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POPSFinancial Crisis Part II: U.S. Automakers Next "Some 18% of sales volume" from bad credit buyers. Watch the banks and credit companies like Capital One here flee the industry to strengthen their own positions. High gas prices have hurt car sales no doubt.
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POPSOil & Gas Prices Plunge; Supply Unchanged High gas prices were driven by speculators in oil futures, low valuation of dollar, and war fears--NOT BECAUSE OF LIMITED SUPPLY. Making this point again since GOP propagandists were blaming high gas prices on lack of drilling and our "enemies at OPEC". Baloney! This should bring an end to that pack of lies. 1. This is investor driven, (read the analyst in the clip above). 2. The dollar is now regaining strength , which is used in international oil trade. (But the record $10.2 trillion national debt is made of fake printed money, which is inflationary, and still a huge problem). 3. War fears, which drive speculation also, have subsided as the prospect and drumbeat of war with Iran has diminished (for now). Until Israel foments war again. These are the three principle causes of high gas prices, now being reversed. Let the "drill" propagandists for supply as the cause now shut their mouths.
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POPSEconomic New World Order Emerges from Crisis Taxpayers lose as governments nationalize and intervene in banks to prevent collapse. This seems all too convenient an arrangement. They have always wanted a economic new world order and now, they say, is the time to do it. This financial crisis and the reaction of governments will go down as a major historical event that changed the world. Meanwhile, while the financial sectors are in throws, gas prices for consumers are dropping and there is still credit and loans to be obtained at good interest rates despite all their propaganda to scare up support for these interventions by governments.
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POPSBlack Monday: Global Financial Crisis in Pictures Look: The Bailout did not stop this! The only things looking good are gold (soaring), government bonds (safer investments), the dollar (which has rebounded) and oil prices (which are now below 90 buck a barrel; hopefully $3 per gallon gas is coming soon; but we want 1.50 per gallon like when Bush and the war-spending neocons seized power, massively increasing government spending and national debt). World stock markets have plunged after government bank bail-outs in the US and Europe failed to stem fears of slower global economic growth. On Wall Street, the Dow Jones fell 370 points, ending below 10,000 for the first time since 2004. UK and French indexes also suffered big falls. For a definition of futures index in these charts go here.
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POPSPalin Pledges Allegiance to AIPAC--Stamped "Approved"
From "Alaska First", and by-passing "America First", Palin goes straight to "Israel First". By consequence and definition then she can no longer be considered a "reformer". Like McCain, Obama, Pelosi, Hillary, and every other former 2008 candidate, the ultimate test of worthiness is not the American people but to the overbearing Lobby of a foreign government that sets the course of foreign policy in alliance with the neoconservatives--ensuring a continuance of the phony "war on terrorism"--to "make the world safe for Democracy" through wars for "regime change". How quickly Washington transforms everyone, even from the remotest states, by coercing conformity to global democratic agenda and blind allegiance to Israel through the muscle of The Lobby. This trumps all other considerations, is the hallmark of foreign policy (and why wars never cease), which also in turn has consequences on the economy (high gas prices, national debt, value of money) and domestic policy as well.
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POPSFed Chairman: Economy Bad, Worst "in Memory" It is not just gas prices. Bernanke talks about how inflation has not yet had its full effect , comparing it to a storm that has not yet fully hit the mainland: "Although we have seen some improved functioning in some markets, the financial storm that reached gale force'' around this time last year "has not yet subsided, and its effects on the broader economy are becoming apparent in the form of softening economic activity and rising unemployment,' Bush and McCain do not acknowledge this, and Obama's policies would never fix it. The role that both Bush and Congress have played in RUINING the economy through government overspending (on unjust wars), devaluing the dollar (which is a key factor in inflation), and causing a rise in oil prices, are not discussed. The Fed is not innocent and causes inflation too by printing more money for government overspending from thin air! The Fed Chairman is using this to try to obtain new powers for th
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POPSBush and Condi Rice Cause Increase in Oil Prices Policies and actions recently, reigniting the Cold War, have directly caused an increase in oil prices, just like the Iraq and Afghan wars, war-mongering with Iran in the past. THIS is the primary cause of high gas prices--i.e. U.S. foreign policy.
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POPSOil Supply Increases, Oil Price Increases Proof again supply is not the problem driving prices on oil and gas. Note this happens as the oil laden Caspian region (Russia, Georgia, etc.) comes into play with war and rumors of war--and particularly as Condi Rice (former exec at Chevron) goes around heightening US rhetoric against Russia and signing provocatory missile agreements with its satellite states. It is not actual supply so much as perceived supply which is effected by wars and "geopolitical" tensions and factors . Change the (neoconservative) war policy, prices will drop.
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POPSUS Oil Companies Shamelessly Increase Exports Their exports to other countries are surging while they complain about drilling access. How about some honesty now from republicans (instead of circling the wagons as if Big Oil are pure saints), let's hear them criticize this policy of the oil companies while they complain of insufficient supply (e.g. "its OPECs fault")! Would be glad to hear any attempts at defending this export policy, which can only contribute to an increase in the price of gas here. Forgive us for complaining now about excessive profits when they are the ones limiting our domestic gas supply! (I have no objection to increase drilling either, but weary of the mantra that is blind to the truth).
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POPSDollar Rises, Oil Prices Fall Again, oil drop had nothing to do with supply. Demand has fallen and the dollar per this article (vs. Euro) has gained. A weak dollar has been a critical component of high gas prices. In fact, oil has dropped even though a hurricane threatened the gulf lately too. Oil has fallen, yet we have not seen a corresponding and equitable fall in gas prices (should be around 3.29 at this oil price).
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POPSUS Military and Gov't Resisting Iran Conflict "Red light": The military brass are resisting, even with Admiral Fallon out. The consequences would be huge, including on gas prices, military drain, and upheaval in the entire middle east if Iran was attacked by Israel with US support. Even Secretary of Defense Gates said : "There is a lot of signalling going on. But I think everybody recognises what the consequences of any kind of a conflict would be," Gates said. Problem: hard to contain Israel and the neoconservative administration, namely Cheney who is a rogue operative with Israel. ( Sources said that Cheney was behind the B-52 nuke displacement scandal, by-passing normal chain of command).
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POPSOPEC Warns of Oil Prices if Iran is Attacked Prices on gas would likely more than double--again! The talk alone has been bad enough on oil prices. Iran will not attack anyone unless they are attacked first as their history proves. Americans will be economically destroyed if war with Iran is ignited since OPEC says it cannot make up Iran's production. Please, someone put a chain leash on the Israeli pit bull and lock up the present administration as well. The war talk over Iran has already sent gas prices up 20 cents this week.
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POPSAhmadinejad on War and Oil Prices The truth is that Ahmadinejad is right on several accounts here, and mainly that war-mongering propaganda is driving up oil prices and devaluing the dollar. He knows that US and Israel are trying to provoke war through propaganda and drills (and covert ops), and is laughing at the game being played while preparing to defend just in case. What he says further on gas and oil prices is interesting: Ahmadinejad said the high oil prices are the result of a weak dollar and a deliberate decision by the United States and some European countries to profit from high fuel taxes. In some European countries, 70 percent of the fuel cost goes to governments as tax, he said. "So it is very clear and obvious that the market does not have a role in raising prices. There are some others that are determining the oil price for the benefit of the few, very rich people of the world,"
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POPSBush War Policy, Oil Prices Chart Must see this oil price chart and pass it on! This article documents and graphically demonstrates the obvious that no one is saying, i.e the wars and war-mongering of Bush government are the main cause of high gas prices.
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POPSIsrael and Oil Prices--"Geopolitical" Factors Ignored Israel threatens Iran, oil sets new record high. See the pattern? It happens every time they threaten, or the US does. All these articles show on google search and are dated June 2008, now oil prices are up to $140 per barrel. Yet no one is talking about war-mongering as a factor in high oil prices, even though Iran is the 4th largest exporter in the world. As some would say...Duh! It is not a supply issue. Repeating for the upteenth time, high gas prices are due to: 1. speculative trading 2. dollar devaluation 3. geopolitical issues (war, rumors of war, US war policy, Israel) 4. government debt, increased money supply, war spending. These all tie together and started oil's price surge when the Iraq war began, and not before. War policy drives oil up on the trade floor.
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POPSSolution? $2 Gas in 30 Days if Congress Acts Tell them to do it! Legally limiting financial speculation (oil future's trading) by government regulation would send oil prices down to levels based upon physical supply and demand they claim. One only wonders if this would overcome the devalued dollar which also drives prices up. But they should do it immediately! The argument of these financial analysts says that the propaganda about needing increased supply is wrong and that OPEC and Ahmadinejad's analysis is correct that supply is not the problem.
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POPSOil Prices Still Higher--No End in Sight "Oil prices have risen nearly sevenfold since 2002"--i.e. since the unjust neocon wars began. Gas will likely be 4.50 per gallon by July 4th, $5.00 by Labor Day. Note the thing they try and belittle, while attempting to blame China for rising demand, the devaluation of the dollar: the weaker dollar also prompting speculative buying
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POPSObama Plays to AIPAC on Iran Obama speaks to his real constituents--The Lobby. Gas prices will continue to rise on this speech, as his words demonstrate NO CHANGE in "entangling alliances" with Israel, bowing to the Lobby, and continuing the neocon agenda. Oil futures will continue to climb on war fears as this middle east policy based upon nothing but propaganda about Iran continues. He may say "diplomacy" but they can make him go to war, and will, through stealth provocations or false-flag events.
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POPSSmart Car--Just in Time A car without a mortgage price, easy on gas and wallet. Timing is everything. Smart car company if you ask me. What a deal, 99 bucks reserves yours, and customize it.
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POPSWeak Dollar, High Oil Make Double Trouble--Dollar Limits Supply This article tries to spin the truth away from "conventional wisdom" (i.e. sober, rational, historical wisdom) to escape "geopolitical tensions" (i.e. war-mongering) and the weak dollar as a cause of problems, while admitting them as evidence of double trouble. But notice the observation by the energy economist that a "weak dollar limits supply by reducing drilling activities" --not a lack of oil exploration, but low incentive to drill! Follow this logic--it means that if oil prices would drop, there would be less incentive to drill. Thus high oil prices will be sustained until the weak dollar is fixed!
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POPSBush Defends Saudi Friends on Oil Output In this article he paints their decline to increase oil output as an increase, and increase which was prior to his visit. This was a politically motivated visit and photo-op for a forgone conclusion. Bush's own experience with his own Arbusto oil company--with a bin Laden for a partner--means that he understood in advance that his visit would make no difference. Calling on increasing refinery capacity when the oil companies have deliberately reduced theirs to increase efficiency and profits, as well as pretending that an increase in domestic production would bring down price, is hypocritical and inaccurate. Presently refineries profits are declining. The decline of the dollar and war-fears on the trading market has led to the increase in price per barrel.
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POPSOil Refineries Profits Declining, Refinery Capacity Sufficient The oil companies have reduced the number of refineries of their own free will, and this article proves that there is no shortage of refinery capacity, since U.S. consumption is now falling. It is not a supply and demand problem. Oil prices are inflated due to weak dollar and war fears, period, end of argument. Bush had to make a show of seeing the Saudi King, a pretense of asking for them to supply more. Bush's relations with the Saudis is strong and Bush knows the oil business since he has Arbusto Oil company (with one of the bin Laden brothers). He knew the answer before he went but it was necessary to blame OPEC and prove that Bush himself was not at fault. But he is responsible for the war, and war debts, which have brought you the high oil prices on the trading market, and to your local pump.
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POPS$4 per Gallon Gas Pinching Low Income Families Worst This is forcing major shifts in spending and life changes as the cost of everything goes up respective to fuel costs, not just at the pump. This is pinching Americans, especially at lower income levels, while the well off remain careless and distracted. In turn this will increase government welfare spending, and force some out of their cars completely. All this to due dollar devaluation, due to heavy debt spending by government, printing money, to finance unjust and needless war-mongering abroad against countries that pose no threat to the U.S.. The poor suffer the most, as usual, who have the least to do with war policy, merely attempting to survive.
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POPSIran Not Alone in Proxy Wars, U.S. Doing Same Republican Pat Buchanan uncovers the truth of why Iran MAY be (so he believes, naively methinks) arming militants in Iraq--if you believe the propaganda from Crocker and Patreus. The fact is that the U.S. is arming militants (i.e. terrorists) against Iran , and Buchanan thinks they are just responding in kind. So just who is fighting "proxy wars", especially when the U.S. is fighting all of this for ISRAEL? If there were more republicans like Buchanan and Ron Paul we would not be in wars presently, nor the dollar worthless, gas prices high, and the economy sinking (due to debt spending on war).
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POPSWeak Dollar and Traders Behind Gas Prices, Not Supply and Demand This refutes a lot of talk about OPEC and such causing high oil and gas prices. It also explains higher prices on consumer goods, not just driven by fuel prices alone. The dollar is becoming as valued as the paper its printed on, which (this articles does not go into) is because of national indebtedness for heavy war spending, as Ron Paul pointed out during his campaigning. Traders and speculators in the investment community are increasingly buying oil futures for their portfolios and war fears (i.e. war on terrorism, middle east war-mongering) increase price on the trade floor, period.
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POPSU.S. Ship Shoots at Iranian, Oil Price Leaps The real reason behind gas at 3.69/gallon vs. 1.25/gallon when Bush entered office. It's not supply and demand, nor OPEC squeezing us. It's neocon war-mongering in the Middle East which makes the future's traders bid up the price of oil based upon "war fears" alone! Instead we hear nonsense on talk radio that "OPEC is mostly our enemies in the Middle East" (Saudis are best friends with Bush's and D.C., and U.A.E. is as well), that our limiting supply. Not true, not true at all. Iraq is producing below historical levels, not because of OPEC, but because the U.S. invaded it.
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POPSOil Consumption by Country and Gas Prices source: CIA. This refutes the talk radio propaganda that China's demand is the cause of increased gas prices. China, despite its population, consumes 1/3 of what the U.S. does. Bear in mind also the "European Union" is not a country, so if it is deleted, its makes clear just who dominates global oil consumption, with no one else even close. Here the impartial observer can see that the U.S. consumes over 25 percent of total global demand!
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POPSGas, Oil Prices Record New Highs, Demand Finally Responds When will everyone demand change? It is now so high that demand finally fell from consumers, people are altering their consumption. Make no mistake, the problem is easily corrected. (No, it's not due to demand in China). Draw back U.S. military forces from the middle east, which war fears are directly responsible for driving the psychologically driven futures market, and oil and gas prices will immediately drop. WAR is the cause, as historically it always has been , for the high price of oil. Americans are paying in effect a WAR TAX through increased gas prices, which is inflating all consumer goods prices.
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POPS$4 per Gallon Gas Coming by Spring Oil prices have quadrupled in 6 years it states, that is since the "war on terrorism" started with the Bush regime. The comparison is made to the last middle east conflict in 1980. Do Americans really want to pay this price, for arbitrary and unjust wars?
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POPSBush in Arabia--Blames Economy on Arab Oil The economy is sinking in part due to oil prices (which inflates gas and all consumer good prices), but not Saudi or OPEC, and Bush knows it. The market price of oil is driven by war fears in the market (war mongering increases price of crude), not OPEC production. Then he says the Saudi ought to warm up to Israel...you know, that friendly rogue nation with WMD.
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POPSOil Prices Jump on "Geopolitical Issues"--War! Oil "prices have risen 55 percent this year"! You are paying a war tax at the pumps. Gas prices were 1.50 per gallon in 2003 pre-Iraq invasion, and even 2.09 last year at same time, compared to 3.09 today.
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POPSGas Prices: Funny, Not So Funny Amazing how everyone has already forgotten the sticker shock when it surpassed $2 per gallon. In January 2006 we had prices almost that low, about $2.19 per gallon. Now we are paying almost one dollar more at 3.09. The crude price rose due to war fears about Iran as well as a devalued dollar. Americans are paying a War Tax at the pumps , in addition to Fed and State tax of about 45 cents/gallon (the gov't makes more than oil companies on this high tax). These prices make even Jimmy Carter look good. The transportation costs of consumer goods has gone up (e.g. eggs $2). This is pinching Americans discretionary income, which will slow the economy, and debts are high, loans going bad in housing.
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POPSEconomic Crisis Looming: Bank woes, Stocks Drop, Consumers Pinched as Prices Up Yet only one presidential candidate has been predicting this, and has criticized the Fed (and Congress for not managing the Fed) for printing more money, devaluing the dollar, which leads to price inflation, increased retail fuel prices, and the war-mongering against Iran increases crude oil prices to record highs. Consumers with higher oil and grocery prices (due to fuel and shipping costs) are left with less discretionary income, which WILL effect retails sales. These articles reflect that and report consumer confidence is down. Technically, by the numbers, there is no recession (2 qtrs of negative growth) but the military-industrial complex is keeping growth alive. Hint: This could be a sign of war with Iran...war (government spending in the defense contractors) drives economic growth (e.g. 1940s). (Then the FBI issues a statement and ABC says terrorists threaten to hurt economy, attack malls. Will that be the excuse for a drop in retail sales this winter?)
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