The Israel Deception

Is the return of Israel in the 20th century truly a work of God, or is it a result of a cosmic chess move to deceive the elect by the adversary?

Showing posts with label gasoline. Show all posts
Showing posts with label gasoline. Show all posts

Tuesday, February 28, 2012

Americans to feel the real angst of inflation with rising alcohol prices

Oil and gasoline inflation?  Food inflation?  Try rising inflation for alcohol.

As in the Great Depression and Prohibition, the desire to consume alcohol transcends many ethical and physical needs in the lives of many Americans.  This is why the rising cost to buy beer, liquor, and wine may have a much larger consequence over time than rising prices in food, which the government is more than happy to subsidize.

But if there is one thing that is sure to kindle the revolutionary spirits it is the soaring price of booze. As it just so happens, ships are parked in the Boston harbor with crates of Grey Goose prepped for tossage overboard as we speak. As the following chart of alcoholic beverage inflation indicates, courtesy of John Lohman, January saw the biggest month over month spike in booze inflation in 20 years. In other words, about 90% of all traders alive today have never seen a bigger jump in liquor inflation in their lives. - Zerohedge



So drink up America!  Or better yet, go invest in that beer making device or personal still since the price of food commodities are at the moment cheaper than the finished products.

Friday, February 24, 2012

Oil prices: Expect gasoline prices to rise for a long time moving forward

There are several factors that are leading the way in higher oil prices, and for the American people, higher gasoline prices.  These factors are so powerful and so numerous that there is little expectation they will fall anytime soon.

1.  Growing concerns with Iran and the Middle East

With Israel, the US, Syria, Iran, and now Turkey all hedged for a showdown in the Middle East, one small event could trigger an instant stop in the flow of oil to both Europe and globally.  Iran is already cutting off oil shipments to Britain and France because of economic sanctions, and this has led to a rise in WTI where record highs are already taking place in respect to Euro prices.

2.  US exporting more oil than it imports.

You would think that the US government would consider its people first when it comes to the economy and to gasoline prices, but a new study proves this is not the case.  For the first time ever, US oil companies exported more oil than we imported, and validates concerns that the Obama administration is bought and paid for by the oil cartels.  All one has to do is go back to last year when the President loaned Brazil $2 billion to help their offshore drilling, while at the same time, cutting off our own drilling in the Gulf of Mexico.

3.  Devaluation of the dollar and price inflation.

Unlike 2008 when Congress declared the need to print money to stave off bank insolvency, the Federal Reserve is not publically announcing their bond buying and QE efforts.  However, the markets are now showing exactly what the Fed's actions are resulting in.  Food price inflation, coupled with the massive rise in gasoline prices is intimately tied to how central banks are devaluing the dollar.  Simply look at this.  In 2007, when oil reached a new high of $145 per barrel, gas prices were ranging between $4.50 and $5.00 nationwide.  Now, oil has only risen to $108 a barrel, and yet in some places in Florida and California, the price has crossed $6 a gallon.

4.  Keystone pipeline

President Obama has nixxed the building of a pipeline coming from Canada which would increase oil imports at lower prices into the US, and instead has chastised oil companies and speculators as being the problem for gas prices.  This of course is simply a scapegoating mechanism by the President in an election year, and the markets are rejecting his assertions by going higher... almost by the minute.  You can see this video by ABC where a reporter talking about gas prices has the prices change by .10 in less than 2 minutes while on the air.

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Like in 2007, America is coming to a crossroads in energy prices, inflation, and a coming crisis that today's gridlocked Congress, and denying President are ill prepared to address.  Leadership requires acknowledging the problem, understanding the problem, and offering solutions to the problem.  That is, unless like President Obama's prior actions, he and Congress are part of the problem.

Tuesday, February 21, 2012

California welcomes America to $5 gas prices

A customer of Gasbuddy.com today posted a gasoline price in the state of California that to date, appears to be the first location in the continential United States to have prices over $5 a gallon.


$5.04 - Regular Grade

Bo-Gas    6 Wharf Rd & Brighton Avenue in Bolinas, California

Billy3369 - 4 hours ago - California Gas Prices, Gas Buddy.com

With oil prices up another $1.43 today, and having crossed $105.00 per barrel over the weekend, chances are very good prices will rise nationwide towards the $5 mark as events escalate both in the Middle East, and in the central banks increasing money printing.

Monday, February 13, 2012

Gas prices soar on dollar devaluation even as consumption drops to 10-year lows

One of the biggest misnomers in finance and economics today is that prices work according to supply and demand.  This was true when America performed in actual capitalist system, but since we moved to both fascism and crony capitalism, where corporations, banks, and government all work together at the betterment of themselves and not society, prices are fixed due to other factors such as dollar devaluation.

U.S. drivers used 2.8 percent less motor gasoline last year and consumed the smallest amount since 1999, the U.S. Department of Energy said Wednesday. Officials credited the decrease to more fuel-efficient cars and an aging population taking few trips.
Meanwhile, U.S. domestic oil production increased by more than 2 percent last year to 5.6 million barrels per day. - Des Moines Register
So... if consumption is way down, and production is actually up, should not gasoline prices be falling?  They should, except if you take into consideration the amount of money printing and currency devaluation being done by the Federal Reserve over the past four years, the amount of  inflation is being created by our own banking system, and not by a lack of products, or by higher demand.

In the end, Americans are being deceived by Fed Chairman Ben Bernanke.

Bernanke said that for now, the Fed expects overall U.S. inflation to remain low, and that the Fed is being “extremely vigilant” to make sure it does not wait too long before tightening money policy. He dismissed GOP questions about inflation worldwide, saying it is occurring in emerging markets, not the United States. - The Hill