Tweet
News Bulletn: June 2015
There were street riots today as the price of gasoline at U.S. pumps reached $ 18.00 per gallon with a maximum 10 gallon purchase on alternate days.
Oil flowing out of the ANWAR (Arctic National Wildlife Refuge) since 2010 has actually caused a rise in the price of gasoline due to the unexpectedly high costs of production. Likewise, oil shale recovered from the vast Canadian and Colorado deposits still cannot be refined economically into gasoline for less than $ 25 per gallon at the pump. Chevron is selling premium grade oil shale gasoline at inflated prices due to the shortages and restrictions on regular gasoline. Those willing to pay $ 24 per gallon for the privilege of buying a full tank are lining up at Chevron stations 20 deep.
The loss of Iraqi oil prduction to Chinese long term contracts at $ 350 per barrel means that the U.S. investment in the 10-year long Iraqi war was money thrown down the drain. Likewise, Iranian and Venezuelan oil under exclusive contract to India renders the U.S. attacks on Iran in 2009 during the McCain presidency another waste of global influence and money.
A positive side effect has been the massive export of cheap U.S. made vehicles to Mexico and other third-world countries. New 2011 pickup trucks can be had for as little as $ 3000 in Mexico City, reversing the trend toward older American cars being found South of the border. The trucks are built in Detroit, Michigan by low wage imported Chinese labor, brought in to replace departing Mexican labor in 2010.
President Angelina Jolie released figures at a news conference today pointing to further increases in gasoline costs. The Department of Homeland Security is stepping up arrests of persons who do not purchase hybrid vehicles at vehicle replacement time, or who attempt to keep older gasoline vehicles running past their mandastory retirement age of ten years.
There were street riots today as the price of gasoline at U.S. pumps reached $ 18.00 per gallon with a maximum 10 gallon purchase on alternate days.
Oil flowing out of the ANWAR (Arctic National Wildlife Refuge) since 2010 has actually caused a rise in the price of gasoline due to the unexpectedly high costs of production. Likewise, oil shale recovered from the vast Canadian and Colorado deposits still cannot be refined economically into gasoline for less than $ 25 per gallon at the pump. Chevron is selling premium grade oil shale gasoline at inflated prices due to the shortages and restrictions on regular gasoline. Those willing to pay $ 24 per gallon for the privilege of buying a full tank are lining up at Chevron stations 20 deep.
The loss of Iraqi oil prduction to Chinese long term contracts at $ 350 per barrel means that the U.S. investment in the 10-year long Iraqi war was money thrown down the drain. Likewise, Iranian and Venezuelan oil under exclusive contract to India renders the U.S. attacks on Iran in 2009 during the McCain presidency another waste of global influence and money.
A positive side effect has been the massive export of cheap U.S. made vehicles to Mexico and other third-world countries. New 2011 pickup trucks can be had for as little as $ 3000 in Mexico City, reversing the trend toward older American cars being found South of the border. The trucks are built in Detroit, Michigan by low wage imported Chinese labor, brought in to replace departing Mexican labor in 2010.
President Angelina Jolie released figures at a news conference today pointing to further increases in gasoline costs. The Department of Homeland Security is stepping up arrests of persons who do not purchase hybrid vehicles at vehicle replacement time, or who attempt to keep older gasoline vehicles running past their mandastory retirement age of ten years.
You wrote that, Uncle Jay?
, the iron mongerers from Villedieu-Les-Poils
Comment