Mike Coffman’s ENDA Convictions Wither Post-Election

Rep. Mike Coffman (R).

Rep. Mike Coffman (R).

A letter from several Republican members of Congress today urges House Speaker John Boehner to immediately allow a vote on the federal Employment Non-Discrimination Act, which would bar discrimination in hiring decisions based on sexual orientation:

As the 113th Congress draws to a close, we respectfully encourage you to support inclusion of the Employment Non Discrimination Act (ENDA), a commonsense piece of legislation to end discrimination on the basis of sexual orientation or gender identity, as part of any available legislative vehicle including the National Defense Authorization Act.

Here in the United States we value the quality of an individual’s work over who they are. We already protect individuals from discrimination based onrace, color, religion, sex, or national origin. ENDA is necessary for fellow Americans who do not enjoy these same protections. In 29 states, an estimated four million workers can be legally fired because of their sexual orientation. Standing up for the individual liberty of workers is the right thing to do. No one should be denied a job denied a promotion or fired because of whom they are…

As Justin Snow of Washington, D.C. LGBT news publication Metro Weekly reports, this letter was signed by six of the eight Republican co-sponsors of ENDA in the House of Representatives:

The letter was signed by six of ENDA’s eight Republican cosponsors in the House. Reps. Ileana Ros-Lehtinen (Fl.), Richard Hanna (N.Y.), Charlie Dent (Penn.), Frank LoBiondo (N.J.), Chris Gibson (N.Y.) and Jon Runyan (N.J.) attached their names to the letter…

For more than a year, ENDA, which would prohibit most employers from discrimination on the basis of sexual orientation and gender identity, has been blocked by leadership of the Republican-controlled House of Representatives. Boehner himself has voiced his opposition to the bill, which he has said is unnecessary. In November of last year, the Senate approved ENDA 64-32 with the support of ten Republicans — the most Senate Republicans to ever vote for a piece of gay rights legislation, let alone one that protects transgender Americans.

…Despite long odds, several LGBT-rights organizations, particularly those focused on winning support among Republican lawmakers, are continuing lobbying efforts on ENDA until the 114th Congress is sworn in next month.

It's simple arithmetic that ENDA would be much easier to pass in the present lame-duck session of Congress than after January, when Republicans will take control of the U.S. Senate and expand their House majority by several seats. That's why these Republican ENDA cosponsors are pushing as hard as they can to get the provision attached to anything they can–including the National Defense Authorization Act (NDAA) Congress is working hard to pass before adjournment for the holidays.

But as Snow reports, only six of the eight GOP sponsors of ENDA signed the letter. Who didn't sign, you ask?

Reps. Michael Grimm (N.Y.) and Mike Coffman (Colo.) did not sign the letter.

Now, Rep. Michael Grimm of Staten Island is facing a criminal investigation over campaign finance violations and tax fraud despite winning re-election last month. So you could reasonably see how Grimm might be indisposed to make waves within the GOP caucus. But what about Rep. Mike Coffman of Colorado? Coffman's decision to cosponsor ENDA last April was a major surprise after his longtime stand against any protection for LGBT Americans. Prior to that, Coffman had campaigned strongly against marriage equality in Colorado, voted against the repeal of "Don't Ask, Don't Tell," and even served as state chairman for notoriously anti-gay Gov. Rick Perry's presidential campaign. Coffman's change of heart of ENDA was, as Politico reported at the time, easily attributable to political motives:

The Colorado Republican has reversed positions on immigration and abortion in recent months as he tries to fend off an challenge from Democrat Andrew Romanoff in Colorado’s competitive sixth district.

And…that election is now over. We don't yet know what reason Coffman may have given to refuse to sign this letter calling for an ENDA fast-track, but the effect is the same whatever his excuse: legislation that Coffman claims to support, and earned him significant political credit for supporting, will become much harder to pass when the next Congress convenes in January.

And that appears to be just fine with Mike Coffman.

Hickenlooper Apologizes for Sand Creek

(Promoted by Colorado Pols)

hicksandcreek
Image via Facebook

Posted today on Gov. Hickenlooper's Facebook page – and, I imagine, on other websites as well…

Today, as runners complete the 16th annual, 180-mile Sand Creek Spiritual Healing run, marking the 150th anniversary and commemoration of the Sand Creek Massacre, I offer something that has been too long in coming.

On behalf of the state of Colorado, I want to apologize.

To the runners, to the Tribal Leaders and to all of the Indigenous people and the proud and painful legacy you represent…

On behalf of the good, peaceful and loving people in Colorado, I am sorry for the atrocity that our government and its agents visited upon your ancestors. I want to assure you that we will not run from this history, and that we will always work for peace and healing.

This is, as the governor notes, a long time in coming – too long. Thank you, Governor.

East High Students Walk Out In Ferguson Protest

UPDATE #2: Four Denver Police officers were injured by a motorist suffering "medical issues" while they were escorting students from downtown Denver back to East High SchoolDenver Post:

The officers and the driver were transported to Denver Health. One officer in critical condition was taken into surgery, Police Chief Robert White said. Another officer had serious injuries. The two other officers were treated for "minor injuries," White said.

White added it is "not our best day."

Four mangled bicycles were seen on the north side of Colfax Avenue between High Street and Williams Street. A nurse on the scene was covered in blood, and a wide area was cordoned off by police.

—–

UPDATE: FOX 31:

The Denver Post reported about 1,000 students took part in the march.

As they marched, students chanted “Hands up, don’t shoot” and “Justice for Michael,” according to several accounts on Twitter.

After reaching Civic Center Park, the crowd moved toward downtown along the 16th Street Mall.  They mostly spread out and dispersed after that.

Around 11:30 a.m., the students regathered at Colfax and Broadway, where they held a 4 1/2-minute moment of silence, marking every hour Brown was in the street. The group then began a march back to the high school.

—–

Just getting word of this, apparently a huge crowd of students from Denver's East High School have walked out of class this morning, shutting down Colfax Avenue near the Colorado state capitol in protest over the shooting of African-American teen Michael Brown in Ferguson, Missouri:

We'll update with coverage once available–looks like a pretty big event.

Another Fake “Concerned Citizen” Celebrates Fracking

Longtime oil industry employee Michelle Smith.

Longtime oil industry employee Michelle Smith.

A press release from energy industry advocacy group Coloradans for Responsible Energy Development yesterday discusses a pro-fracking ad (above) that's been playing for a couple of weeks in Colorado:

Coloradans for Responsible Energy Development (CRED) has released a new television commercial featuring Michelle Smith, an organic based farmer from Elbert, Colorado, who relies on income from oil and natural gas development to help sustain her family farming operations. In the advertisement, Smith shares with viewers: 

“Mineral rights make all the difference to our small organic based farm.  Like many Colorado farm-to-table businesses, if we can’t offset operating costs with our minerals, then we’re out of business. Organic operations are expensive. People like us rely on those payments for their family’s healthcare or their kids’ education. An attack on fracking is essentially an attack on landowners like us. Those who would ban fracking ignore our rights, and that just gets my goat.”

…Beyond her message in the commercial, Smith has shared that “as a rancher in Elbert County, Colorado, my family’s livelihood relies on the quality of the pasture that our livestock grazes on. That’s why every decision I make, I make with my ranch’s future in mind,” she says.

Lynn Bartels of the Denver Post gave this ad favorable treatment in a blog post last month:

A new ad promoting fracking in Colorado features an Elbert County couple who raises goats and farms organically.

The idea of pairing organic farmers and fracking comes from Coloradans for Responsible Energy Development.

But there's more to the story of Michelle J. Smith, registered Republican of Elbert County, than either CRED or Bartels saw fit to explain:

The Quiat Companies is an innovative investment company, which is comprised of approximately fifty real estate and oil & gas holdings throughout the United States…with over 33 years of professional experience in the oil and gas business, Ms. Smith has been with The Quiat Companies since 1992 focusing on acquisitions, divestitures, and coordinating successful drilling joint ventures. [Pols emphasis] As Land Manager, she is instrumental in managing the nationwide assets of our fifteen oil and gas limited liability companies.

Ms. Smith’s professional experience includes Davis Oil Company (Denver, Colorado) and Anderman Oil Company (also in Denver) as well as acting as an Independent Land Negotiator. She is the president of the National Association of Royalty Owners (NARO) Rockies chapter, a member of the American Association of Petroleum Landman (AAPL), Denver Association of Petroleum Landmen (DAPL), board member of Vital for Colorado and a graduate of Cypress College (California).

Just a salt-of-the-earth Colorado farmer–an organic farmer at that–trying to hold down the farm, right? Wrong. Much like the Republican political activists trotted out by Americans for Prosperity to tell their dubious "Obamacare horror stories," "organic farmer" Michelle Smith is about as unbiased a source on fracking as an oil and gas industry lobbyist–which makes sense, since she basically is one.

Your friends seeing this ad on TV probably ought to know that.

Gumming Abortion To Death, Part II: Joke’s On You, Ladies

Abortion-Rights

One of the central issues of the 2014 elections in Colorado was the battle over abortion policy–both at the federal and state levels, where GOP U.S. Senate candidate Cory Gardner outlasted months of withering attacks on the issue, and voters again rejected a "Personhood" abortion ban ballot measure. Colorado has a long history of support for women's reproductive rights, and the lopsided margins by which Personhood has been defeated here in recent years have made the issue toxic for Republican politicians who used to proudly campaign on their support for banning abortion.

In 2014, however, Republicans successfully blunted the issue of abortion in Colorado–more than that, they managed to turn the debate back on Democrats, successfully countering that liberal "social issue warriors" were wrongly obsessing about a non-issue. Conservative go-to foil on women's issues Laura Carno wrote an op-ed suggesting that the entire question of abortion rights in this year's elections was overblown–declaring flat-out, despite the many avowedly pro-life GOP candidates on the ballot, that Colorado womens' "right to an abortion is not in jeopardy." In the Denver Post's endorsement of Cory Gardner, they claim with no supporting evidence whatsoever that "Gardner's election would pose no threat to abortion rights." Next month, one of the GOP-controlled U.S. Senate's top priorities is a 20-week abortion ban.

In 2006, Republican gubernatorial candidate Bob Beauprez promised to sign an abortion ban in Colorado that would make no exceptions even for cases of rape or incest, and was happy to explain in detail exactly why he thought that was the right thing to do. This year, Beauprez's message on abortion was a complete about-face: "I respect people's opinion, women's right to that choice."

Because Beauprez was defeated, and Democrats retained at least partial control of the state legislature, the question of what Republicans in full control would do on abortion isn't going to be tested here. But what's going on elsewhere, in the wake of the GOP's huge gains in state legislatures across America? As Politico's Paige Cunningham reports, all that stuff you heard before the election about abortion rights not being in jeopardy–it's simply not true.

The big Republican gains in the November elections strengthened and enlarged the anti-abortion forces in the House and the Senate. But it’s the GOP victories in the statehouses and governor’s mansions that are priming the ground for another round of legal restrictions on abortion…

Abortion rights advocates have had setbacks in the states for several years, with a surge of legislative activity since 2011. [Pols emphasis] Women seeking abortions may face mandatory waiting periods or ultrasound requirements. Clinics may face stricter building codes or hospital admitting privilege rules they can’t satisfy. Dozens of clinics have shut down in multiple states. Texas, for instance, has fewer than 10 abortion clinics now. A year ago, it had 40.

Republicans now hold two-thirds of the state legislative bodies, after winning control of 11 more chambers. They completely control the legislature in more than half the states, adding Nevada, New Hampshire and West Virginia to that list earlier this month. And they gained two more governor’s seats, so they will hold 31 next year.

Steady Democratic control of Colorado in recent years means we haven't seen the same kinds of proposed restrictions on abortion that have passed in many other states, and the ones that have been introduced have been defeated with enough fanfare to render them political liabilities for Republicans. Despite this, 2014 marked the greatest challenge to Democratic control by Republicans since Democrats took the legislature in 2004–and before the ballots were fully counted, Republicans had a few glorious moments when control of the Colorado House, Senate, and Governor's Mansion were all at least hypothetically in reach.

Today, even with Republicans only in narrow control of the Colorado Senate after last month's elections, a program credited with reducing teen pregnancy by 40% is already in jeopardy. Without more power, there's not much that Republicans in Colorado can do legislatively to further restrict abortion and contraception access–but now that the election is over, it's time to recognize that the downplaying of abortion by the GOP and accommodating local media was enormously deceptive. The truth is, restrictions on reproductive choice are passing across the nation–and if Republicans had taken control of this state as they did so many others in the last two midterm elections, restrictions on abortion rights could well become law in Colorado too.

In that event, a lot of local pundits and media types would owe you an apology.

Dr. Chaps’ alleged friendship with Rand Paul raises questions

(Promoted by Colorado Pols)

Sen. Rand Paul (R-KY), state Rep.-elect Gordon Klingenschmitt (R).

Sen. Rand Paul (R-KY), state Rep.-elect Gordon Klingenschmitt (R).

Maybe you think Gordon "Dr. Chaps" Klingenschmitt, who will be joining the Colorado General Assembly in January, is easy to ignore because he's so far out there, given his comments about performing lesbian exorcismsObama is a demon, etc.

But if you believe Klingenschmitt, he's got at least one friend in a high place. That would be GOP presidential hopeful Rand Paul.

In an April broadcast of his regular "Pray In Jesus' Name News," Klingenschmitt tells us (9 min 25 seconds into it) that he's friendly with the Kentucky Senator.

"Help pass Senate Bill 583, The Life Begins at Conception Act," Klingenschmitt urges his three listeners, not counting me. "This personhood bill, introduced by my friend, Senator Rand Paul, can actually defend life and overturn Roe versus Wade."

Nothing wrong with Dr. Chaps and Rand Paul being friendly. But you wonder, has Paul objected to Klingenschmitt's craziness?

And it raises the question of whether Klingenschmitt's soon-to-be legislative colleagues will speak up during the legislative session when, inevitably, Klingenschmitt grabs the media spotlight by opening his mouth.

Tuesday Open Thread

"Any general statement is like a check drawn on a bank. Its value depends on what is there to meet it."

–Ezra Pound

Navy’s Discharge of “Dr. Chaps” Upheld

Gordon Klingenschmitt.

Gordon Klingenschmitt.

Our friends at Right Wing Watch have the latest update today in the continuing story of Colorado's nuttiest Republican Representative-elect, Gordon "Dr. Chaps" Klingenschmitt of Colorado House District 15. As followers of a story that has made the trip from fringe sideshow to poster child for the incoming Republican Class of 2014 know, Klingenschmitt is a former Navy chaplain who was discharged after (among many other things) wearing his service uniform to a political media event in contravention of specific orders. Klingenschmitt's discharge from the Navy became part of his campaign message, claiming it was the result of his "praying in Jesus' name" at a demonstration across from the White House in 2005.

Except it wasn't.

Gordon Klingenschmitt, the right-wing televangelist who recently won a seat in the Colorado General Assembly, built a career out of making wildly inaccurate claims about anti-Christian persecution in the U.S. Therefore, it should come as no surprise that Klingenschmitt’s entire career as a conservative activist is also based on a persecution story that is completely made-up.

Klingenschmitt, who goes by “Dr. Chaps,” has based his political activism on his own personal story of persecution, claiming that the military censored and fired him because he said the name of Jesus in his prayers as a chaplain. He filed a lawsuit to protect his First Amendment rights and has used his story to win persecution points from the Religious Right and raise lots of money for his group, the Pray In Jesus Name Project.

But as Rob Boston of Americans United for Separation of Church and State reports, Klingenschmitt lost his lawsuit last week…because the incident never happened.

As we’ve known for several years, Klingenschmitt was not dismissed for using the name of Jesus in a prayer, but for wearing military garb at a political event, in violation of military regulations, among other reasons that had nothing to do with the fact he delivered Christian prayers.

The ruling is worth a read all by itself, including an unflattering description of a Klingenschmitt fire-and-brimstone memorial service while serving aboard the USS Anzio, horrible reviews from fellow sailors–"worst CHAP I have seen in 17 years" reads one–and the details of Klingenschmitt's defiance of orders prohibiting him from speaking to the media in his military uniform. The court concludes:

[T]he Court finds unpersuasive Dr. Klingenschmitt’s argument that his First Amendment right to practice his religious beliefs was infringed by Captain Pyle’s Order that he not wear his uniform to the media event held in Lafayette Park in March 2006. Captain Pyle’s Order was based on Navy regulations that prohibit the wearing of a uniform in connection with political activities…

In short, the record fails to support a showing of any causal connection between any protected activity and Dr. Klingenschmitt’s separation. For that reason, and because his other challenges to the lawfulness of the recertification process are without merit, the Court concludes that the Navy’s decision not to recertify Dr. Klingenschmitt, which resulted in his administrative separation from the Navy, was neither arbitrary, capricious, nor contrary to law.

Klingenschmitt's troubles, based on our experience in the past years or so, would seem to have more to do with his own extreme combative ramblings than anything else. This is a man who claims that both Barack Obama and defeated Texas gubernatorial candidate Wendy Davis are "demons," and that only people who are "going to heaven" deserve equal rights from government. Klingenschmitt claims that "Obamacare causes cancer," and before apologizing suggested that Rep. Jared Polis wanted to "join ISIS in beheading Christians."

We always assumed stuff like that was coming out of "Dr. Chaps'" mouth in his Navy days, too.

The upside? Klingenschmitt's story should pair well with another Republican from Colorado Springs, Rep. Janak Joshi, who lost his license to practice medicine before being elected to the legislature in 2010.

Take pride, El Paso County! "Dr. Chaps" looks forward to representing you next.

For If It Prosper, None Dare Call It a “War on Women”

waronwomen

AP via the Denver Post, a familiar 2015 Colorado legislative battleground already taking shape:

Democrats who credit a drop in teen pregnancy to expanding access to long-acting birth control such as intrauterine devices have to persuade Republicans to use state money for contraceptives…

The Colorado Family Planning Initiative has provided low-income women access to birth control like IUDs and hormone implants for free or low cost at 68 clinics in the state. But state officials say $5 million is needed to continue the program.

The problem, of course, is that Democrats no longer have full control of the Colorado General Assembly. And that means the decision of whether to continue a program credited with reducing the rate of teen pregnancy in Colorado by 40%, in addition to reducing the number of abortions, is at least partly in the hands of Assistant Senate Majority Leader-elect Kevin Lundberg.

"We are talking about the most critical issue of protecting life or abortion," said Sen. Kevin Lundberg, a Republican from Berthoud who will chair the Health and Human Services Committee. Lundberg said he doesn't oppose the use of condoms or pills. But he said IUDs are "abortifacients," meaning they cause abortions.

"That is not medically correct," countered Dr. Larry Wolk, the state's chief medical officer and the director of the Colorado Department of Public Health and Environment… [Pols emphasis]

The thing is, we already know it's not medically correct, we just dealt with the incorrect assertion that interuterine devices (IUDs) are "abortifacients" when failed GOP gubernatorial candidate Bob Beauprez said as much during a debate against Gov. John Hickenlooper this year. Beauprez was drilled by reproductive health experts for claiming IUDs are "aborifacient" after Hickenlooper cited this same program a successful policy. Other Republican candidates, like U.S. Senate candidate Cory Gardner desperately trying to convince undecided voters that the whole idea of banning birth control is "crazy," watched in horror as Beauprez at least morally validated the idea of doing just that.

Perhaps the biggest triumph of the 2014 elections in Colorado for Republicans was successfully "gumming to death" the issue of reproductive choice, which had cost them dearly in previous years as Colorado's electorate rejected abortion bans over and over. Led by Cory Gardner's deliberate campaign to "muddy up" the issue enough to blunt Democratic attacks, the GOP's insistence that the "war on women" is fake eventually suckered enough pundits, reporters, and editorial boards to sway conventional wisdom–at least through November 4th.

But as we'll all learn again next month, the "war on women" simply takes a break during election years.

More on why we know immigrants aren’t spreading disease

(Promoted by Colorado Pols)

Sen. Vicki Marble (R).

Sen. Vicki Marble (R).

Last week I reported that Tea-Party radio hosts Ken Clark (KLZ 560-AM) and Peter Boyles (KNUS 710-AM), along with Colorado's GOP State Senate Caucus Chair Vicki Marble, believe undocumented immigrants, as Marble put it, "bring the diseases. They bring whatever from across the border — things we haven’t seen in decades and thought we eradicated. Our whole country is at risk.”

There's no credible evidence for this, like there wasn't for attacks on immigrants throughout American history, but how do we know this?

"You have to assume that if [undocumented immigrants] get sick they are going to get medical care or die," said Dr. Michelle Barron in the infectious disease department of the University of Colorado School of Medicine.. "There is a long list of diseases that hospitals must report to the health department. Tuberculosis. Measles. Let’s say you came to the emergency room after traveling in Russia, and you have measles. That’s considered 24-hour-reportable. You would then be contacted by the health department and asked questions about vaccinations and where you’ve been. They would identify how big of a scope this would be."

"Public health departments actually report these things," Barron continued. "There's public reporting. The information wouldn’t be hidden in the background because of a political agenda. It’s part of the reporting that has to happen. If there is a trend, that would be investigated."

And, she added, if a serious disease outbreak or threat existed, it would be "all over the news," not left to the investigators on talk radio only.

But what happens if we can’t find the immigrants, I asked.

"The public health department has lots of experience hunting people down," she said. "They will go to your door. There are always the few people who won’t talk or answer the door, but they have their networks of people who will talk, even in homeless communities. Homeless people don’t want to get disease either. They will talk. The public health department is more savvy than people realize."

How to convince skeptics like Clark and Marble?

"Really and truly, you have to trust that the health care workers are doing the right thing," said Barron. "If you have already decided what you feel about this, no matter what evidence you are presented with, you are not going to believe it."

For more information, including a transcript of the Marble interview, click here.

 

Clock Still Ticking on the Greater Sage-Grouse

(Promoted by Colorado Pols)

Among the news-you-didn’t-hear leading into the holiday weekend, which got buried by other things—some worthy of attention and reflection, others the typical media noise—was a recent poll on the Greater Sage-Grouse.  It shows sportsmen in Colorado (and across the other 10 western state where the bird occurs) favor protecting its habitat. 

This is noteworthy as the federal government just announced it is listing the bird’s smaller relative the Gunnison Sage-Grouse as “Threatened” under the Endangered Species Act (ESA).  This story was posted online by the Public News Service – Colorado:

Earlier this month the U.S. Fish and Wildlife Service announced it is classifying the Gunnison sage grouse as threatened. Under a court-ordered agreement, the agency will decide by next year whether to list the greater sage grouse.

Meanwhile the online news service ‘Environmental Protection’ reports:

The National Wildlife Federation on Nov. 19 released results from a poll of sportsmen and women in 11 states in the heart of greater sage-grouse country, with a majority of the respondents supporting efforts to protect the bird and the sagebrush landscape that supports it. A majority backed restrictions in important habitat to save the bird and avoid its placement on the federal Endangered Species List. Such a listing probably would lead to more stringent, long-term constraints on activities as hunting, fishing, recreation, and grazing, said John Gale, NWF's national sportsmen's campaign manager.

"First and foremost, it's critical that we save this iconic Western wildlife species," he said. "We can do that with strong conservation plans that protect key greater sage-grouse habitat while allowing responsible energy development, grazing, and other activities on other public lands."

He pointed to the U.S. Fish and Wildlife Service announcement last week that it is classifying the Gunnison sage-grouse as threatened to keep it from going extinct. The Gunnison sage grouse is smaller than the greater sage-grouse and now is found in portions of Colorado and southeastern Utah, which represent only 7 percent of its historic range, according to NWF.

The Durango Herald reported on the Colorado angle

According to survey results, nine out of 10 hunters believe it is important to take action to protect sage-grouse habitat. Almost as many believe protecting the animal will benefit other game species.

(more…)

Oh Frack! OPEC Calls Shale Bluff, Sends Oil Prices Into Free Fall

(Promoted by Colorado Pols)

It seems that faced with declining profits of their own, as the frenzy to drill in American shale plays sent stockpiles skyrocketing and prices crashing, that the Organization of Petroleum Exporting Countries (OPEC) decided to call the shale drillers’ bluff.  Reuters is reporting:

Saudi Arabia's oil minister told fellow OPEC members they must combat the U.S. shale oil boom, arguing against cutting crude output in order to depress prices and undermine the profitability of North American producers.

For at least a couple of years a few observers have pointed to how over-leveraged most shale-heavy oil and gas drillers are, that shale oil–no matter how abundant hydraulic fracturing makes it appear–is an expensive prospect that cannot sustain itself.  Over-leveraged with a need to drill more and more and more at an ever higher ‘break-even’ cost, some astute observers have noted that shale bears all the hallmarks of a classic ‘bubble.’

“In 2016, when OPEC completes this objective of cleaning up the American marginal market, the oil price will start growing again,” said Fedun, who’s made a fortune of more than $4 billion in the oil business, according to data compiled by Bloomberg. “The shale boom is on a par with the dot-com boom. The strong players will remain, the weak ones will vanish.” 

As with bubbles in the recent past, shale contrarians have been met in the manner of all naysayers during halcyon days of hype and hucksters.  But many have nonetheless steadily insisted that shale is not the panacea and ‘revolution’ its barkers want those seemingly born daily to believe.  And now, it appears likely, that the other shoe is about to drop: the shale bubble is about to POP

Investors have wiped more than $50 billion off the value of Europe’s biggest oil companies after OPEC members rejected calls to cut their oil output. 

Go ahead, seems the message sent by OPEC, make our day: See how long you can “Drill, Baby, Drill” with a mountain of high-interest debt and oil prices collapsing. And as with bubbles in the past—like booms in the western energy fields—any observer of history should already know how it ends. 

The only question: will this be the time we learn better?