SOCIETY & CULTURE Tesla Made More Than The Entire US Oil Industry Last Quarter
ByWaking Times MediaPosted on November 15, 2016 teslafactory
Tesla Motors made a handsome profit this quarter for the first time while the US oil industry is in the red.
Whitney Webb, True Activist
Waking Times Media
Tesla Motors, the American automaker and energy storage company, made $22 million in profits last quarter, handily outdoing the entire US oil industry who managed to lose $67 billion last year due to the major instability in oil prices. This is great news for Tesla, who has frequently been maligned by Wall Street analysts as permanently unprofitable. Tesla had previously stated that last quarter was their last opportunity to show investors that the company, which embraces alternative energy, could be profitable and have a positive cash flow. Tesla’s recent growth shattered even the company’s own expectations as they were able to open 17 new stores and service centers and delivered nearly 25,000 vehicles. However, doubts have been raised as to whether Tesla’s recent successes were enabled largely by the massive government subsidies it receives.
Tesla Motors, along with CEO Elon Musk’s three other companies, have benefited from over $4.9 billion in government (i.e. taxpayer) support, only half a billion less than that received by the entire fossil fuel industry. In a recent example, the state of Nevada decided to offer Tesla $1.3 billion in benefits for the construction of a Nevada battery factory after a year of tense negotiations. Musk also secured $126 million in California subsidies for the development of its energy storage technology. Though there is reason to celebrate Tesla’s initiatives in the alternative energy sector, taking the first steps of weening the country off of fossil fuels, it appears that US taxpayers are already funding the “popular uprising” against oil and gas that Musk recently called for whether they want to or not. Yet, unlike Tesla’s share-holders, it remains doubtful that any of Tesla’s new-found profits and stock price increases will benefit US taxpayers in the short term.
Tesla’s success last quarter stands in sharp contrast to the state of the US fossil fuel industry. Oil prices, largely thanks to geopolitical turmoil in the Middle East and unsuccessful OPEC deals regarding production cuts. The sharp drops in oil prices last year, which at point reached less than $40 a barrel, left many oil and gas companies on edge, with smaller companies declaring bankruptcies and larger companies warning that oil storage will run out within the year. Many fossil fuel companies were in risky positions anyway after investing in costly, last-ditch extraction efforts such as fracking and off-shore drilling, which become major liabilities with plummeting oil prices. Even the $5.5 billion in subsidies energy companies receive from the federal government couldn’t save them.
The fact is that peak oil – the idea that oil will someday reach its “peak” and will subsequently begin to run out – has already happened. Actually, it happened 5 years ago in 2011. The reason fracking and off-shore oil drilling are expanding is not because it is profitable, it’s because that’s all that’s left. Fossil fuel companies are on their death bed and instead of making the albeit painful but necessary switch to renewable energy, they clinging to their and the world’s fossil fuel addiction until there’s nothing left. Though Tesla’s efforts prove that there is profit in renewable energy, it too could prove problematic due to the company’s addiction to federal subsidies. The real solution to this problem is for the federal government to stop covering up the greatest invention of Tesla’s motors namesake, Nikola Tesla’s free energy device. Tesla and other companies won’t touch it because there is no profit to be made in free energy. This just illustrates that the battle to end fossil fuel dependence is a key part of the battle to end humanity’s dependence on profits.
This article (Tesla Made More Than The Entire US Oil Industry Last Quarter) was originally created and published by True Activist and is re-posted here with permission.
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Universal Declaration of Human Rights
PDF version for the language Chinese (Mandarin)
Version PDF
Chinese (Mandarin)
the Source: United Nations Department of Public Information, NY
Universal Declaration of Human Rights
No. (III) resolution 217A adopted and promulgated on December 10, the UN General Assembly in 1948
December 10, 1948, the UN General Assembly adopted and proclaimed the "Declaration of Human Rights." Following this historic "Declaration" after the enactment of the General Assembly called upon all Member countries to publicize and that "regardless of the political status of countries or territories, mainly to be in schools and other educational institutions disseminated, displayed, read and expounded. "" Declaration "reads as follows:
Preface
Whereas recognition of the inherent dignity of all members of the human family and of the equal and inalienable rights, basic foundation of freedom, justice and peace,
Given the advent of disregard and contempt for human rights have resulted in barbarous acts which have outraged the conscience of mankind, which human beings shall enjoy freedom of speech and belief and from fear and want the world, it has been proclaimed as the highest aspiration of the common people ,
Whereas it is essential if man is not forced to take the risk to rebellion against tyranny and oppression, that human rights protected by the rule of law,
Whereas it is essential to promote the development of friendly relations between nations,
Whereas the peoples of the United Nations have reaffirmed their faith in fundamental human rights, human dignity and worth and equality rights in the Charter, and determined to promote social progress in larger freedom and living standards,
Whereas Member States have pledged themselves to cooperate with the United Nations to promote human rights and fundamental freedoms of universal respect for and observance,
Whereas a common understanding of these rights and freedoms for the full realization of this pledge has great importance,
Now, therefore, The General Assembly, Proclaims this Universal Declaration of Human Rights as a common standard for all peoples and all nations, and to every individual and every organ of society this Declaration constantly in mind, efforts to promote respect for the rights and freedoms by teaching and education, and by progressive measures, national and international, to secure these rights and freedoms of the people themselves and their universal and effective recognition and observance, both among Member States in their territories under the jurisdiction of the people;
Article
Human beings are born free in dignity and equal rights. They are endowed with reason and conscience and should act in a spirit of brotherhood to be relative.
Article
Everyone is entitled to all the rights of any distinction and freedoms set forth in this Declaration, without distinction of race, color, sex, language, religion, political or other opinion, national or social origin, property, birth or other status.
And shall not, different or international status of the country or the political administration of the territory of a person belongs and distinction, whether it be independent, trust territories, non-self-governing or under any circumstances other limitation of sovereignty .
Article
Everyone has the right to life, liberty and security of person.
Article
No one shall be held in slavery or servitude; all forms of slavery and the slave trade shall be prohibited.
The fifth
No one shall be subjected to torture or to cruel, inhuman or degrading treatment or punishment.
Article
Everyone has the right to recognition everywhere as a person before the law.
Article
Equal before the law and entitled to equal protection of the law without any discrimination. All are entitled to equal protection against any discrimination in violation of victims of this Declaration and against any incitement to such acts of discrimination.
Article VIII
Any person who by the constitution or the law granted him by the fundamental rights have been violated, is entitled by the competent national tribunals for violations to an effective remedy.
Article IX
No one shall be subjected to arbitrary arrest, detention or exile.
Article X
Everyone is entitled in full equality by an independent and impartial tribunal fair and public hearing to determine his rights and obligations and of any criminal charge against him.
Article XI
(1) Everyone charged with a criminal who, without all the guarantees necessary for his defense proved guilty according to law in a public trial and before the right to be presumed innocent.
(Ii) any act or omission of any person, at the time of its occurrence under national or international law which did not constitute a criminal offense, shall be convicted of a criminal offense. Nor shall a heavier penalty in time of the offense the applicable legal provisions.
Article XII
Anyone's privacy, family, home or correspondence shall be arbitrarily interfere in his honor and reputation, nor to attacks. Everyone has the right to enjoy the protection of the law against such interference or attacks.
Article XIII
Everyone has the right to freedom of movement and residence within the territory.
Everyone has the right to leave any country, including his own, and to return to his country.
Article XIV
Everyone has the right to seek and to enjoy in other countries asylum from persecution.
(Ii) in the case of genuinely arising from non-political crimes or from acts contrary to the purposes and principles of the United Nations and prosecutions of such rights may not be invoked.
Article XV
Everyone has the right to a nationality.
2. No one shall be arbitrarily deprived of their nationality nor denied the right to change his nationality.
Article XVI
Any limitation (i) the right to marry and found a family adult men and women, irrespective of race, nationality or religion. Their marriage, during marriage and at the dissolution of marriage, should have equal rights.
Only with the free and full consent of both men and women to enter into marriage.
The family is the natural and fundamental group unit of society and is entitled to protection by society and the State.
Article XVII
Everyone has the right to own property alone as well as together with others and some ownership.
2. No one shall be arbitrarily deprived.
Article XVIII
Everyone has the right of thought, conscience and religion; this right includes freedom to change his religion or belief, alone or in community, in public or private teaching, practice, worship and observance his religion or belief, and freedom .
Article XIX
Everyone has the right to freedom of opinion and expression; this right includes freedom to hold opinions without interference, and through any media and regardless of frontiers and to seek, receive and impart information and ideas.
Article XX
Everyone has the right to freedom of peaceful assembly and association.
(Ii) Any person may be compelled to belong to an association.
Article XXI
Everyone has the right, directly or through freely chosen representatives in the government of his country.
Everyone has an equal opportunity to participate in the rights of their public service.
The will of the people shall be the basis of the authority of government; this will shall in periodic and genuine elections performance, the election shall be by universal and equal suffrage and by secret vote or by equivalent free voting procedures.
Article 22
Everyone, as a member of society, has the right to social security and is entitled to realize his personal dignity and the free development of personality rights necessary for economic, social and cultural aspects of such implementation through national effort and international cooperation and in accordance with national organizations and resources.
Article 23
Everyone has the right to work, to free choice of employment, to just and favorable conditions of work and to enjoy the guarantee against unemployment.
Everyone has the right to equal pay, without any discrimination.
Everyone who works has the right to just and favorable remuneration ensuring for himself and his family an existence worthy of human dignity, and supplemented, if necessary, other means of social protection.
Everyone has the protection of his interests and to join trade unions.
Article 24
Everyone has the right to rest and leisure, including reasonable limitation of working hours and periodic holidays with pay rights.
Article 25
Everyone has the right to maintain himself and his family's health and well-being of living, including food, clothing, housing and medical care and necessary social services; in the event of unemployment, sickness, disability, widowhood, old age or in when the loss of earning capacity can not be controlled under other circumstances, entitled to protection.
Motherhood and childhood are entitled to special care and assistance. All children, whether born in or out of wedlock, shall enjoy the same social protection.
Article 26
Everyone has the right to education. Education shall be free, at least in the elementary and fundamental stages. Elementary education shall be compulsory. Technical and professional education shall be made generally available. Higher education shall be equally accessible to all on the basis of merit.
Education shall be directed to the full development of the human personality and to the strengthening of respect for human rights and fundamental freedoms. It shall promote understanding, tolerance and friendship among all nations, racial or religious groups, and shall further the activities of the United Nations in maintaining peace.
(Iii) the kind of education their children to their parents that shall be, have the right to the first choice.
Article 27
Everyone has the right freely to participate in the cultural life of the community, to enjoy the arts and to share in scientific advancement and its benefits.
(2) Everyone interests resulting from any scientific, literary or artistic production of which he is the author of the moral and material produced has the right to be protected.
Article 28
Everyone is entitled to a social and international order, in this order, the rights and freedoms set forth in this Declaration can be fully realized.
Article 29
(1) Everyone has duties to the community in which alone his personality is possible the free and full development.
Social Everyone in the exercise of his rights and freedoms, limited only by the law as determined by determining the sole purpose of such restrictions is to ensure that the rights and freedoms of others and to give due recognition and respect, and in a democracy Just need to adapt to morality, public order and the general welfare.
(Iii) the exercise of these rights and freedoms, in no case be exercised contrary to the purposes and principles of the United Nations.
Article 30
Nothing in this Declaration may be interpreted as implying for any State, group or person any right to carry out any activities or acts aimed at the destruction of any of the rights contained in this Declaration and freedoms.
