact that.

In terms of prognostications, its notable that Russia's 2024 effort in Ukraine have produced no real results.  That Putin isn't trying to commit larger forces to the region and is instead allowing his forces to be bled is telling.  He probably can't do more.  Ukraine, however, remains unable to push Russia out. The situation therefore depends nearly entirely on what the US and Western Europe does.

The commitment of North Korean troops was always boing to be a failure and will be.  North Korea is much more of a paper tiger than many suppose.  Mostly, a lot of North Koreans will get killed. Those who return to North Korea will have been exposed to a partially westernized Russia. Stalinist have always feared that as it means there's now a population that knows things could be much better somewhere else.  Moreover, those returning will be elite troops.  They'll be much like French Algerian troops who returned home to Algeria after fighting in Indochina, and that won't be good for the Communist Hermit Kingdom.

Right now, in regard to Syria, there's really no real reason to hope that the country breaks into a western democracy.  At least some period of internecine strife appears likely, absent a massive intervention by Turkey, which we really do not want.

January 1, 2025

Russo Ukrainian War

In a sort of odd even in the ongoing war, a deal between Ukraine and Russia which allowed for the transport of natural gas across Ukraine into Europe, in spite of the war, expired this past week and, as a result, Ukraine shut the pipelines down, which makes perfect sense.

This creates, for the most part a less dire situation than a person might suppose.  Europe receives 5% of its natural gas from Russia.  Another pipeline that does not go through Ukraine does exist.

Unless you are in Moldova.

This is the only way the breakaway Transnistria region gets gas, and the impact there has been immediate.

January 6, 2025

Russo Ukrainian War

Ukraine has launched a new offensive in Russia's Kursk Oblast.

Last edition:

In this instance, of course, the last edition was, from last year.

January 8, 2025

United States v. Panama

United States v. Denmark

Today's headline in the Tribune:

TRUMP TALKS USING MILITARY IN TAKEOVER

Trump appears to be demented, and the US acting illegally in a war against Panama and NATO Ally Denmark should be taken seriously.

January 13, 2025

Russo Ukrainian War

Donald Trump's special envoy for the Russo Ukrainian War, who of course right now is simply a private citizen and may always be, has declared that Trump will end the war within 100 days of taking office.

Originally it was within 24 hours of taking office.

After that, it was within 24 hours of being elected.

Of course, a person would have had to have drank the KoolAide to believe either of the first two, and not to heavily doubt the third.

A really interesting look at North Korean troops in the war:

Troops Captured by Ukraine Provide Rare Glimpse Into North Korea’s Military

January 15, 2025

Middle Eastern War/Hamas Israeli War

Hamas and Israel appear to have agreed to a complicated cease fire.

January 20, 2025

Middle Eastern War/Hamas Israeli War

The first prisoners and hostages were released yesterday.

No more wars?

That was the promise of the Trump campaign, along with the price of groceries going down (they won't) and the war in Ukraine ending within 24 hours after his nomination to the GOP ticket (that didn't happen).

No more wars isn't shaping up to be true either.  

Two huge stories broke yesterday on Face the Nation, but with all going on, they aren't getting that much attention.

They are, in the style of this thread:

Israel v. Iran?

Lindsey Graham was on Face the Nation yesterday begging for Israel to hit Iranian nuclear sites.  He will be "engaging" Trump on this topic.

United States v. Mexican Cartels?

Incoming National Security Advisor strongly hinted that the US will be listing two Mexican drug cartels as terrorist organizations and implied that the US will be intervening in Mexico to take them on.

I'm frankly amazed this isn't a banner headline.  

If this goes in the direction that it seems to be, one of the purposes of having Graham and Waltz on the day before the inauguration on the best of the three weekend news shows is to get the information out, in a sort of early and curve ball fashion, that we're headed into to major military actions.  We apparently are going to urge the Netanyahu administration to basically finish the Iranian regime off, or at least decapitate its nuclear potential, and we're going into Mexico with special forces and aircraft, the way we've fought in Syrian and Iraq over the past two decades, but in a much more substantial fashion.

Whatever a person thinks of these proposals, Iran is not going to go gently into the night, although you could argue, as some have, that its down on its knees and needs to be wiped out.  

Mexico, no matter what the incoming Trump administration might think, does not want troops on its soil again for the third time.  It would likely fight back against an intervention, just like it did in 1916, even when the intervention is against an internal enemy, just like it was in 1916.

At any rate, at least right now, it would appear that the incoming administration isn't really against wars.  It's just in favor of different, and bigger, wars.

January 24, 2025

Russo Ukrainian War.

North Korea is sending more cannon fodder to the war.

This won't serve to turn the tide in favor of Russia, and if it continues, it will destroy the core of the North Korean army and leave an embittered veterans class.  The real threat to Ukraine now is Donald Trump.  So far Trump seems to have assumed that his pal Putin would simply end the war because Donald was elected, or perhaps due to something in the relationship between them (Trump is undeniably a Russian asset, the question is what kind of Russian asset he is, bought and paid for or by personal inclination).  Trump's present plans in regard to his first broken campaign promise is to cause the Saudi's to lower the price of oil as that will make Russia's too expensive to buy, apparently.

January 26, 2025

Middle Eastern War

The Trump Interregnum is resuming shipments of 2,000 lbs bombs to Israel on the basis that "they bought and paid for them", reflecting his sad view of the world.

Whether a person supports Israel or not, already leopards are eating the faces of left wing pro Palestinian voters and Arab American voters in the US who didn't support Harris.  Trump will make Biden look like a peace protester as far as Israel is concerned, and the far right is packed with the element that feels Israel can do no wrong.

Trump also is proposing to Jordan and Egypt that they take in the Gazans so that Gaza can be "cleaned out".  While there is in fact some merit to the Gazans being relocated (we suggested this earlier), both countries have rejected the idea completely and Trump's phone call diplomacy is working no more successfully here than it did with his call to Denmark's leader about his bizarre demand for Greenland.

January 28, 2025

Congo

The Congo River Alliance, backed by Rwanda, entered the country and took a major city this week.  Made up of 17 parties, the principal member is the U.S. and UN sanctioned March 23 Movement.  I have no idea what they are seeking.

January 31, 2025

Congo

M23 rebels seized control of Goma and are advancing toward the South Kivu provincial capital of Bukavu. 

February 1, 2025

US v. ISIL

Secretary of Defense Pete Hegseth Statement on U.S. Africa Command Strikes in Somalia

Feb. 1, 2025

Secretary of Defense Pete Hegseth statement on U.S. Africa Command strikes in Somalia

At President Trump's direction and in coordination with the Federal Government of Somalia, I authorized U.S. Africa Command to conduct coordinated airstrikes today targeting ISIS-Somalia operatives in the Golis mountains.

Our initial assessment is that multiple operatives were killed in the airstrikes and no civilians were harmed. This action further degrades ISIS's ability to plot and conduct terrorist attacks threatening U.S. citizens, our partners, and innocent civilians and sends a clear signal that the United States always stands ready to find and eliminate terrorists who threaten the United States and our allies, even as we conduct robust border-protection and many other operations under President Trump's leadership.

February 6, 2025

Arab Americans For Trump has changed its name to Arab Americans for Peace following Trump's proposal to remove the Palestinians from Gaza and turn it into an American territory.

Basically, they realized they'd been dumbasses, which was plenty obvious to start with.

Israel has of course leaped right on this lunatic suggestion and instructed its military to be prepared to allow Palestinians to leave, although freedom to leave a region is generally regarded as a human right.

It should be worth noting right now that a US presence of this type guarantees death will come to Americans involved in it, and we will now be a direct combatant in a nearly 80 year old guerilla war in the region.

I'd also note that a lot of far right evangelicals have a very peculiar view of Israel, and we now have a Secretary of Defense who is all tatted up with appropriated Crusader symbols, although a Crusader coming back form the dead would regard him as a heretic.

Oh well, what could go wrong?  Leopards won't eat our faces.

February 17, 2025

Russo Ukrainian War, Taiwan and World War III.

Donald Trump, who promised to end the Russo Ukrainian War upon being nominated for the Republican ticket, and also within 24 hours of being elected, is belatedly trying to make good upon his promise. . . but on what terms.

This past week the United States has basically told its European allies that its abandoning Europe and at the same time is starting unilateral talks with Russia in Saudi Arabia.

Saudi Arabia?

Hmm. . . . 

The Saudi's likely regard Trump as an epic clown, and have no real interest in the war ending, so who knows what's up with that.

Anyhow there are widespread fears, and legitimate ones, that Trump is just out to betray Ukraine Chamberlin style.  Trump's life reduces simply to money for Trump, and he's a man with no real values, so he likely genuinely can't grasp what the war is about.  At the same time he's trying to extract an economic deal from Ukraine, as that's all he really understands.  

Not very well grasped in this is that the US is rocketing towards a world war, with Trump being too dense to grasp it.  We've been harrassing Taiwan in recent weeks while we also removed a statement from our embassy website that we don't support its independence from China. Now, we apparently don't object to that.  I'm fine with that, but what Trump doesn't grasp is the following:

We'll be in a type of world war.

And I don't mean figuratively, I mean actually.

Somewhere around here is a post that predicted, at the time it was posted, that we would be at war with China within, I thought, about five years.  We aren't at that mark yet. 

China wants Taiwan and have been openly planning to invade it for years.  The Biden Administration was fairly openly planning on the defense of Taiwan.  Japan and the Philippines expect it to occur as well.

Trump is now punishing Taiwan economically, and China is going to move to get it.  The Chinese are not dumb, and my guess is that they don't figure that Trump will be around long either.  

Trump's a demented doofus who is destroying the American government.  This would be the ideal time for China to act.  And if they do, and I think they will, North Korea will attack South Korea shortly thereafter.  Whatever has gone on or is occuring in Eastern Europe, Russia will launch a massive fully mobilized campaign against Ukraine, and maybe the Balkans and Poland.  You can easily see a scenario where China attacks Taiwan and North Korea attacks South Korea later that same week, and Russia has a major offensive occuring within a month.

Indeed, if I led China, and the morals of the Chinese leadership, I'd do it. The balance of risks is on their sides, and will even be more on their sides after Elon Musk takes the meat cleaver to the military.

What will Trump do?  Probably babble and vacillate.  He'll yap for about a week on the basis that world leaders listen to him.  After a week, the situation will be grave for Taiwan and we'll be in an all out war in South Korea.  We'll act then, but we'll have lost a week which means when we do, we're going to take a naval pounding.

Trump, it might be noted, didn't answer his country's call when it came in Vietnam.  Musk managed not to be conscripted into the South African Army by migrating to Canada.

I think our chances of winning such a war are very slim.

A war like that isn't avoidable and we'll get in it.  Probably with Vance as head of state as Trump's escorted out the door babbling.

The reason Trump can't grasp this that Trump can't grasp that not everything is for sale.  Indeed, most things aren't for sale, and in much of the world very little is for sale.  For China, bypassing taking Taiwan does not have a dollar value. For Taiwan, reuniting with China doesn't have a dollar value.

We're headed towards World War Three.

February 20, 2025

Russo Ukrainian War

There were sharp words between President Zilensky and Donald Trump yesterday in which Zilensky said the quite part out loud saying the would be was "living in a disinformation space".  Trump ironically hit back by calling Zalinsky a "dictator", a real irony for a person illegitimately gathering autocratic authority to himself.

Trump's efforts to end the Russo Ukrainian War might actually have begun to sew the seeds of his irrelevancy.  Europe is united against Trump and Russia, as Trump tries to revive an late 19th Century view of foreign policy. And Trump's legendary negotiating skills, which are really fairly thuggish, don't appear to be working outside of the world of real estate, with Trump's worldview so limited that he can't really grasp that most people don't dream of being Florida golf course owners.  The question in increasingly becoming to what extent will his interregnum damage the United States internally and globally before an actual President returns to office.

March 1, 2025

Russo Ukrainian War

Yesterday made it clear that Donald Trump is really a spoiled, and not very smart, child.

Raised with a sliver spoon up his ass, and a bully by heart, with a career of well funded bulliness, he's come to believe he's a genius, as have his largely ignorant supporters, the latter of whom are seemingly unaware that a person born into Trump's wealth could have the IQ of a houseplant and still make money.

Trump, busy trying to make a deal to extort Ukraine's mineral wealth in exchange for . . . well it's not clear, found that leaders of country's don't respect spoiled children.  This lead to a short of shouting match between Trump and President Zelenskiy in the White House.

In the past month Europe as a whole has moved away from the United States, as has Canada, and are well on their way to forming a new second power block as the United States fades into being a regional petulant power.  Tariffs next week will finish it.  Ukraine will likely turn to Europe, and the US, lead by a spoiled not very smart brat, will turn into an economically hobbled regional bully in which somewhat over half the population dislikes to outright detests its leadership

Sic Transit Gloria Mundi.



Last edition:

Wars and Rumors of War, 2024. Part 9. Closing out 2024.

Tuesday, January 28, 2025

Tuesday, January 28, 1975. Be My Valentine, Charlie Brown.

Be My Valentine, Charlie Brown, premiered.

Japan and the Soviet Union signed an agreement for a joint venture of drilling for oil on Sakhalin Island in which Japan was to receive "a significant discount on half of the pumped oil" for ten years in exchange for funding the project.

Last edition:

Thursday, January 23, 1975. Failed tariff.

Thursday, January 23, 2025

Thursday, January 23, 1975. Failed tariff.

President Ford imposed a $3.00/bbl fee on imported oil, which was phased in such that it started with $1.00/bbl on February 1.

The courts determined that the President lacked such executive power.

I'm not sure what the goal of that tariff was.  Perhaps to try to boost domestic oil production, which was a huge concern at the time.

The policy comedy Barney Miller premiered on television.  It was truly a great example of 1970s situation comedy.

Last edition:

Wednesday, January 22, 1975: Mercury Bobcat goes public

Saturday, December 21, 2024

Subsidiarity Economics 2024. The Times more or less locally, Part 4. A return to Pre Covid status


US incomes have returned to their 2019 level, adjusted for inflation.

The adjusted rate of inflation was 2.9%.

While people will continue to complain, this is pretty close to being back to the economic status of 2019.

Oil dropped yesterday to $69/bbl.

September 25, 2024

Delta To Pull Out Of Casper Airport, Last Flight Is Dec. 3


Delta To Pull Out Of Casper Airport, Last Flight Is Dec. 3


November 17, 2024

Boeing is commencing layoffs.

November 26, 2024

In a monumentally bad idea, President-elect Donald Trump said Monday he will issue executive orders imposing new tariffs on all imported goods from China, Mexico and Canada. with the rates being 25 percent tariffs would be imposed on Mexican and Canadian merchandise and 10 percent on Chinese goods.  This was tied, oddly, to his immigration goals.

December 2, 2024

President Elect Trump threatened 100% tariffs against Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Iran and the United Arab Emirates. 
Turkey, Azerbaijan and Malaysia if they act to block the US Dollar ast he global reserve currency.

December 3, 2024

From a Fox News broadcast:
We are told that when Trudeau told President-elect Trump that new tariffs would kill the Canadian economy, Trump joked to him that if Canada can't survive without ripping off the U.S. the tune of one hundred billion dollars a year, then maybe Canada should become the 51st state and Trudeau could become its governor.

Apparently this was said by Trump in jest by our boorish embarrassment of a President Elect. 

December 11, 2024

$24B merger between grocery giants Kroger, Albertsons blocked by federal judge


Continuous arabica coffee futures on the ICE rose 4.1% to $3.44 a pound beating a record set in 1977 even before it is adjusted for inflation.

December 12, 2024

An Ontario message to Donald Trump from Ontario Premier Doug Ford.
We need to be ready to fight [on] January the 20th. We will go to the extent of cutting off their energy, going down to Michigan, going down to New York State and over to Wisconsin. I don't want this to happen, but my number one job is to protect Ontario, Ontarians and Canadians as a whole since we're the largest province. Let's see what happens as we move forward. But we'll use every tool in our toolbox, including cutting them off energy that we're sending down there.
Frankly, a lot of New York will freeze in the dark without Canadian hydroelectric.

On groceries, the item that a lot of Trump voters naively believed Trump could make the price of "go down":
It's hard to bring things down once they're up. You know, it's very hard.

Donald Trump.

D'uh. 

There was no earthly way that Trump was ever going to be able to get the price of groceries to go down and a person would have had to have been bereft of economic knowledge to have believed that.  Unfortunately, a lot of Americans are in fact bereft of economic knowledge.  As we've noted here before, that would require deflation, and deflation if prolonged, causes a Depression.

Trump back on November 4, 2024: “A vote for Trump means your groceries will be cheaper.”

Nope, they won't be.

So, now that he's been elected, this promise joins the one to end the war in Ukraine 24 hours after he's elected.  I.e., it'll be broken.

December 13, 2024

Pope Francis.
Forgive us our trespasses: grant us your peace

I. Listening to the plea of an endangered humanity

1. At the dawn of this New Year given to us by our heavenly Father, a year of Jubilee in the spirit of hope, I offer heartfelt good wishes of peace to every man and woman. I think especially of those who feel downtrodden, burdened by their past mistakes, oppressed by the judgment of others and incapable of perceiving even a glimmer of hope for their own lives. Upon everyone I invoke hope and peace, for this is a Year of Grace born of the Heart of the Redeemer!

2. Throughout this year, the Catholic Church celebrates the Jubilee, an event that fills hearts with hope. The “jubilee” recalls an ancient Jewish practice, when, every forty-ninth year, the sound of a ram’s horn (in Hebrew, jobel) would proclaim a year of forgiveness and freedom for the entire people (cf. Lev 25:10). This solemn proclamation was meant to echo throughout the land (cf. Lev 25:9) and to restore God’s justice in every aspect of life: in the use of the land, in the possession of goods and in relationships with others, above all the poor and the dispossessed. The blowing of the horn reminded the entire people, rich and poor alike, that no one comes into this world doomed to oppression: all of us are brothers and sisters, sons and daughters of the same Father, born to live in freedom, in accordance with the Lord’s will (cf. Lev 25:17, 25, 43, 46, 55).

3. In our day too, the Jubilee is an event that inspires us to seek to establish the liberating justice of God in our world. In place of the ram’s horn, at the start of this Year of Grace we wish to hear the “desperate plea for help” [1] that, like the cry of the blood of Abel (cf. Gen 4:10), rises up from so many parts of our world – a plea that God never fails to hear. We for our part feel bound to cry out and denounce the many situations in which the earth is exploited and our neighbours oppressed. [2] These injustices can appear at times in the form of what Saint John Paul II called “structures of sin”, [3] that arise not only from injustice on the part of some but are also consolidated and maintained by a network of complicity.

4. Each of us must feel in some way responsible for the devastation to which the earth, our common home, has been subjected, beginning with those actions that, albeit only indirectly, fuel the conflicts that presently plague our human family. Systemic challenges, distinct yet interconnected, are thus created and together cause havoc in our world. [4] I think, in particular, of all manner of disparities, the inhuman treatment meted out to migrants, environmental decay, the confusion willfully created by disinformation, the refusal to engage in any form of dialogue and the immense resources spent on the industry of war. All these, taken together, represent a threat to the existence of humanity as a whole. At the beginning of this year, then, we desire to heed the plea of suffering humankind in order to feel called, together and as individuals, to break the bonds of injustice and to proclaim God’s justice. Sporadic acts of philanthropy are not enough. Cultural and structural changes are necessary, so that enduring change may come about. [5]

II. A cultural change: all of us are debtors

5. The celebration of the Jubilee spurs us to make a number of changes in order to confront the present state of injustice and inequality by reminding ourselves that the goods of the earth are meant not for a privileged few, but for everyone. [6] We do well to recall the words of Saint Basil of Caesarea: “Tell me, what things belong to you? Where did you find them to make them part of your life? … Did you not come forth naked from the womb of your mother? Will you not return naked to the ground? Where did your property come from? If you say that it comes to you naturally by luck, you would deny God by not recognizing the Creator and being grateful to the Giver”. [7] Without gratitude, we are unable to recognize God’s gifts. Yet in his infinite mercy the Lord does not abandon sinful humanity, but instead reaffirms his gift of life by the saving forgiveness offered to all through Jesus Christ. That is why, in teaching us the “Our Father”, Jesus told us to pray: “Forgive us our trespasses” ( Mt 6:12).

6. Once we lose sight of our relationship to the Father, we begin to cherish the illusion that our relationships with others can be governed by a logic of exploitation and oppression, where might makes right. [8] Like the elites at the time of Jesus, who profited from the suffering of the poor, so today, in our interconnected global village, [9] the international system, unless it is inspired by a spirit of solidarity and interdependence, gives rise to injustices, aggravated by corruption, which leave the poorer countries trapped. A mentality that exploits the indebted can serve as a shorthand description of the present “debt crisis” that weighs upon a number of countries, above all in the global South.

7. I have repeatedly stated that foreign debt has become a means of control whereby certain governments and private financial institutions of the richer countries unscrupulously and indiscriminately exploit the human and natural resources of poorer countries, simply to satisfy the demands of their own markets. [10] In addition, different peoples, already burdened by international debt, find themselves also forced to bear the burden of the “ecological debt” incurred by the more developed countries. [11] Foreign debt and ecological debt are two sides of the same coin, namely the mindset of exploitation that has culminated in the debt crisis. [12] In the spirit of this Jubilee Year, I urge the international community to work towards forgiving foreign debt in recognition of the ecological debt existing between the North and the South of this world. This is an appeal for solidarity, but above all for justice. [13]

8. The cultural and structural change needed to surmount this crisis will come about when we finally recognize that we are all sons and daughters of the one Father, that we are all in his debt but also that we need one another, in a spirit of shared and diversified responsibility. We will be able to “rediscover once for all that we need one another” and are indebted one to another. [14]

III. A journey of hope: three proposals

9. If we take to heart these much-needed changes, the Jubilee Year of Grace can serve to set each of us on a renewed journey of hope, born of the experience of God’s unlimited mercy. [15]

God owes nothing to anyone, yet he constantly bestows his grace and mercy upon all. As Isaac of Nineveh, a seventh-century Father of the Eastern Church, put it in one of his prayers: “Your love, Lord, is greater than my trespasses. The waves of the sea are nothing with respect to the multitude of my sins, but placed on a scale and weighed against your love, they vanish like a speck of dust”. [16] God does not weigh up the evils we commit; rather, he is immensely “rich in mercy, for the great love with which he loved us” ( Eph 2:4). Yet he also hears the plea of the poor and the cry of the earth. We would do well simply to stop for a moment, at the beginning of this year, to think of the mercy with which he constantly forgives our sins and forgives our every debt, so that our hearts may overflow with hope and peace.

10. In teaching us to pray the “Our Father”, Jesus begins by asking the Father to forgive our trespasses, but passes immediately to the challenging words: “as we forgive those who trespass against us” (cf. Mt 6:12). In order to forgive others their trespasses and to offer them hope, we need for our own lives to be filled with that same hope, the fruit of our experience of God’s mercy. Hope overflows in generosity; it is free of calculation, makes no hidden demands, is unconcerned with gain, but aims at one thing alone: to raise up those who have fallen, to heal hearts that are broken and to set us free from every kind of bondage.

11. Consequently, at the beginning of this Year of Grace, I would like to offer three proposals capable of restoring dignity to the lives of entire peoples and enabling them to set them out anew on the journey of hope. In this way, the debt crisis can be overcome and all of us can once more realize that we are debtors whose debts have been forgiven.

First, I renew the appeal launched by Saint John Paul II on the occasion of the Great Jubilee of the Year 2000 to consider “reducing substantially, if not cancelling outright, the international debt which seriously threatens the future of many nations”. [17] In recognition of their ecological debt, the more prosperous countries ought to feel called to do everything possible to forgive the debts of those countries that are in no condition to repay the amount they owe. Naturally, lest this prove merely an isolated act of charity that simply reboots the vicious cycle of financing and indebtedness, a new financial framework must be devised, leading to the creation of a global financial Charter based on solidarity and harmony between peoples.

I also ask for a firm commitment to respect for the dignity of human life from conception to natural death, so that each person can cherish his or her own life and all may look with hope to a future of prosperity and happiness for themselves and for their children. Without hope for the future, it becomes hard for the young to look forward to bringing new lives into the world. Here I would like once more to propose a concrete gesture that can help foster the culture of life, namely the elimination of the death penalty in all nations. This penalty not only compromises the inviolability of life but eliminates every human hope of forgiveness and rehabilitation. [18]

In addition, following in the footsteps of Saint Paul VI and Benedict XVI, [19] I do not hesitate to make yet another appeal, for the sake of future generations. In this time marked by wars, let us use at least a fixed percentage of the money earmarked for armaments to establish a global Fund to eradicate hunger and facilitate in the poorer countries educational activities aimed at promoting sustainable development and combating climate change. [20] We need to work at eliminating every pretext that encourages young people to regard their future as hopeless or dominated by the thirst to avenge the blood of their dear ones. The future is a gift meant to enable us to go beyond past failures and to pave new paths of peace.

IV. The goal of peace

12. Those who take up these proposals and set out on the journey of hope will surely glimpse the dawn of the greatly desired goal of peace. The Psalmist promises us that “steadfast love and faithfulness will meet; righteousness and peace will kiss” ( Ps 85:10). When I divest myself of the weapon of credit and restore the path of hope to one of my brothers or sisters, I contribute to the restoration of God’s justice on this earth and, with that person, I advance towards the goal of peace. As Saint John XXIII observed, true peace can be born only from a heart “disarmed” of anxiety and the fear of war. [21]

13. May 2025 be a year in which peace flourishes! A true and lasting peace that goes beyond quibbling over the details of agreements and human compromises. [22] May we seek the true peace that is granted by God to hearts disarmed: hearts not set on calculating what is mine and what is yours; hearts that turn selfishness into readiness to reach out to others; hearts that see themselves as indebted to God and thus prepared to forgive the debts that oppress others; hearts that replace anxiety about the future with the hope that every individual can be a resource for the building of a better world.

14. Disarming hearts is a job for everyone, great and small, rich and poor alike. At times, something quite simple will do, such as “a smile, a small gesture of friendship, a kind look, a ready ear, a good deed”. [23] With such gestures, we progress towards the goal of peace. We will arrive all the more quickly if, in the course of journeying alongside our brothers and sisters, we discover that we have changed from the time we first set out. Peace does not only come with the end of wars but with the dawn of a new world, a world in which we realize that we are different, closer and more fraternal than we ever thought possible.

15. Lord, grant us your peace! This is my prayer to God as I now offer my cordial good wishes for the New Year to the Heads of State and Government, to the leaders of International Organizations, to the leaders of the various religions and to every person of good will.

Forgive us our trespasses, Lord,

as we forgive those who trespass against us.

In this cycle of forgiveness, grant us your peace,

the peace that you alone can give

to those who let themselves be disarmed in heart,

to those who choose in hope to forgive the debts of their brothers and sisters,

to those who are unafraid to confess their debt to you,

and to those who do not close their ears to the cry of the poor.

From the Vatican, 8 December 2024
December 17, 2024

Canada's Finance Minister resigned.

This of course gave the chance for our bratty twelve year old president elect to make another one of his snotty tweets.
The Great State of Canada is stunned as the Finance Minister resigns, or was fired, from her position by Governor Justin Trudeau. Her behavior was totally toxic, and not at all conducive to making deals which are good for the very unhappy citizens of Canada. She will not be missed!!!
Where this conduct comes from, and why its tolerated is another question.

December 18, 2024

Elon Musk is campaigning against the bill that would provide stop gap funding until the next Congress convenes.


December 19, 2024

The Fed is cutting interests rates.

December 20, 2024

After tanking one continuing budget resolution, following his super wealthy "DOGE" appointees, Trump supported a second, which tanked last night.

And here we enter interesting territory.  In spite of widespread public belief to the contrary, Trump was set to inherit a strong economy.  Now he's tanking it.


December 21, 2024

A CR passed but House Republicans defied a Trump request to raise the debt ceiling.

Why would Trump want to raise the debt ceiling if he intends to be true to the spirit of his campaign?

And now Trump is threatening the EU with tariffs if they don't up oil and gas imports, which are already at capacity.

Related threads:

September 10, 2024. Pearls Before Swine.

Last edition:

Subsidiarity Economics 2024. The times more or less locally, Part 3. The Decarbonizing the West and Electronic eartags Edition.

Wednesday, December 11, 2024

The 2025 Wyoming Legislative Session, Part 1. And we've already started. . .

 


April 4, 2024

Eh?  2025?  Didn't the 2024 session just wrap up?

Yes, yes it did, and:

Lawmakers begin work on new bills after voting against special session

It seems like we're getting closer and closer to a full-time legislature, which is a bit scary.

June 18, 2024

From: Subsidiarity Economics 2024. The times more or less locally, Part 3. The Decarbonizing the West and Electronic eartags Edition.

Related to this, and acknowledging that electric vehicles are coming, a draft bill for the 2025 legislature proposes to tax electric vehicle charging.  While that sounds punitive, the thought it that it will make up for lost gasoline taxes used for roads.  The introductory part of that bill:

September 24, 2024

The final makeup of the 2025 legislature isn't known yet, but as some other things posted today demonstrate, its fairly likely, although not certain, that the Wyoming Freedom Caucus, a populist (not conservatives) entity that's really a political party in its own right, will control the House.

If this comes to pass, it'll make for a massively contentious legislative session. The populist have already been extremely disruptive in the legislature, and now they'll be expected to advance their agenda, which in some instances are actually completely unworkable.  Should their views on taxation advance, for instance, it'll bankrupt local governments and reduce Wyoming to an overall sort of Appalachia in terms of government services.

Additionally, the hypocrisy of Wyoming positions on the Federal government will rapidly come to the forefront.  Can we really give the US government the middle finger, while accepting highway and disaster money?

Are we going to fight wildlands fires on our own?

Indeed, the Wyoming Freedom Caucus may be the biggest  gift to the Wyoming Democratic Party imaginable.

In the meantime, it's the outgoing legislature, not the incoming one, that's working on bills for the 2025 session.  These are the ones being considered right now.

Appropriations

Select Committee on Blockchain, Financial Technology and Digital Innovation Technology

Corporations, Elections & Political Subdivisions

Minerals, Business & Economic Development

October 4, 2024.


November 17, 2024

Small coal fired power plants? 

Seriously?

November 19, 2025

Making driver's licenses busier:


November 26, 2024

Looming disaster:

Wyoming Freedom Caucus poised for nation’s first statehouse takeover

Headline in the Tribune.

Cont:

Freedom Caucus in control of the House.  Uff.

December 5, 2024

A bill to incentivize utilities to take steps in regard to wildfires in exchange for liability limitations has failed in committee.

December 9, 2024
December 11, 2024

The Freedom Caucus has taken over committee assignments.