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Posts Tagged ‘gas prices’

A Warning I Have Received This Week From Two Different Former Government Officials (One top rank Military – One Intelligence Officer)

February 13, 2013 1 comment

thedailysheeple.com

I am going ahead and writing about some conversations I have had this week with two different individuals.

Both are former government officials.  One was a top ranking Military official and another was an Intelligence Officer.  I confirmed both were who they said they were after they had contacted me originally.   I have not written about them on this blog or our conversations, as we will discuss current events etc on the phone.  They have never given me any “top secret” type information (FYI – for any govt. officials reading this).   But they do give me what is real or not real when events happen.

Both had contacted me awhile back and I was very leery in the beginning.  I did not know if they were trying to get information about me etc.   But after a short amount of time I found they were both genuine and sincere of their contacting me.

This week both of them have contacted me and have been giving me “warnings.”

Two things from past conversations with them about current events:

First they have both told me “Sandy Hook was a false flag.”  It is to get into the mind set of people that their children are at risk it is the psychology of fear for the masses.   Also the intelligence person said that the Dorner thing, something was really not right about it and he believed the manifesto was written by a few different people due to Read more…

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The Price Of Gas Is Outrageous – And It Is Going To Go Even Higher

February 21, 2012 Comments off

theeconomiccollapseblog.com

Does it cost you hundreds of dollars just to get to work each month?  If it does, you are certainly not alone.  There are millions of other Americans in the exact same boat.  In recent years, the price of gas in the United States has gotten so outrageous that it has played a major factor in where millions of American families have decided to live and in what kind of vehicles they have decided to purchase.  Many Americans that have very long commutes to work end up spending thousands of dollars on gas a year.  So when the price of gas starts going up to record levels, people like that really start to feel it.  But the price of gas doesn’t just affect those that drive a lot.  The truth is that the price of gas impacts each Full article here

Forget the world ending, $5 gas could be the real plague of 2012 according to oil big shot

January 30, 2012 Comments off

houston.culturemap.com

For more than two years, former Shell Oil president John Hofmeister has predicted $5-a-gallon gasoline prices by the end of 2012. And as the date that the Mayans coincidentally also think the world will end approaches, Hofmeister is sticking to that.

With 2011 national averages topping $3.50, gas prices have reached record-breaking levels. But, $5 a gallon would still represent an awfully steep climb for 2012.

“Right now, the basic supply and demand balance is at a serious point of escalation,” the straight-talking Hofmeister told CultureMap in a phone interview.

American gas prices are still rising, even in the midst of a sluggish economy.

Fuel prices were once easy to trend, rising with a good United States economy and dropping with a bad one. But in last decade, the conventional wisdom seems somewhat out of step.

American gas prices are still rising, even in the midst of a sluggish economy.

For Hofmeister — who founded the Read more…

Categories: Oil Tags: , ,

Strike call as Nigeria doubles fuel price

January 5, 2012 1 comment

ft.com

Nigeria’s main trade unions have called for a nationwide strike and mass demonstrations from Monday to protest over the government’s scrapping of fuel subsidies.

Petrol prices have more than doubled since Sunday, when the subsidy was withdrawn. Taxi, bus and motorcycle fares shot up similarly, causing widespread anger and sparking two days of small but vocal protests in the major cities.

Cheap petrol – a litre cost 65 naira ($0.41), before January 1 – has for years been one of the only benefits most Nigerians get from the government. The National Labour Congress and Trades Union Congress said on Wednesday that if the subsidy was not reinstated they would launch “indefinite general strikes, mass rallies and street protests”, starting on January 9.

“All offices, oil production centres, air and sea ports, fuel stations, markets, banks, among others will be Read more…

Why oil prices will spike again soon

May 23, 2011 Comments off

cnn

How long till the next oil shock?

Energy prices have been coming down this spring as fears of a Middle East blowup fade. But persistent global demand, tepid supply growth and easy money mean it may not be long till the next damaging spike, Goldman Sachs economists say.

Higher and higher

Oil prices could surge again by the end of 2012, economists Jan Hatzius and Andrew Tilton wrote in a note to clients this past weekend. They say the snail-like pace of global oil supply expansion – which Goldman projects at 1% or so annually – can’t keep a petroleum-addicted world economy rolling without prices rising, perhaps sharply.

So don’t get too used to paying a mere $3 and change for gasoline. Higher prices are on the way soon enough, thanks to stretched supplies and a Federal Reserve spigot that is likely to remain wide open for years to come.

“The fundamental story of increased oil scarcity is unchanged, and our commodity strategists now see distinct upside risks to their current forecast of $120/barrel for Brent crude by late 2012,” Hatzius and Tilton write. “So the impact of scarcer oil and higher oil prices on economic activity remains at the top of our list of worries.”

What makes higher oil prices almost inevitable is the depth of the jobs deficit in the United States. Unemployment is officially 9% but is more like 13% if you consider the low rate of labor force participation, says Bernstein Research strategist Vadim Zlotnikov. That number has fallen this year to levels not seen since 1985.

High joblessness and weak inflation will keep the fed funds rate near zero at least through next year and perhaps longer, Hatzius and Tilton write. That should help keep pushing unemployment slowly toward its long-run average of around 6% — but at the expense of further dollar depreciation, stronger global demand and, ultimately, higher oil prices.

So the selloff that has taken the crude price down to $100 or so in New York and $112 in Europe, where Brent is traded, may persist through much of 2011. But it won’t last Read more…

Pimco Buying Emerging Market ‘Rising Stars’ as Inflation Looms

March 22, 2011 Comments off

www.businessweek.com

March 21 (Bloomberg) — Pacific Investment Management Co. says investors should buy company debt in Russia, Brazil and other emerging markets where rising wages and relatively low public and private debt will help borrowers weather accelerating inflation.

The manager of the world’s biggest bond fund is buying debt of “rising stars” linked to nations with expanding wealth because they will more easily be able to pass on higher materials costs, Mark Kiesel, Pimco’s global head of corporate bond portfolio management, wrote in a report today on the firm’s website. At the same time, he’s avoiding companies dependent on growth in Europe, the U.S. and Japan that will struggle amid stagnant wages and debt-laden governments and consumers.

“Companies which are tied most directly into the strong economic growth engine in the emerging markets should have the most pricing power and ability to either pass through rising costs or absorb them without a significant margin hit,” Kiesel wrote. Those more Read more…

Current US Gas Prices around the lower 48 States

March 8, 2011 Comments off