H17594
Headlines : CorporationsWhat's Really Driving The High Price Of Oil?
Nader’s reformist and technologically oriented and dependent recommendations may be a far cry from “business as usual” for the global corporate elite, but they fall far short of challenging the fundamental and underlying un-sustainability of any form of industrial civilization at the current level, let alone the core issue of our estrangement and alienation from our environment, and our enslavement of all that is non-human (as well as much of what is). No amount of alternative energy technology is going to allow us to maintain the standard of living we have become accustomed to (and accustomed to believing we are somehow entitled to), brought about as it was by cheap and abundant—often free (stolen)—oil, as well as the theft of an entire continent—indeed, and entire world—and countless generations and lives stolen through conquest, genocide, and slavery.
Nevertheless, Nader poses the most effective short-term solutions of any politician, let alone any presidential candidate.
Also see: What To Do About The Price Of Oil
[Posted By ShiftShapers]Republished from CounterCurrents
What factors are causing the zooming price of crude oil, gasoline and heating products? What is going to be done about it?
Don’t rely on the White House—with Bush and Cheney marinated in oil—or the Congress—which has hearings that grill oil executives who know that nothing is going to happen on Capitol Hill either.
Last week the price of crude oil reached about $130 a barrel after spiking to $140 briefly. The immediate cause? Guesses by oil man T. Boone Pickens and Goldman Sachs that the price could go to $150 and $200 a barrel respectivly in the near future. They were referring to what can be called the hoopla pricing party on the New York Mercantile Exchange. (NYMEX)
Meanwhile, consumers, workers and small businesses are suffering with the price of gasoline at $4 a gallon and diesel at $4.50 a gallon. Suffering but not protesting, except for a few demonstrations by independent truckers.
A consumer and small business revolt could be politically powerful. But what would they revolt to achieve? Their government is paralyzed and is unable to indicate any action if oil goes up to $200 or $400 a barrel. Washington, D.C. is leaving people defenseless and drawing no marker for when…
Posted by ShiftShapers
Warning: Anyone who takes this blog seriously will be shot. Anyone who does not take it seriously will be buried alive by a Mitsubishi bulldozer. Welcome to (A)utonomous Resistance, GNN’s exclusive one-stop infoshop for radical resources and information....
It seems oil companies are preparing for a paradigm shift from oil economy to energy economy. Filling up their pockets along the way. Excessive profits should be taxed into energy transition funds.
With all the money we send to Saudi Arabia for oil I wonder how the U.S. stays off it’s own State sponsor of terrorism list?
Recursive … a bit too sophisticated. Binary state representations within binary switches … dichotomies.
“The hoopla pricing party on the New York Mercantile Exchange”. (NYMEX)
That pretty much nails it on the head. What’s really convenient is that they, dominantly a group loyal to Israel (btw), can always shift blame to “The Arabs”. In turn, our red necks who believe any thing they hear on Fox can return to going around and killing Turban wearing Indian Sihk Cab Drivers which will give them bragging rights that they killed another “Arab.” You see where this is going? Americans, in general, don’t even know the difference between Punjabi, Arabic and Farsi. The hillbilly mentality just labels them all as “Sand Niggers”. I got in a fight over that one by the way.
The main point is that these people in NYMEX know that they have, not only, no resistance but help from some of the very people they are screwing (a violent sector, at that).as long as we are crackheads, there will always be crack dealers.
when i see people downsizing their homes, their autos, their commutes and their material consumption, then i will see a positive future. until then, keep passing the pipe and don’t just blame the guy who’s supplying.
Excessive profits should be taxed into energy transition funds. well said
except I might rearrange it to say:Profits should be excessively taxed into energy transition/adaptation funds
The way I heard it was the CIA started importing crack after research in Chile and Argentina proved its potential for addiction. The CIA started handing it out for snitch payments and when the agents wanted cheap whores, because heroin, their mainstay for decades, was getting more complicated with the “MidEast Crisis”. Following the model “Build it and they will come.” the Mafia, (Oops, the CIA) flooded the streets of amerika with an inexpensive alternative to reality, developing along the way, nests of addicted citizens ready to turn in any brown-skinned person or their own mothers in fact for the chance to defend their purloined country against crackheads and terrorists.
Anyway, this is all documented in Gary Webb’s outstanding book “ Dark Alliance”.
And furthermore, people are downsizing their homes by moving into their cars so the commute to the sidewalk to make tin-can candle lamps for the tourist trade enables them to buy their crack more regularly.
And talk about positively futuristic, someone I read about is living in a split-level Toyota® and taking up glass blowing to enable her to make pipes, as long as the propane holds out…........
hey HMB,
i’ll hunt that book down.
it really is unfortunate when people discover they didn’t need the extra bedroom and the multi-car garage… by moving into their vehicles.
as someone who lives in a 3rd world country and sees how happily and modestly people can live, its no surprise to those outside amerika that it has come to this.
to all the people reading this from their living rooms [which may the front seat of their cars]: there is no shame in being poor. but there certainly is shame in being well off (middle class by amerikan standards), at the expense of others around the world.
Fully reclining recaro leather bucket seats/beds, 400watts of HD surround sound coupled with an incredible 3×17“DvDLcdTTF in-car/home theater, underdash food preparation center with microwave/mini convection oven, Dingleberry® satellite communication uplink center and 18” global-tracking dish, parked next to a Johnnie-on-the-Spot/solar shower stall. Every Nepalese teenager’s wet dream.
When you free your mind of the constraints imposed by the dogma and rhetoric of scientific thought, it allows your imagination to bubble-up to its full potential.
Drugs are NOT the answer, they are catalysts to the answers. Treat them as such and you’ll never become addicted. At that point it’s called over-prescribed self-administered medication.
Oil surges to biggest single-day advance – Oil prices recorded their biggest one-day advance to hit a record of more than $139 a barrel on Friday, as an unexpectedly bad US employment report upset the calculations of energy traders and triggered frenzied buying. The US reported the biggest rise in unemployment in 22 years – to 5.5 per cent in May.
j00s
“Treat them as such and you’ll never become addicted.”
Unless they’re addictive.
Interesting note: There is a daily ‘curb limit’ of $10 per bbl either up or down, per day, on the NYMEX
Todays surge tested that limit. The market is completely out of control.
HEMP for Victory!!!
How does one “artifically manipulate” numbers besides straight-up fraud?
One doesn’t get caught?
Global crude oil used to cost less than 1% of global GDP, up until 2002 (apart from spikes caused by war etc., that were clearly contrary to the trend). It’s now up to 6.46% of global GDP.
At $178 a barrel, or thereabouts, 10% of global GDP will be spent on crude oil. This is the line for global fuel poverty, and seriously bad shit will start to happen from then on.
I’m looking forward to the mayhem. If you have ever been rioting and looting, you will know it’s tremendous fun.
8 June 2008
Oil prices, which have soared five-fold since 2003, posted their highest ever one-day gain of $10.75 on Friday to close at a new record of $138.54 in New York after hawkish remarks by an Israeli official on oil producer Iran.
END OF QUOTE
Sounds like someone’s catching on.
It’s not that the “US Government” can’t do anything, it’s that they’re making too much money on the side — from the speculations in futures.
OPEN QUOTE
THE INCREASE IN DEMAND FROM INDEX SPECULATORS IS ALMOST EQUAL TO THE INCREASE IN DEMAND FROM CHINA.
Index Speculators have now stockpiled, via the futures market, the equivalent of 1.1 billion barrels of petroleum, effectively adding eight times as much oil to their own stockpile as the United States has added to the Strategic Petroleum Reserve over the last five years
Brimming oil tankers are presently sitting off the coasts of Iran and Louisiana. The Strategic Petroleum Reserve has been filled. Demand is flat. The world’s biggest consumer of energy (guess who?) is cutting back.
But here’s the big payoff :
The 11 G8 Nations responsible for 65% of the world’s carbon emissions are meeting, as we speak, to discuss Global Warming. And they’ve made progress on one front.
Ready for this?
They’ve agreed to reduce “politically sensitive” fuel subsidies in countries that can’t afford to eat because cheap labor is cheaper than slave labor.
LOL. Way ta go guys. Schmarta und schmarta.
It does in fact get funnier . . . fresh for your list of impossible things to believe before breakfast.
AFP Getty Images — 4 hours ago: Kudo Mei, employee of Japan’s toy maker Takaratomy, introduces the “i-Sobot” by Japan’s toy maker Takaratomy at the the G8 + three Asian countries energy ministers meeting in Aomori, northern Japan, on June 8, 2008. Japan’s Economy, Trade and Industry Minister AKira Amari unveiled the robot as a gift during a dinner a day earlier wowing the other participants.
The three Asian Countries are the two biggest cheap labor camps, plus South Korea, all of whom said they’d either wait to reduce fuel subsidies, or actually increase them.
What do we know about this Takaratomy company? Very clever muchachos. Very funny.
Oh yeh, look at this other gazeech :
It’s their helibot. That’s a backpack. Watch it fly and see if it doesn’t remind you of something else we’ve seen in the news recently . . .
No it’s true. It DOES get funnier. This I-SOBOT is quite sophisticated. It has a built in microphone and speakers and can respond to 10 (TEN) voice “commands”. It “knows” over 200 words and phrases, plus sound effects and even music. Advanced gyro-sensors let it to pull off hundreds of complex moves and poses.
Watch the demos here. Do NOT miss the voice command demos. I also highly recommend the left roundhouse kick (remote control mode)
All for the very low low price of only $199.95. A little under a buck a phrase, before taxes.
Qatar Rides the Oil “Boom”
I forgot to mention, the G8 braniacs also called for an increase in oil production. Even though demand is flat. What up with that? Who are they trying to bring to their knees? How? Why?
Oops, sorry. My bad. The G8 meetings this weekend are “Preparatory”. The Climate Change aren’t until July 7-8.
So, in preparation for their talks on Climate Change, the G8 are agreeing to urge oil producing nations to produce more oil.
Is that cleva? Or is that cleva?