Wikileaks – Saudi Oil Reserves May Be Vastly Overstated, Koch Brothers Push for Tar Sands Pipeline & Saving Social Security with a Carbon Tax_on Earthbeat
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EARTHBEAT — Wikileaks – Saudi Oil Reserves May Be Vastly Overstated, Koch Brothers Push for Tar Sands Pipeline & Saving Social Security with a Carbon Tax
Wikileaks documents show that a top Saudi Arabian geologist told US diplomats that Saudis were overestimating the country’s oil reserves by as much as 40 percent. These cables were discovered by the environmental reporter for The Guardian – John Vidal. John joins Earthbeat host Daphne Wysham to discuss these cables, the geologist’s attempts to retract or at least re-frame his comments, and what the whole affairs means for world oil prices and peak oil.
The Koch Brothers have made billions in the oil industry and it’s been uncovered that they plan to spend millions to defeat President Obama in the upcoming election – and yet they’re pushing the Obama Administration to approve a massive new pipeline that would bring oil from Canadian tar sands down to Texas refineries. Joe Smyth of Greenpeace joins us to discuss the Keystone Pipeline and the Koch Brother’s deep pockets and political maneuvers.
Elaine Kamarck is with the Harvard Kennedy School of Government. She says that one way we could finance climate action is by having a carbon tax, and put the proceeds toward shoring up social security.