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Former Oil Exec Predicts $5-a-Gallon Gas by 2012, Energy Shortages by Decade's End
Fox News ^ | 12/27/10

Posted on 12/28/2010 7:29:16 AM PST by Libloather

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To: Libloather

I bet moonshine stills will take off in popularity.

That and compressed natural gas conversions (CNG).

Or more primitively steam fueld by coal, wood pellets or other products like extruded cardboard mash and of course ethanol from home stills using natural grasses and garbage.

Diesels will be fine as long as a person can get access to waste cooking or filtered engine waste oils.


21 posted on 12/28/2010 8:53:45 AM PST by Eye of Unk (If your enemy is quick to anger, seek to irritate him. Sun Tzu, The Art of War.)
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To: mountainlion

GOT SILVER? If not, you’re a bit late to the party.

As this is written, silver is hovering around 29 FRAUDS (Federal Reserve Accounting Unit Denominators erroneously called “dollars”) per ounce. (Actually, that’s the reverse of how the ratio SHOULD be expressed: A FRAUD is currently equivalent to 1/29th of and ounce of silver. Although they tried to prevent the issue of paper fiat legal tender “money,” that’s a ratio the Founding Fathers would certainly understand.)

Gasoline is – depending where you live — now going for around 3 FRAUDs per gallon. Let’s do the math and see how much it costs in REAL MONEY (silver).

Pre-1965 silver US coins are 90% silver content. Dealers in these things will normally exchange them for about 75% of the silver spot price at the time. Doing the math (29 FRAUDS x .75 = 21.75. To simplify our example, let’s round it to 22 FRAUDS for every dollar of face value (and it won’t be long before silver blows right through that figure anyway and essentially track along with commodities like gasoline).

On that basis, one pre ‘65 DIME would have a value of 2.20 FRAUDs (.10 x 22= 2.20FRAUDs) .

Let’s see how much that gallon would cost in silver. 3.00 FRAUDS divided by 22 = 13.6 CENTS IN SILVER. Ergo, to buy one gallon of gas today would cost you around 14 CENTS in silver coins. You would probably tender 2 thin silver dimes ($.20 or the equivalent of 4.40 FRAUDs and get back some change in FRAUDs.

But, at the rate the FRAUDs are losing value, DON’T TAKE THE CHANGE!
You’re much better off purchasing up to the full value of those 2 dimes (4.40 FRAUDs) and get 1.5 gallons of gasoline and not be stuck with even more increasingly worthless FRAUDs.

At least you can burn the gas in your car.

And how about gold at 1400 FRAUDs per ounce (again, the reverse of how it should be expressed)? When we had honest money back in the day, a guy could buy a couple of really good suits for a $20 gold piece. YOU STILL CAN.

It’s called “INFLATION” and the fellow for whom “Keynesian Economics” is named had this to say about it.

“By a continuing process of inflation, governments can
confiscate, secretly and unobserved, an important part of the
wealth of their citizens. There is no subtler, no surer means of
overturning the existing basis of society than to debauch the
currency. The process engages all the hidden forces of economic
law on the side of destruction, and does it in a manner which not
one man in a million is able to diagnose.”
John Maynard Keynes,
The Economic Consequences of The Peace, 1920

You now know more about money and economics than 80% (or more) of the hacks we’ve been sending to DC for decades and probably 98% of your fellow citizens. Of course, that 98% explains the 80% in office.

If you want to know more, let me know. And search Weimar Republic to see what’s ahead for us.


22 posted on 12/28/2010 8:54:49 AM PST by Dick Bachert
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To: servantboy777
Why our leaders would allow America to take second or third place in the world just befuddles me.

Because many of out past leaders and the current communists black Muslim Rat King Obama is destroying everything in America he can. This fool will find out if he succeeds in doing just that he will be the first to be thrown under the bus by the same communists rats he employed. He is an expendable idiot and we most of us know it. Jackasses never win in the long run.

23 posted on 12/28/2010 8:59:50 AM PST by Logical me
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To: TexasRepublic
If you believe the White House and Congress are infested with Communists, it makes sense (if you understand the nature of Communism).

You got that right sir. Most Americans haven't a clue.

24 posted on 12/28/2010 9:03:35 AM PST by Logical me
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To: AlphaOneAlpha

Biden will talk about the gas stations they “saved” from closing.


25 posted on 12/28/2010 9:06:47 AM PST by Terry Mross
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To: Libloather

at $4.50 a gallon our domestic political environment will start to make the Tea Party look like a Sunday Church Picnic by comparison. Not to mention India and China will have to drop out of buying expensive gas long before we do.


26 posted on 12/28/2010 9:13:12 AM PST by Buckeye McFrog
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To: servantboy777
Why our leaders would allow America to take second or third place in the world just befuddles me.

It is simple. Our leaders are Marxists and they hate America and are determined to bring her down. Everything they do points in that direction but most consider that too absurd to believe.

27 posted on 12/28/2010 9:16:41 AM PST by Mind-numbed Robot (Not all that needs to be done needs to be done by the government.)
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To: Jacquerie

When the Obamamaos achieve their Alinsky goals, when the civil society dissolves, will the people clamor for a return to freedom or for a strongman to “do something?”
_________________________

I think most everyone will be chanting, “Drill Here, Drill Now!”


28 posted on 12/28/2010 9:23:31 AM PST by Twotone (Marte Et Clypeo)
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To: BfloGuy
Very successful businessmen are notoriously bad economists.

Perhaps if you would go read what he is saying you might change your opinion of him. Easy to take pot shots but it takes a little more effort to google and learn.

29 posted on 12/28/2010 9:47:32 AM PST by SeeSac
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To: MeneMeneTekelUpharsin
Hello Investigative Journalism?????

OK. You are on. Go google the guy and see where he speaks from. You might learn something, even change your opinion of him.

30 posted on 12/28/2010 9:49:37 AM PST by SeeSac
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To: Dick Bachert

A wonderful post. FRAUD is an acronym that should pushed until it is recognized everywhere.


31 posted on 12/28/2010 10:36:11 AM PST by TexasRepublic (Socialism is the gospel of envy and the religion of thieves)
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To: TexasRepublic

Thank you for the kind words.

We lived in the Fort Worth area for nearly 4 years in the early 70’s, owned our first home there and both sons born in Texas. Took one of the best vacations EVER on South Padre when you could drive north on the beach at low tide and not see another soul. I’ve checked out recent satellite images of that area and didn’t recognize it.

We both LOVED Texas and if you guys decide to pull away from fedzilla, we’d like to come back — if you’d have us. Hell, we could make a stand at the Alamo. Actually San Jacinto would be good: Better outcome.

Happy New Year. Be safe.


32 posted on 12/28/2010 11:03:34 AM PST by Dick Bachert
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To: SeeSac

So, Oil futures can’t be traded on the open market? What am i missing?


33 posted on 12/28/2010 11:15:38 AM PST by MeSpikeLibs (Wake me when the Obama nightmare is over.)
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To: servantboy777

Sadly — but true to form — Obozo prohibits us from accessing our Gulf based energy resources while Castro is letting China punch holes in Cuba’s offshore areas. Wanna bet the Chinese will be drilling steeply slanted holes in a northern direction?

If you’ve been getting my “stuff” for any length of time, you’ve heard me remark that the most dangerous phrase in any language is “Why, THAT could NEVER happen HERE!” Looks like that sentiment is growing among some folks a lot smarter than I am.

If you haven’t yet figured out that it HAS HAPPENED HERE, you’ve simply not been paying attention. Obama and his commie cohorts thank you for that.

As you’ll read below, the link is missing because it was never there in the first instance and Obama has not evolved. He was, is and always has been a revolutionary socialist/communist — Fabian perhaps, but one nonetheless — who hates this country and is bent on doing as much damage to it as he can.
DB

December 28, 2010
The Missing Link in the Evolution of Barack Obama By Selwyn Duke

One of the problems with the idea of “American exceptionalism” is that it exacerbates a kind of complacency common to man. This is the phenomenon whereby people often view themselves as exceptions — saying, after some tragedy, for instance, something such as “I never thought it could happen to me.”

On a national level — and this especially plagues great nations — this manifests itself in the notion that “it” could never happen here. Oh, the “it” could be descent into tyranny, domination by a foreign power, or dissolution. Or maybe it could be the election of a leader who is a Manchurian candidate, a traitor within, someone bent on destroying the nation that gave him everything. That...”it”...couldn’t happen here. In fact, the idea is so preposterous to many Americans that if such a threat loomed, they would never see it coming. And they would call a person who warned of it a nut.

So I want to present you with a hypothetical. Let’s say a leader were elected who had, during his childhood, been mentored by an avowed Nazi. Let us further say that his guardians had chosen this mentor for him, indicating that they were likely sympathetic to the man’s beliefs. Now, let us say that upon reaching college, this future leader gravitated toward Nazi professors. Moreover, we then find out that a man who knew the leader as an undergraduate and was, at the time, a Nazi himself, said that the leader was “in 100-percent total agreement” with his Nazi professors and was a flat-out Nazi who believed in old-style Brownshirt tactics.

Okay, we’re almost done. After graduating, the leader-to-be spends twenty years sitting in a white-power church, has an alliance with a self-proclaimed Nazi and ex-terrorist, and, apparently, becomes a member of a National Socialist party for a while. And then, upon being elected, he appoints an avowed Nazi to his administration and also a woman who cites Adolf Hitler as one of her two favorite philosophers. Now here’s the million-depreciated-dollar question:
What would be nuttier: to claim that this man was a Nazi or to claim that such an assertion is out-of-bounds?

Furthermore, if people appeared unconcerned about the leader’s radical past, what would be the most likely explanation?
A. They’re sympathetic to Nazism.
B. They’re ignorant of his personal history.
C. They’re rationalizing away a frightening reality.
D. Some combination of the above.

Let’s now transition to the actual. Here is a fact: If you took the above description of my hypothetical leader and replaced “Nazi” with “communist,” “flat-out Nazi” with “flat-out Marxist-Leninist,” “Brownshirt tactics” with “communist revolution,” “white-power” with “black-power,” “National Socialist” with “socialist,” and “Adolf Hitler” “with Mao Tse-tung,” you would have an accurate description of a leader in power today.

His name is Barack Obama.

We’ll start from the top. Obama’s childhood mentor was chosen by his guardians, his grandparents, and was avowed communist Frank Marshall Davis. Obama did in fact gravitate toward communist professors in college; moreover, we now know about ex-communist John Drew, a contemporary of Obama’s at Occidental College who verifies that Obama was “in 100-percent total agreement” with his communist professors and was a flat-out “Marxist-Leninist” who believed in old-style communist revolution.

We also know that upon graduating, Obama spent twenty years in a black-power church, Trinity United of Reverend Jeremiah Wright fame, and had an alliance with self-proclaimed communist and ex-terrorist Bill Ayers. It also appears — and I have yet to see anyone address and disprove this association — that Obama was a member of the socialist New Party in Chicago in the 1990s. Then, upon being elected, Obama appointed avowed communist Van Jones to his administration and also Anita Dunn, who cited mass-murderer Mao Tse-tung as one of her two favorite philosophers. There’s more, too, but greater detail is hardly necessary.

It also shouldn’t be necessary to ask the question, but I will:
What is nuttier: to claim that this man is a communist or to claim that such an assertion is out-of-bounds?

What is the obvious conclusion?

Now, some may say that a person can change markedly over a thirty-year period. This is true. Yet not only do we have the recent evidence of Obama’s radical communist appointments, but there’s something else as well. It hit me just the other night.

Just as we would demand that our leaders completely reject Nazi ideas, all good Americans should agree that complete rejection of communist ideas is a moral imperative. Losing a little youthful zeal or adding a dose of pragmatism just isn’t enough. A pragmatic communist, in fact, could be more dangerous than an old-guard type.

Yet a transition from flat-out “Marxist-Leninist” to someone who rejects the red menace is a pretty big change, don’t you think? In fact, wouldn’t such a personal evolution — some might say revolution — be a kind of conversion? I think so.

Now, many people do experience conversions. I think here of erstwhile radical-leftist David Horowitz; ex-liberals Michael Savage and Robin of Berkeley; and President George W. Bush, who accepted Christ as an adult. And then there’s me: I was never a liberal, but I did transition from being a scoffer at religion and an agnostic to a devout Catholic.

There’s an interesting thing, however, about conversions. You hear about them.

You see, a conversion is a sea change, a rebirth, a turning point in your existence. You may become, as Christians say, a new creation, and you’re at least a reformed old one. And you reflect your new state of being and often want to voice it. And those around you will know about it.

As for this writer, everyone who knows me would say that my religious conversion was a seminal point in my life. Horowitz has spoken of his rejection of the “loony left,” Bush’s conversion is well known, Savage has talked about his on the radio, and Robin of Berkeley can’t stop talking about hers. A conversion becomes part of your life narrative.
Now consider something. Barack Obama is one of the most famous, most discussed individuals on the planet.

But we have not heard about any soul-changing conversion in his life.

Not a whisper.

Nothing.

Nothing that could reconcile the flat-out Marxist-Leninist Obama was in his college days with the man he supposedly is today. There’s no one who says, “Yeah, he was a radical guy in his youth, and I just couldn’t believe how he became disenchanted with his old ideas.” There are no stories about a great epiphany, an overseas trip that opened his eyes, or a personal tragedy that inspired growth. There’s nothing to explain how a radical Marxist became a reasonable politician. And if there is such an explanation, it’s the most elusive of missing links.

So could “it” happen here? And is it really nutty to ask if, just maybe, it already has?

Printed from: http://www.americanthinker.com/2010/12/the_missing_link_in_the_evolut.html


34 posted on 12/28/2010 11:16:01 AM PST by Dick Bachert
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To: MeSpikeLibs
So, Oil futures can’t be traded on the open market? What am i missing?

I never said that oil futures couldn't be traded on the open market. I seem to miss the point of your post.

35 posted on 12/28/2010 11:39:02 AM PST by SeeSac
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To: Libloather

This commentary should be on the desks of every Pub as of Jan. 5. They must on a weekly basis bring up bills demanding the use of our huge domestic energy resources like oil, shale, coal, gas, and the safe building of nuclear plants:NOW. No more excuses and force the socialist Dems to say NO to energy independence. Even the brainless Blue state voters will be able to discern the need for oil and not green energy now. And remind people, our military will never run on green energy. Never.


36 posted on 12/28/2010 12:22:03 PM PST by phillyfanatic
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To: Libloather

The situation is far bigger than simply high gasoline prices for your automobile. The higher gasoline prices are driven by higher oil prices which mean that heating oil, jet fuel and diesel fuel will also go way up.

Its obvious what higher heating oil means to most folks but not as obvious what higher jet fuel and diesel fuel prices mean. Let me simplify it by stating that costs for mining, airline travel, train travel, shipping by truck, bus travel, all types of cargo shipment, farming, food processing, groceries and the unemployment rate are all directly proportional to the price of crude oil. Another cost that is directly proportional to oil prices is construction costs...as in the cost to build new homes, new businesses and new windfarms/solar installations.

In other words we will be in a very serious double-dip recession if oil prices are high enopugh to lead to $5 per gallon gasoline. If thats what it takes to get rid of the ‘Bamster then its Ok by me, but I feel sorry for a whole lot of Americans who will be negatively impacted by it.


37 posted on 12/28/2010 4:23:08 PM PST by NRG1973
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bump


38 posted on 12/28/2010 8:06:13 PM PST by foreverfree
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