Streams

Petroleum, Power, and High Finance

Wednesday, November 23, 2011

Greg Palast discusses his investigation into how the oil and banking industries manage to avoid government regulation. In Vulture’s Picnic: In Pursuit of Petroleum Pigs, Power Pirates, and High-Finance Carnivores, he shows how environmental disasters like the Gulf oil spill, the Exxon Valdez, and lesser-known tragedies such as Tatitlek and Torrey Canyon are caused by corporate corruption, failed legislation, and veiled connections between the financial industry and big energy.

Guests:

Greg Palast

Comments [22]

anna from new york

Edward#21
I don't know whether it's possible.
I've been laughing for some three weeks since I found out that American Flotilla jet set flew in jets and was driven in limousines to Washington ... to protect the Arab countries oil monopoly. Watching Amy Goodman switching from her main subject "the Flotilla"/the Palestinians to pipeline for a couple of days and then swiftly back to her main topic has been fun, fun, fun.
In general, I like theoretical question, such as the old one "evil or crazy."

Nov. 24 2011 01:54 PM
Edward from Washington Heights AKA pretentious Hudson Heights

Dismantle OPEC and Internationalize Middle East oil.

Have a group of G8 countries manage the oil fields and lower the price of a barrel from $100 to $10.

Cheaper oil will help the entire world.

Nov. 24 2011 12:52 PM
anna from new york

"GP has an extensive body of work incredibly researched and imperically based, he does work for the BBC and Guardian newspaper"
The fact that he works for BBC and Guardian disqualifies him as a journalist. As far as his "incredible research and empirism" - why don't you google him.

Nov. 24 2011 08:52 AM
RayK from brooklyn,

GP has an extensive body of work incredibly researched and imperically based, he does work for the BBC and Guardian newspaper.
He was exposing the fraudulent Presidential election in Florida and the unconstitutional intereference of the supreme court (fed not state) when the rest of this country's journalists' were asleep.
Word to the wise, don't kill the messenger.

Nov. 23 2011 06:36 PM
Bob Abate from Yonkers, NY

I found the content interesting and quite plausible but the author to be incredibly obnoxious and self-serving. Unfortunately, at least in my opinion, it's a perfect example of the messenger killing the message.

Nov. 23 2011 02:00 PM
anna from new york

"Nancy from Brooklyn
Thank you for this segment. Wonderful explanation of what really happened in Greece."

And you know that this was an explanation and not something else ... how?
Oh no, should I start preaching about the quality of American education (or frankly the mind) again?

Nov. 23 2011 01:55 PM
Tom P from Fanwood, NJ

To Tom E.

My complaint has to with style. To me this author believed that his style was primary and the message secondary. I agree that great people possess large egos. This author gave me the impression that He was more important than his story. There was a lot of "Hey look at me" than "Hey, you've got to hear this."

Nov. 23 2011 01:44 PM

Nick from UWS, I had the same feeling. Wonder what's up with that?

Nov. 23 2011 01:18 PM
RLS from Alaska

So, Citizen fuva from Harlemworld: what are YOU doing? Lapping up conspiracy theories spun by an obvious egomaniac, doesn't count as doing something. What I'M doing is calling this fraud out because we have problems in America that need solving and this man's mercenary profiteering and shameless ego-stoking doesn't help at all.

Nov. 23 2011 01:14 PM
fuva from Harlemworld

We all must be skeptical, but RLS' incredulousness is why most citizens do nothing and allow all types of craziness to prevail. We just can't believe it's this bad, but it too often is.

Nov. 23 2011 12:40 PM
jgarbuz from Queens

Okay, we all know that oil is bad, and sunlight is good, even though too much sunlight can cause cancer too! Nobody denies that in the oil business, as in any business, there is a lot monkey business that goes on. But this guy is just a muckraker, looking to rake up more muck than there really is. He wants to write the "Jungle" of the oil industry. But it's been done already. We all want clean, alternative energy, but we also want it cheap and reliable, especially in this depressed economy. And that is the real story.

Nov. 23 2011 12:39 PM
Nick from UWS

It's obvious Leonard does not like this guest.

Nov. 23 2011 12:39 PM
john from office

Len is there any proof of these allegations ?? the Oils issues and the financial allegations??

Nov. 23 2011 12:37 PM
Jay F.

Sounds like Roger Moore.

Nov. 23 2011 12:35 PM
GJ from NYC

RLS - What makes you think it's a fantasy? Sounds like he has a bunch of research there. I find it very plausible and indeed likely that these things are going on all the time. He sounds brilliant to me.

Nov. 23 2011 12:33 PM
jgarbuz from Queens

Hey Lenny, boobie, this guy is selling a load of bull, but is an excellent schmoozer, boobie! He can schooze the socks off anyone I bet.

Nov. 23 2011 12:32 PM
fuva from Harlemworld

Much of the financial mess is about those with specialized financial knowledge and power misleading and exploiting the financial illiterate.

Nov. 23 2011 12:29 PM
fuva from Harlemworld

Much of the financial mess is about those with specialized financial knowledge and power misleading and exploiting the financial illiterate.

Nov. 23 2011 12:27 PM
RLS from Alaska

This man is living in a complete fantasy world of his own making. Wow.

Nov. 23 2011 12:27 PM
Nancy from Brooklyn

Thank you for this segment. Wonderful explanation of what really happened in Greece.

Nov. 23 2011 12:27 PM
Tom E

To Tom P. - to do the sort of real investigative journalism for this subject and many more - does require a pretty big Ego...one needs to feel they are bigger, better, etc than the ones they are investigating to stay the course...all social changes have been made by Ego's...its the ones lacking Ego who fall in line and eat at the trough...

Nov. 23 2011 12:20 PM
Tom P from Fanwood, NJ

Interesting topic, although this author comes off as a insufferable egomaniac.

Nov. 23 2011 12:12 PM

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