The comparison to the economic benefit of slavery to cheap dirty oil is discussed in a great interview of Chris Hayes on the Sam Sedar podcast the other day. The lack of innovation of the South to their economy relying on a system that was based on unpaid labor produced many millionaires but kept the region poor and dependent on these Southern elites and Hayes compares this with our reliance on the royal families and Arab oil billionaires in the house of Saud. 
Ever the more reason for us to move beyond the brung of fossil fuels that is wrecking havoc on our environment and Hayes and Sedar discussed how we need to move beyond a political economy where oil prevents lack of innovation and change. Hayes talked a out the exploitation of slaves and how it produced so much profit as it required no capital. This is how the system lasted so long but on asking about modern oil drilling it is capital intensive that will make it costly to maintain machinery to get the last bits of difficult oil reserves that exist. All the easy oil is gone. Making it more difficult to the capital investors and threaten making it more expensive tmextract this dirty polluting oil is the first goal of environmentalists and their allies against the "investormentalists" as I call them who want to continue the burning of fossil fuels not caring about its ultimate consequence for the future. This is a major war and the modern day fight just like the abolition movement against slavery and needs to be won in a more shorter timespan if this planet will ever be inhabitable in the future for oxygen breathing species.Chris
Ever the more reason for us to move beyond the brung of fossil fuels that is wrecking havoc on our environment and Hayes and Sedar discussed how we need to move beyond a political economy where oil prevents lack of innovation and change. Hayes talked a out the exploitation of slaves and how it produced so much profit as it required no capital. This is how the system lasted so long but on asking about modern oil drilling it is capital intensive that will make it costly to maintain machinery to get the last bits of difficult oil reserves that exist. All the easy oil is gone. Making it more difficult to the capital investors and threaten making it more expensive tmextract this dirty polluting oil is the first goal of environmentalists and their allies against the "investormentalists" as I call them who want to continue the burning of fossil fuels not caring about its ultimate consequence for the future. This is a major war and the modern day fight just like the abolition movement against slavery and needs to be won in a more shorter timespan if this planet will ever be inhabitable in the future for oxygen breathing species.Chris
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