Archive for the ‘oil’ Category

Barack Obama – Let Them Eat Cake

Thursday, April 7th, 2011

Speaking at a foreign-owned wind turbine plant in Pennsylvania yesterday, President Obama showed once again how sympathetic he is to the plight of Americans who are struggling with incredibly high gas prices:

“If you’re complaining about the price of gas and you’re only getting 8 miles a gallon, you know,” Obama said laughingly. “You might want to think about a trade-in.”

Hahaha, eat shit America!

After his comments, Obama jumped into his 2 mpg chauffeured limo, which took him to Air Force 1 where he was dropped off at a golf course so he could play his 250th round as President. After that, he was picked up by his limo, scooted off to Air Force 1 where he and Michelle flew to Chicago for a date night.

In other words, relax, Obama feels your pain.

Answering the question “are gas prices going to come down any time soon?” Obama had this to say:

“I’m just going to be honest with you. There’s not much we can do next week or two weeks from now…”

He certainly seems content considering he’s so ineffectual.

Obama says there’s not much he can do, but really all he has to do is consult with Hillary Clinton, after all, while running for the candidacy of the donks in 08 her husband Bill said she had the solution to skyrocketing gas prices:

When the world hears her commitment at her inauguration about ending American dependence on foreign fuel, Clinton says, oil-pumping countries will lower prices to stifle America’s incentive to develop alternative energy.

“I predict to you, the oil-producing countries will drop the price of oil,” Clinton said, speaking at the Manchester YWCA. “They will once again assume, once the cost pressure is off, Americans and our political process will recede.”

Poof – oil prices fall.

The magic negro obviously does not have the same power as the magic feminist. Perhaps if they can combine their magic Marxist powers gas prices will tumble.

Crude Oil’s Impact On US Consumers

Friday, February 25th, 2011

If you’re finding the graphic hard to read, here are a few of the lowlites: For every $1 rise in oil per barrel, gas prices rise by 3 cents. So, at $120 a barrel, gas (in the US) will be around the $4.16 mark. If oil prices stay where they are right now, the average family will dish out an additional $700.00 a year in gas alone (then filter in rising food and everything else prices).

In Ontario, gas prices work out to be about a buck higher (if we convert to gallons) than in the US. S0, if oil goes to $120 a barrel, expect to pay about $1.30 a litre.

Don’t worry though, Turbo Timmy Geithner and Obama tell us that the economy can handle higher prices. So you’re fine.

**With thanks to Zero Hedge for the graphic

WAR! Well, not quite…

Friday, December 18th, 2009

no_one_notices_the_ziggurats

Headline on the news feed, Friday:

Iraq minister denies Iranian oilfield incursion

Roughly an hour later:

Iranian forces take over Iraq oil well

It makes me wonder if a lot of these false starts by the news media are our fault for our insatiable appetite for wanting the breaking news development now now now.

There is not a chance of war between Iran and Iraq over this incident. Apparently Iranian forces have wandered into Iraqi territory and claimed a disputed oilfield as their own. Luckily, many of these experienced soldiers in the thick of things in Iraq have cooler heads, like Colonel Peter Newell:

“What happens is, periodically, about every three or four months, the oil ministry guys from Iraq will go … to fix something or do some maintenance. They’ll paint it in Iraqi colours and throw an Iraqi flag up.

“They’ll hang out there for a while, until they get tired, and as soon as they go away, the Iranians come down the hill and paint it Iranian colours and raise an Iranian flag. It happened about three months ago and it will probably happen again.”

It doesn’t look as if Tehran has any interest in a war with Iraq right now, especially since they now have their best friend in the world, the United States, backing them up and looking for any sort of excuse. There might be a prospect for Iran extending its grasp a bit, but a more democratic and economically advanced Iraq would be in a better position to toss them out, not to mention the legitimacy of a democratic state versus a theocracy would have more sympathy from the international players.

This might also be the reason that many of these fields are not developed yet. Why bother building a giant oil processing plant if the Iranians will just march in and take it? With reserves of 1.55 million barrels, it is rather small potatoes compared to larger oilfields once in dispute. Kuwait, say.

When even the Drudge Report has a red headline screaming about invasions, be careful. If diplomacy and peace settlements are to be meant for the long-term and substantial, we can’t allow ourselves to panic upon the Pop-Tart instant news that will blow things out of proportion. Iraq’s future will be decided on its own long-term strategy, which will not attract the attention of any reporters looking to get to the story first, no matter how inflated or erroneous.