Jim Norman: The US Plays the Oil Card

Catherine with Jim Norman


“The trouble with this country is that you can’t win an election without the oil bloc, and you can’t govern with it.”
               – Franklin D. Roosevelt

By Catherine Austin Fitts

This Thursday, veteran journalist and author Jim Norman joins us to talk about the energy markets. What is happening in the oil and gas industry and what does it mean in terms of geopolitics and financial and commodities markets?

Jim is the author of The Oil Card and, after Franklin Sanders, has joined us on the Solari Report more than any other commentator. (See blog posts: May 19, 2011, June 17, 2010, March 19, 2010.) I consider Jim’s unique insight into what is happening in the energy world to be invaluable.

A question I have asked for the last several shows is about the possibility of an “American Renaissance.” Is such a notion fact or fiction? The dollar remains relatively strong and the pundits are out extolling the virtues of American corporations, ignoring the dependency of their earnings on government and central bank intervention.

Perhaps the most important question for the US economy is whether the growing oil and gas reserves will make America both self sufficient and competitive.

  • Can a high oil price checkmate China, while a low natural gas price keeps American manufacturing competitive in the global markets?
  • And what about all the impact of new technologies – whether in the oil patch or in renewable energy?

 
We will also get an update on the clean up in the Gulf  and the politics of the Keystone XL pipeline and discuss how the oil industry will line up in the fall elections.

I will start with Money and Markets and Ask Catherine.

In Let’s Go to the Movies, a comment on the popularity of Suzanne Collin’s movie adaptation of her book, Hunger Games.


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Talk to you Thursday!