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Monday, May 07, 2007

Gasoline Price nonsense.

I am a Peakster. Basically what that means is I think we've used up half the oil in the world. We are at the peak of oil production on earth right about now... nothing to worry about right? Oh so wrong - understanding Peak Oil has helped me to understand pretty much everything Bushco has done for the last 6 years. The volatility in gas prices are no longer the anomaly - they are the norm. Many experts agree ( and many much smarter people than me have been sounding the alarm on peak oil) this volatility coincides with the "peak" in world wide oil production. And I agree with them, because the predictions "peaksters" make have thus far proven correct.

However, I also believe that oil companies are vacuuming up all the money they can from us - and so far we just keep buying gas - I read things like this from MSNBC: One of the largest refineries, a BP PLC plant in Indiana that processes more than 400,000 barrels of oil per day, will not be operating at full capacity for several months due to unexpected repairs. This refinery repair excuse for ballooning prices every Summer has jumped the shark. Enough already. I do not know exactly why gas prices shot up in the last 3 weeks - oil is still churning between 60 and 65 dollars a barrel. Certainly the continual avoidance of "peak oil" issues in our national media is metaphorically leaving us in the dark - and will soon literally leave many of us in the dark. The fact that we seem to be at world wide oil production peak right now is contributing to high prices. Greed factors in, too. But some media outlet with resources needs to investigate this "unexpected refinery repairs" talking point. I no longer buy it. Not saying it is a lie. I am saying it has become a very convenient excuse for every price bump. I would like to know what these "repairs" entail and why they have been so frequent in the last 6 years.

One last note: I also do not want to hear anymore about 1972 or 1981 dollars versus 2007 dollars. The oil price apologists are always quick to note that in "real" dollars (FYI: there is no such thing.) gas is still cheaper than it was in...whenever....
Unless and until "real" wages are taken into account this 1981 dollar B.S.T.P. (bullshit talking point) is - in real life - a lie. If wages have stagnated for a decade, and they have, gas prices are HIGHER than ever in the REAL world. Period.

 

 
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