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Adding Insult To Injury, Greek Gas Prices Are Now The Highest In Europe

Tyler Durden's picture


Just because being officially the first broke Eurozone country, having 50%+ youth unemployment, and a collapsing economy is not enough, adding absolutely insult to injury is the following chart from Reuters, which shows that compared to other European economies, Greece now has the highest gas price in the old continent. And indicatively while America complains over what is now the highest gas prices in 2012 per AAA, at $3.80 average for a gallon of regular, 30 cents higher than a month ago, and 35 cents higher compared to a year earlier, gas in Greece now sells for over $9.00/gallon. But at least the IMF's worst case projects that Greek economy will be flat in 2013. And that's the "worst case scenario." But at least Europe sure taught Iran a lesson by halting crude imports. Oh yes, that Iran just happened to be one of the biggest suppliers to Greece - oh well. At least Greece still gets to proudly say it is a European colony, everything else be damned. 


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Mon, 03/12/2012 - 11:34 | 2247270 swiss chick
swiss chick's picture

Disgusting... there are a lot of taxes in the EU that are in gasoline prices

Mon, 03/12/2012 - 11:49 | 2247329 idea_hamster
idea_hamster's picture

They may be on that part of the supply curve where fewer customers means higher prices because the rising effect of the fixed costs of operations outweighs the falling variable costs.

Mon, 03/12/2012 - 11:54 | 2247347 trav7777
trav7777's picture

pt = au now...

Mon, 03/12/2012 - 11:57 | 2247356 WestVillageIdiot
WestVillageIdiot's picture

It has closed a pretty large gap.  Six months ago platinum was $200 or more below Au.  Getting a decent price on Pt seems harder than with gold.  I check prices at bulliondirect.  There is generally few options and premiums are outrageous. 

Mon, 03/12/2012 - 12:06 | 2247394 EscapeKey
EscapeKey's picture

Lower liquidity = larger spread.

Mon, 03/12/2012 - 12:22 | 2247469 The Big Ching-aso
The Big Ching-aso's picture



The Greeks are getting hosed while pumping.

Mon, 03/12/2012 - 12:50 | 2247585 ratso
ratso's picture

Norwegians and Finns are probably paying at least as much if note more per liter.

Mon, 03/12/2012 - 14:01 | 2247802 Xkwisetly Paneful
Xkwisetly Paneful's picture

Whoa! But higher taxes are the key to prosperity.

All of this debt is not a spending problem it is a taxing one,

I keep reading it over and over and over again.

Mon, 03/12/2012 - 14:06 | 2247819 ratso
ratso's picture

Before you start making gilb snarky coments about Norway, you might actually look to see what the Norwegian debt picture is and how their atandard of living compares to ours. 

Mon, 03/12/2012 - 14:15 | 2247834 Xkwisetly Paneful
Xkwisetly Paneful's picture

Sure they live in half the size homes, have one car less but get free medical.

Move into a house half the size, sell one car and voila you too can have free medical.

But I get it, personal living space and the freedom to get to and fro via personal auto are not really personal freedoms or any measure of standard of living obviously if they were there would be no debate.


Before you start making the usual asinine assumptions that the big centralized goverance Euro model is any better than any other big centralized government abortions you may actually look to see what the picture is and how their REAL not the  imagined, utopic, complete bullshit standard of living compares to ours.


Mon, 03/12/2012 - 14:19 | 2247872 Hobbleknee
Hobbleknee's picture

They don't even get that.  They get "free" first aid, and if they have a real problem, they get to wait in line.

Mon, 03/12/2012 - 14:33 | 2247932 Flakmeister
Flakmeister's picture

And your evidence of this asininie claim??


Mon, 03/12/2012 - 14:20 | 2247875 trav7777
trav7777's picture

norway isn't yet carrying a 25% 3rd world demographic.  Seeing as white countries are for everybody while countries of all other races are ONLY for them, give Norway time to wilt under the guilt trip of the tribemedia (which steadfastly supports an apartheid State)

Mon, 03/12/2012 - 14:29 | 2247913 Flakmeister
Flakmeister's picture

You are an ideological dinosaur....

Projecting the uniqueness of the US on the rest of the world is a very simplistic worldview....

I shudder to think what you think passes for "Quality of Life"...

Peak Oil is going to rip you a new one unless you open your mind...

Tue, 03/13/2012 - 08:13 | 2249842 Ar-Pharazôn
Ar-Pharazôn's picture

are you comparing greece standard of living with norvegian? LOL

Mon, 03/12/2012 - 14:51 | 2248000 Cadavre
Cadavre's picture

The Greeks are getting hosed while pumping.

... and US Colonial Viceroys want to throw an ignite match at em.

First war monger fabrications that will block any direct western trade for Iranian oil.

The US now exports more than half it's refined gasoline product, driving up US prices and assuring a heathly fat margin for Greek imported refined products. Without Iranian crude, noting Iran was  the only country selling Greek refineries crude on credit before the Iranians reacted to the US sanction EZ import ban, the Greeks have to accept more Goldman and US debt and refined petro product price manipulations.

So it all makes sense, especially for downstream cash poor energy retailers like Exxon, who will be flooding US retail outlets with way over priced refined products from US strategic reserves when proverbial shit hits the fan,

Tue, 03/13/2012 - 13:58 | 2251029 Flakmeister
Flakmeister's picture

    Do you just make shit up on the fly??

The US now exports more than half it's refined gasoline product, driving up US prices

Mon, 03/12/2012 - 11:49 | 2247330 4realmoney
Mon, 03/12/2012 - 11:56 | 2247355 trav7777
trav7777's picture

doesn't matter...he lost and miserably.

Mon, 03/12/2012 - 12:31 | 2247494 tarsubil
tarsubil's picture

Which convention was that at?

Mon, 03/12/2012 - 14:21 | 2247884 trav7777
trav7777's picture

at the Iowa caucuses.  I told you idiots that like it or not, it was all over after that.

Mon, 03/12/2012 - 14:32 | 2247926 Flakmeister
Flakmeister's picture

I'll quibble, in reality it was all over before that....

Too bad, he could have added some substance to the debate unlike Cap'n Assjuice and Romney's Lobbyist....

The Repugnuts need a "Game Change"... LOL

Tue, 03/13/2012 - 13:36 | 2250947 tarsubil
tarsubil's picture

You've taken part in the Iowa caucuses? My friend has and he contradicts what you are saying. I don't know who to believe!

Mon, 03/12/2012 - 12:34 | 2247503 JR
JR's picture

Of course it matters. America was the miracle of a nation founded on the rights of individuals to overpower the greed and ruthlessness of tyrants from European kings to Stalin and  Mao. And now that a tyranny has swept over this miracle nation the hope for a return to America’s representative government will depend on the leadership of strong men. Ron Paul is in this fight: a fight for delegates and a fight for truth and anyone who believes that’s its over does not know what he’s talking about.

Perhaps, Cher, who laments in her recent hit…”I can’t find one honest man…” ought to catch one of the GOP presidential debates this season. At first, she’ll see three of the top double-talking, flip-flopping, fake promising blowhard fibbers of whom most political consultants would be proud.

The audience hangs on every promise, every lie, every “it wasn’t me” or “he did it too,” or “sorry I regret that vote more than I can say but this time I’m leading the opposition to it.”

Trav, one man on the stage won’t be posturing, apologizing, lying or promising something he won’t deliver. Ron Paul.  All four candidates rail against big Government and Obama, but no one disputes that Ron Paul would cut more government and dismantle more Obama socialist and banker programs than the other three.

So-called evangelical Christians are the hot-button Primary audience this year. Santorum and Romney daily damage their general election appeal by taking extreme positions on issues such as Israel war talk and social positions far beyond their past voting patterns. Gingrich, with a past similar to a Hollywood trollop, is embraced by religious Christians generous with their forgiveness and he’ll take a back seat to no one in backing the Zionists and collecting millions from his Zionists casino pal.

No GOP voting bloc seems to care that these politicos promises are promises made to deceive and be broken; no one seems to care that they are known politicos in statesmen’s clothing.

Ron Paul is a conservative Baptist with two brothers who are ministers, a son and daughter who are doctors and another in the US Senate, a proven, perfect voting record on conservative, social and fiscal issues. He’s been married to Carol for 55 years, since after her request that she be his escort at her 16th birthday party.

Ron Paul is a family man, small government proponent almost like no other, former Air Force flight surgeon, former obstetrician who has delivered more than 4,000 babies, strongly pro-life and prolific author on a wide assortment of economic issues.

But suppose at the next debate Ron Paul slides into lying political rhetoric - a bit of a warning on the “Muslim threat” in America, expresses sympathy with McCain’s intervention plan for Syria, and issues a dramatic call for much stronger central government power to enforce his constituents’ social Conservative goals. For good measure, he could review biblical passages that suggest the dangers of pornography, same sex marriage, the role of women in the military, etc., and  promise to impose the iron fist from above – as the Democrats do for the other side of the moral coin.

Cher, of course, would be mortified. But, then again, she wouldn’t have found her one honest man.

Mon, 03/12/2012 - 12:38 | 2247532 Harlequin001
Harlequin001's picture

'Of course it matters. America was the miracle of a nation founded on the rights of individuals to overpower the greed and ruthlessness of tyrants from European kings to Stalin and  Mao. And now that a tyranny has swept over this miracle nation the hope for a return to America’s representative government will depend on the leadership of strong men.' - What complete and utter bullshit. You might have won the White House but teh British still held the mortgage. Wake up, stop dreaming of what never was. This is it. This is what you got.

Get used to it.

Mon, 03/12/2012 - 13:03 | 2247625 tarsubil
tarsubil's picture

There has been an unending war with battles won by both sides.

Mon, 03/12/2012 - 13:07 | 2247641 JR
JR's picture

We will never get anywhere by calling miracles non-miracles. Where is the evidence that America was not the greatest economic engine in the history of the world? And who says that America in her birth and for years after was not the greatest beacon for liberty and moral example that existed in the world? Which society eclipsed America in her days of free market enterprise that allowed the elimination of class structure and opportunity for individual growth as never before experienced?

What could possibly be the purpose for denying all of these dramatic and worthwhile developments? Surely you are not one of those who would use falsehoods regarding the American Dream to stop the reform that must now be initiated.

Mon, 03/12/2012 - 14:18 | 2247869 Harlequin001
Harlequin001's picture

Well here I sit now covered in verbal fucking sputum.

A naivety rarely experienced. Dream on.

Tue, 03/13/2012 - 08:20 | 2249849 Ar-Pharazôn
Ar-Pharazôn's picture

and even if he is a honest man (which could be, i dont know him so much) how much time do you think we have to wait to see him assassinated like JFK?

Mon, 03/12/2012 - 11:55 | 2247350 Hobbleknee
Hobbleknee's picture

I pay $8.51 a gallon in Sweden. Over 60% of the price is taxes.  They hate cars over here.  The sales tax for a car in Denmark is over 200%


Compare gold and silver prices

Mon, 03/12/2012 - 12:29 | 2247480 The Big Ching-aso
The Big Ching-aso's picture



I can't blame the Swedes for hating cars.   Look at that overpriced ugly SAAB POS.

Mon, 03/12/2012 - 12:49 | 2247581 Harlequin001
Harlequin001's picture

And the Volvo S series. Seen from the right angle it looks like a right sack of shit.

Mon, 03/12/2012 - 14:21 | 2247882 Hobbleknee
Hobbleknee's picture

I'm so glad they went bankrupt :-b

Mon, 03/12/2012 - 13:04 | 2247546 tarsubil
tarsubil's picture

Smart growth or dumb destruction?

Mon, 03/12/2012 - 13:27 | 2247705 green888
green888's picture

currently $8.44 in the UK

Mon, 03/12/2012 - 13:45 | 2247765 Harbanger
Harbanger's picture

Obama's Energy Secretary: "High Gas Prices Are Good for You! "  You guys are just ahead of the curb.

Mon, 03/12/2012 - 13:29 | 2247711 Blue Horshoe Lo...
Blue Horshoe Loves Annacott Steel's picture

It could be worse.  It could be 201%!


Mon, 03/12/2012 - 12:43 | 2247553 JennaChick
JennaChick's picture

Forget Greece, buy gold! Here's the latest from Robert Mish who has been a precious metals dealer for nearly 50 years and knows what a gold bubble mania looks like:

Mon, 03/12/2012 - 19:28 | 2248950 TheFourthStooge-ing
TheFourthStooge-ing's picture

Fuck off, spammer!


Mon, 03/12/2012 - 19:35 | 2248967 Flakmeister
Flakmeister's picture

Would you really want to deny the eucharist to the faithful??

Mon, 03/12/2012 - 11:36 | 2247277 GeneMarchbanks
GeneMarchbanks's picture

Luckily no need to drive to work anyway.

Mon, 03/12/2012 - 11:38 | 2247285 LawsofPhysics
LawsofPhysics's picture

There you go.  Greeks are no longer participating in the corrupt and fake system.  Stay at home, local economies and black markets booming.  Fuck the bankers and the NWO.  Good for them.

Mon, 03/12/2012 - 11:53 | 2247343 DutchR
DutchR's picture

Benefits slashed after minimum wage cut:


Mon, 03/12/2012 - 11:57 | 2247358 trav7777
trav7777's picture

the greasy greeks were NOT INNOCENT.

Benefits cut commensurate with how little WORK THEY DO.  This nation DOES NOT PRODUCE.

The previous poster says greeks are opting out of the system...fuck, they've opted out of working for decades now.  Cut them off.  No more living off of the surpluses of Germany and the other nations that are responsible.

Mon, 03/12/2012 - 12:00 | 2247367 LawsofPhysics
LawsofPhysics's picture

Exactly.  Crash the fucking system and lets find out precisely what the real value of everyone's labor really is.  Fucking bring it.

Mon, 03/12/2012 - 13:16 | 2247677 Harbanger
Harbanger's picture

" find out precisely what the real value of everyone's labor really is."  That kind of leveling would freak out the West.

Mon, 03/12/2012 - 14:30 | 2247915 LawsofPhysics
LawsofPhysics's picture

We get there one way or another as all fiat dies, my employees and I would prefer sooner rather than later.  fucking bring it.

Mon, 03/12/2012 - 15:07 | 2248059 Harbanger
Harbanger's picture

All big Govt schemes fail.  They couldn't exist in a free world without fiat to deliver the unsustainable promises that elected them.  It will have to crash, because very few people will ever voluntarily reduce their current standard of living. With the ensuing class warfare and the rise of democratic dictators , do you expect to have business as usual with your employees or even recognize your former country.

Mon, 03/12/2012 - 14:50 | 2248003 theMAXILOPEZpsycho
theMAXILOPEZpsycho's picture

or everyones assets...I doen't plan on working in said scenario...

Mon, 03/12/2012 - 12:02 | 2247374 CrashisOptimistic
CrashisOptimistic's picture

trav, pop down a few posts to my Mauldin quote.

Pretty good chance participation was bought.

Mon, 03/12/2012 - 12:09 | 2247410 EscapeKey
EscapeKey's picture

Regardless, what trav says is right. Years of labour price growth has turned the greek economy incredibly uncompetitive.

And Greeks with no reasonable estimate of what they can pay themselves is nothing new. They were suffering continuous hyperinflation between 1942 and 1946, and have repeatedly been in a state of default during the 20th century.

Mon, 03/12/2012 - 12:18 | 2247439 GeneMarchbanks
GeneMarchbanks's picture

What Trav says is, as usual, at best a distortion. Like Argentina this has been a bankster heist and it has been going on for centuries. Your thought process has been taken hostage by the BBC or you're teetering on stupid.

You should once again be reminded that the 'bailouts' have been about the banking system.

Mon, 03/12/2012 - 13:20 | 2247687 Harbanger
Harbanger's picture

Argentina was another failed socialist experiment starting with Peron.

Mon, 03/12/2012 - 13:29 | 2247709 Harbanger
Harbanger's picture

Perón's work in the Labor Department led to an alliance with the socialist and syndicalist movements in the Argentine labor unions. This caused his power and influence to increase in the military government.

After the coup, socialists from the CGT-Nº1 labor union, through mercantile labor leader Ángel Borlenghi and railroad union lawyer Juan Atilio Bramuglia, made contact with Perón and fellow GOU Colonel Domingo Mercante. They established an alliance to promote labor laws that had long been demanded by the workers' movement, to strengthen the unions, and to transform the Department of Labor into a more significant government office. Perón had the Department of Labor elevated to a cabinet-level secretariat in November 1943.[4]

Mon, 03/12/2012 - 12:17 | 2247443 Vampyroteuthis ...
Vampyroteuthis infernalis's picture

They were suffering continuous hyperinflation between 1942 and 1946

EscapeKey, that was during Nazi occupation. The only ones to blame for that period would be Germans. Not much has changed it appears in someways.

Mon, 03/12/2012 - 12:21 | 2247465 EscapeKey
EscapeKey's picture

Read this book. All this "ooh, it's the evil banksters and their NWO plans" frankly is getting a bit boring. Alex Jones is a snake oil salesman.

Places emphasis on policy decision-making in Greece in the 1940s which resulted in an extraordinary long fifty months hyperinflation. Throughout the entire period, the government of Greece was financed mainly from seigniorage, and barely at all from fiscal taxation. The author asks how this was contrived over so long a period without destroying the tax-base afforded by the transactions demanded for flat money. The book is, however, far more than an extended analysis of monetary economics. Rather it explores the history and structural basis for the policies pursued by the occupation and liberation governments of Greece, and their interactions with the policies of the Axis and later, British authorities.

Mon, 03/12/2012 - 12:31 | 2247495 Vampyroteuthis ...
Vampyroteuthis infernalis's picture

Escape key, I am not a conspiracy theorist at all. It is just hard to compare modern economies during peace times with an economy caught up in occupation and war. Greeks have mismanaged their economy since WWII. No argument there. It is just not fair to compare apples to oranges.

Mon, 03/12/2012 - 12:46 | 2247566 GeneMarchbanks
GeneMarchbanks's picture

Mismanaged?! As in stopped paying attention to the political process and letting Goldman fleece them?


Mon, 03/12/2012 - 13:05 | 2247632 Vampyroteuthis ...
Vampyroteuthis infernalis's picture

It takes two to tango. The Goldmanites and corrupt Greek politicians.

Mon, 03/12/2012 - 13:15 | 2247670 GeneMarchbanks
GeneMarchbanks's picture

I'm certain the newly awakened Greek people will vote out the cheese-eaters thereby being half-way to righting the ship. Can the same be said about the Squid? Not likely.

Mon, 03/12/2012 - 13:24 | 2247696 JR
JR's picture

A crime was committed in Greece; it wasn’t the butler, it wasn’t the housemaid and it wasn’t the Greek people. It was Goldman Sachs; it was Goldman who helped install, manipulate and take advantage of Greece's public officials. To assign the blame to the victims is to be a useful tool for the perpetrator.

The perpetrator had motive and opportunity and has yet to be charged.

Mon, 03/12/2012 - 14:31 | 2247924 LawsofPhysics
LawsofPhysics's picture

Another "useful idiot".  fine, I'll take the other side of the trade and preserve my purchasing power.

Mon, 03/12/2012 - 12:50 | 2247584 JR
JR's picture

Trav, we all need to be careful not to fall into a depiction of an entire people in the Henry Kissinger vein; demonization is always the preliminary strategy for exploitation and theft. While addressing a group of Washington, D.C. businessmen in Sept.1974, Kissinger said:

“The Greek people are anarchic and difficult to tame. For this reason we must strike deep into their cultural roots: Perhaps then we can force them to conform. I mean, of course, to strike at their language, their religion, their cultural and historical reserves, so that we can neutralize their ability to develop, to distinguish themselves, or to prevail; thereby removing them as an obstacle to our strategically vital plans in the Balkans, the Mediterranean, and the Middle East."

From: Umbrella union: 10 myths about Greece and the crisis |Dec. 8, 2011 | Nick Malkoutzis

There is no reason to form such stereotypes as there is ample statistical evidence to provide a clear picture of how hard Greeks work. Eurostat figures consistently show that Greeks work the longest hours in the eurozone. The latest figures show that Greeks worked an average of 40.9 hours per week in 2010. The eurozone average was 36.6. Even the usually privileged civil servants are now working 40-hour weeks after their working days were extended by 30 minutes this summer. Figures compiled by the Organization for Economic Cooperation and Development (OECD) also show that Greek productivity kept pace and in some cases exceeded other eurozone countries, including Germany, during the last decade.

However, what statistics cannot show is how much of an obstacle Greeks who do not work effectively can be to the rest. Numbers, for instance, are not able to illustrate how much time a Greek business owner or employee has to invest in processing paperwork because of his country’s arcane public administration in comparison to a eurozone peer that does not suffer such a drain on his or her resources. Greece’s problem is not one of its people being lazy but one of finding a way for those who do put in the hours to be efficient.

Until last year (2010), Greeks could earn a full pension if they completed 35 full years of work. However, for them to retire in their 50s, they would have had to complete 37 years.... Nevertheless, the average retirement age in Greece is not in the 50s. According to figures compiled by Eurostat, last year it was 61.4. In Germany it was 62. However, Greece’s pension laws were overhauled early last year so that by next year (2012) Greeks will retire at 65 …

Mon, 03/12/2012 - 13:22 | 2247691 trav7777
trav7777's picture

it's fuckin just AMAZING then that the greases manage to work SO MUCH and SO HARD and yet produce frickin NOTHING.

Maybe they are just pretending to work, eh?

Mon, 03/12/2012 - 14:26 | 2247896 JR
JR's picture

Trav, give it a rest. I think you wandered into the game late today and accidentally found yourself in Goldman Sachs’ cheering section.

There are a lot of viewpoints concerning what has happened in Greece;  but the bottom line is that the outcome has been horrendous making it very difficult to side with the culprit – Goldman and its associates in the other banking capitals of the world, from Paris to Frankfort

Mon, 03/12/2012 - 12:08 | 2247403 Vampyroteuthis ...
Vampyroteuthis infernalis's picture

Benefits slashed after minimum wage cut....

The hole gets deeper. Greece, when dealing with the devil his terms are always favorable for him.

Mon, 03/12/2012 - 14:35 | 2247941 Harbanger
Harbanger's picture

Greece needs a Ron Paul, would they ever vote for him.  Not, because he would cut their entitlements to save them from being slaves to the banksters. 

Mon, 03/12/2012 - 11:58 | 2247361 JPM Hater001
JPM Hater001's picture

At least somethings booming over there.

Mon, 03/12/2012 - 11:37 | 2247282 SheepDog-One
SheepDog-One's picture

No problem....Greece FIXED! 

Mon, 03/12/2012 - 11:48 | 2247318 CrashisOptimistic
CrashisOptimistic's picture

Wanna know how?

Here's an excerpt from John Mauldin's weekend letter:



But that 90%+ participation rate of bond holders willing to take their lumps may be suspect, according to Art Cashin, writing this morning:

"Some savvy (but very cynical) traders think the heavy participation may have been structured. They posit that in order to keep the deal from falling apart, some banks, on government instructions, may have paid a premium to the 'reluctant' participants. That would get them out of the way and allow for more tenders by the buyers. No proof – just conjecture."

In other words, Greece gov't ordered its banks to pay the bribe so the govt would not be seen doing so.  The participation was bought, maybe dollar for dollar.


Mon, 03/12/2012 - 11:53 | 2247342 SheepDog-One
SheepDog-One's picture

LOL, yea NOW what?

Mon, 03/12/2012 - 12:02 | 2247377 NotApplicable
NotApplicable's picture

Buy AAPL, duh.


Mon, 03/12/2012 - 12:04 | 2247385 CrashisOptimistic
CrashisOptimistic's picture

Mauldin says now Portugal.  Present 5 year bond yield 19%.

Mon, 03/12/2012 - 12:14 | 2247430 CrashisOptimistic
CrashisOptimistic's picture

haha What is junkable about that statement?

Mon, 03/12/2012 - 13:24 | 2247697 trav7777
trav7777's picture

that YOU wrote it, dumbass. 

WTF would you care about a junk anyhow?

JFC, man, I can go from 150-12 GR to 12-150 GR in two different threads on the same day just by pushing the right buttons.

Mon, 03/12/2012 - 13:18 | 2247679 Wolferl
Wolferl's picture

Spot on! And mules don´t need gas anyway.

Mon, 03/12/2012 - 11:37 | 2247283 digitlman
digitlman's picture

Risk on!

Mon, 03/12/2012 - 11:40 | 2247288 Eclipse89
Eclipse89's picture

In Italy in one liter of gas we still pay 7 eurocents for Suez crisis dated..... 1956.

Plus on this 7 eurocents we pay 21% of VAT.


Fuck you all.

Mon, 03/12/2012 - 12:14 | 2247418 CrashisOptimistic
CrashisOptimistic's picture

Hey, Luigi, be happy to pay that extra money.  It funds political demonstrations that clog up traffic in Rome.



Mon, 03/12/2012 - 12:29 | 2247487 Eclipse89
Eclipse89's picture

Hey, Kartofen, do the world a favor, don't say bullshits.

Your mummy will be proud of you.

Mon, 03/12/2012 - 13:26 | 2247702 ilovefreedom
ilovefreedom's picture

I'm sorry you're having trouble, but doesn't the Italian government tax you? Shouldn't you be upset at them and Mr. B for letting that continue?

Tue, 03/13/2012 - 08:30 | 2249865 Ar-Pharazôn
Ar-Pharazôn's picture

italy is one of the crappiest nation in this world and soon will become a 3rd world country

Mon, 03/12/2012 - 11:39 | 2247290 Momauguin Joe
Momauguin Joe's picture

War or peace, feast or famine, the Four Hoursemen of oil ALWAYS profit.

Mon, 03/12/2012 - 11:40 | 2247295 SheepDog-One
SheepDog-One's picture

Well theyre sure not profitting from me anymore.

Mon, 03/12/2012 - 11:47 | 2247322 Momauguin Joe
Momauguin Joe's picture

Their sun is setting on the horizon. Not a damn thing they can do about it either. Good for you SheepDog. Localize now.  

Mon, 03/12/2012 - 11:53 | 2247291 SheepDog-One
SheepDog-One's picture

'Greece economy will be flat in 2013'....or flattened like a pancake?

Mon, 03/12/2012 - 11:57 | 2247357 Hobbleknee
Hobbleknee's picture

Well, you won't get any syrup, that's for sure.

Mon, 03/12/2012 - 13:01 | 2247613 RmcAZ
RmcAZ's picture


Mon, 03/12/2012 - 11:40 | 2247292 Rogier
Rogier's picture

We Dutchies currently pay 1,83 per litre, so Reuters go and do a new and even more scary version of that chart if you please.

Mon, 03/12/2012 - 11:47 | 2247323 GeneMarchbanks
GeneMarchbanks's picture

That's no reason to complain since a couple of hours on a bicycle will basically get you around the entire country.

Mon, 03/12/2012 - 11:49 | 2247332 CrashisOptimistic
CrashisOptimistic's picture

Carrying a month's groceries?

Mon, 03/12/2012 - 12:07 | 2247371 GeneMarchbanks
GeneMarchbanks's picture

It's Europe. Food is (mostly) local. Groceries are bought daily here, at most weekly unless you're a bunkergoon or haven't access to local farms/markets.

Mon, 03/12/2012 - 11:40 | 2247299 LongSoupLine
LongSoupLine's picture



Wow, those tear gas delivery trucks are going to feel some real pain...

Mon, 03/12/2012 - 11:41 | 2247300 BliptoP3
BliptoP3's picture

High demand for Molotov Cocktails?

Mon, 03/12/2012 - 11:42 | 2247305 SheepDog-One
SheepDog-One's picture

Getting expensive to revolt....those molotov cocktails now cost about $7 to make.

Mon, 03/12/2012 - 12:24 | 2247477 Winston Churchill
Winston Churchill's picture

Bullish for Napalm maybe ?

Mon, 03/12/2012 - 11:42 | 2247302 Red Heeler
Red Heeler's picture

$9 gas: coming soon to a station near you.

Mon, 03/12/2012 - 11:50 | 2247335 semperfi
semperfi's picture

Obama will have gas (natl avg) down to $3.25 or below by election day - and he will also make sure it doesn't rise above $4.00 this summer.   I'll bet anyone the usual amount on that.

Mon, 03/12/2012 - 11:55 | 2247352 SheepDog-One
SheepDog-One's picture

He cant do it...the idea that ObaMao actually does anything at all is a farce in itself anyway.

No, what youre seeing now is hyper money printing coming around to bite them all in the ass....what are they going to do, print MORE to 'lower oil price"? It can only go up now.

Mon, 03/12/2012 - 12:09 | 2247407 Hippocratic Oaf
Hippocratic Oaf's picture

Yep. I can't see how Obama-whama-ding-dong can stop, or at least reduce, oil and energy inflation. There is less driving, more working from home (if you have a job or home) and more smaller/efficient cars on the highway. It's the money printing!

Mon, 03/12/2012 - 12:13 | 2247424 espirit
espirit's picture

Anarchy at $4.00 per gallon in the southern states.

The govt knows that.

Mon, 03/12/2012 - 12:46 | 2247563 connda
connda's picture

Bunk.  Americans don't have the backbone to do anything but roll over and take it like the Greeks.

Mon, 03/12/2012 - 13:07 | 2247640 Chump
Chump's picture

I believe anarchy doesn't come until $5.00.  Average around my area is only 20 to 30 cents from $4.00 for regular anyway.  Once we hit $4.00 we'll have palpable anger instead of flippant remarks made during small talk.  Neither level is good for incumbents (or those evil speculators and dastardly oil companies for that matter).  But the Fed will get off scot-free IMO.

Mon, 03/12/2012 - 11:55 | 2247353 BliptoP3
BliptoP3's picture

How would he do this? (other than invading Canada of course.)

Mon, 03/12/2012 - 12:48 | 2247576 tarsubil
tarsubil's picture

Way to spoil the surprise for everyone.

Mon, 03/12/2012 - 14:06 | 2247818 FrankDrakman
FrankDrakman's picture

They grow bitter weeds in Canada.

Mon, 03/12/2012 - 12:00 | 2247365 Red Heeler
Red Heeler's picture

"and he will also make sure it doesn't rise above $4.00 this summer."

That will be a neat trick since it's already, on average, above $4 in California, Hawaii, Alaska, and Illinois.

Mon, 03/12/2012 - 12:19 | 2247437 spastic_colon
spastic_colon's picture

....yes and with the reelection a lock, the mandate of "green" will be revisited by making sure gas is over $5/gallon, a $40,000 electric auto looks much better on a per mile basis when gas is over $5.....the strategy is no mystery, as all corpoarations who want to be invloved must participate in the illusion of higher gas prices, right now a small gas only vehicle still has a better per mile cost, without being currently able to bring down electric auto production costs, the next best thing is to make sure gas prices rise.

Mon, 03/12/2012 - 11:42 | 2247303 daz
daz's picture

it is not funny... 


Mon, 03/12/2012 - 11:48 | 2247327 Taint Boil
Taint Boil's picture

The Giant Ass Saw Thing - now that's funny.

Mon, 03/12/2012 - 11:43 | 2247306 kito
kito's picture

does anybody have any insight on platinum prices basically at par with gold today? interesting that that spread collapsed between the two..............

Mon, 03/12/2012 - 11:59 | 2247364 trav7777
trav7777's picture

somebody might...I think there was this guy who repeatedly recommended this convergence pair trade

Mon, 03/12/2012 - 12:27 | 2247482 Mr. Lucky
Mr. Lucky's picture

Maybe Bill Dudley was on to something (Gold Bug at the Fed 2/2/12).  I took notice :)

Mon, 03/12/2012 - 13:39 | 2247746 trav7777
trav7777's picture

yeah only about 6 months after I put the thing on

Mon, 03/12/2012 - 11:43 | 2247308 Athina
Athina's picture

Just gotta get this stuff up and running and things will be ok!

Mon, 03/12/2012 - 11:44 | 2247309 YesWeKahn
YesWeKahn's picture

Can the ECB also print some gas?

Mon, 03/12/2012 - 11:48 | 2247326 connda
connda's picture

It's like a scene out of Deliverance.  The EU has Greece bend over and is taking them from behind:

"Ya can't have no god-damn Iranian oil, now SQUEAL LIKE A PIG!"

Mon, 03/12/2012 - 11:51 | 2247336 EmileLargo
EmileLargo's picture

They should use their trains more. Apparently, the train system only generates Euro 100 million in revenues but pays Euro 400 million in salaries!

Mon, 03/12/2012 - 12:07 | 2247399 Hugo Chavez
Hugo Chavez's picture



Mon, 03/12/2012 - 12:10 | 2247413 GeneMarchbanks
GeneMarchbanks's picture

I'll tell ya but you have to lay off of the CAPS? Mmmmkay, pumkin?

Mon, 03/12/2012 - 12:23 | 2247473 earleflorida
earleflorida's picture

they duplicated thier business model after "AMTRAK'

Mon, 03/12/2012 - 15:03 | 2248040 EmileLargo
EmileLargo's picture

The salaries and benefits are paid by a German sugar daddy. That's a bullet proof business model. 

Mon, 03/12/2012 - 12:32 | 2247499 Blue Horshoe Lo...
Blue Horshoe Loves Annacott Steel's picture

After "seasonal adjustments'", there's a profit of EU $275 million!

Mon, 03/12/2012 - 11:52 | 2247339 The Big Ching-aso
The Big Ching-aso's picture



I see a big market for grickshaws.

Mon, 03/12/2012 - 12:16 | 2247438 espirit
espirit's picture

Yep. Hard to walk with a full tank of ouzo.

Mon, 03/12/2012 - 11:54 | 2247340 Calmyourself
Calmyourself's picture

Hyperbolic rhetoric if I ever read it.. Gas, diesel whatever has nothing to do with economic activity.  There may be a tiny component in pricing and such but every esteemed economist knows true economic activity is measured by PPI.  Paper Pushing Index more properly shows a countries or regions economic activity.  The slosh of paper trades back and forth and yes paper and electronic currency manipulation is the true measure of worth.  This "energy" applied to both electronic and paper is true wealth.   As if barbaric energy metrics have any use in our new bernanke driven PPI world.    Cretins..

Mon, 03/12/2012 - 12:00 | 2247366 BliptoP3
BliptoP3's picture

A car fueled on bureaucratic waste-paper - your a frickin' genius!  Every new govt. regulation would increase our fuel supply; free, limitless energy.

Mon, 03/12/2012 - 12:18 | 2247449 espirit
espirit's picture

Re: Gasifier.

Mon, 03/12/2012 - 14:21 | 2247883 Calmyourself
Calmyourself's picture

Starting to see the appeal of this side of the fence, it fleshes out the other side.  The non reasoners come out to play..

Mon, 03/12/2012 - 11:55 | 2247354 DutchDude
DutchDude's picture

Netherlands: $9,20/Gallon... RON95 octane fuel

Mon, 03/12/2012 - 11:58 | 2247359 Hobbleknee
Hobbleknee's picture


Mon, 03/12/2012 - 11:58 | 2247362 Hugo Chavez
Hugo Chavez's picture

So glad i live in the usa where i have my guns, a three thoysand square foot house at 75 dollars per square foot, and gas at 3.80 dollars.

Even food is more expensive in europe, and the taxes!!!

Middle class in europe live like our lower middle class. Why do you europeans allow that? And we can still drink our tapwater right from the sink unlike polluted europe.

Mon, 03/12/2012 - 12:02 | 2247372 Hugo Chavez
Hugo Chavez's picture

Oh that 3000 square foot heated and cooled doesnt include my four car garage and a thirty thousand gallon swimming pool. Not bad for 255,000 dollars. I guess that is 80 bucks per square foot.


Mon, 03/12/2012 - 12:22 | 2247471 greecerules
greecerules's picture

yes so glad you live in the usa which has ran up collective debt/gdp in excess of 300%.  The only thing saving the US is the fact they canprint money and the dollar remains the worlds reserve currency.  But things are changing fast....

Mon, 03/12/2012 - 14:24 | 2247887 Calmyourself
Calmyourself's picture

If that happens and he has stacked phyzz at all, good news / bad news he will still have the house...  I do love America just not the fasci/marxi/corporatist bastards running it..

Mon, 03/12/2012 - 12:02 | 2247373 j0nx
j0nx's picture

Poor dumb Greek bastards but at least it's not as if they need gas when they don't have a job to drive to.

Mon, 03/12/2012 - 20:38 | 2247375 Widowmaker
Widowmaker's picture

Get long natural gas.

Mon, 03/12/2012 - 12:05 | 2247387 Moneyswirth
Moneyswirth's picture

It's almost like all those years living like...well, er...Greeks, is coming back to bite them in the Ouzo

Mon, 03/12/2012 - 12:10 | 2247412 Hugo Chavez
Hugo Chavez's picture

Nobody could have predicted it.

Mon, 03/12/2012 - 12:05 | 2247389 LongGold
LongGold's picture

This article is not quite correct. Might be because we don't have the Euro here in Denmark, but our Danish Krone is pegged to the Euro so it's the same. 

Our list price for gasoline is 1.79 Euro !!!!  That's 9 USD pr gallon. 

On top of that we have 180% taxes on cars. 

Mon, 03/12/2012 - 12:24 | 2247476 Blue Horshoe Lo...
Blue Horshoe Loves Annacott Steel's picture

Everyone in those countries must learn 2 words:

Public Transportation.

Mon, 03/12/2012 - 14:25 | 2247892 Calmyourself
Calmyourself's picture

No, one word will do: revolution..

Mon, 03/12/2012 - 12:05 | 2247392 greecerules
greecerules's picture

what is up with all this "eu colony" stuff.  The whole point is that the greek people WANT to stay in the euro.  Nobody is forcing them to do so.

Mon, 03/12/2012 - 12:13 | 2247422 Hugo Chavez
Hugo Chavez's picture

Yes indeed. The greeks make sheeple look assertive.

Some people like to be slaves. First to the Romans, then to the turks. Now slaves to the EU.

Mon, 03/12/2012 - 12:19 | 2247454 greecerules
greecerules's picture

greeks like to be slaves?  hahaha coming from who an american?  lets skip the BS the truth is greeks like everyone else are worried about putting food on the table - which entails  KEEPING a job.  Going bankrupt and exiting the EU without a plan is a kin to collective suicide. 

Mon, 03/12/2012 - 12:54 | 2247592 earleflorida
earleflorida's picture

"Goldman Sachs" via Mario Draghi & Co., - 'The Tragic Surrogate Adoption of the Oedipus Chronology ?' __ Samuelson wp 12/16/11

Ps. Samuelson is delusional [? paid shill ? POS WP rag*] in his thesis - there are a plethora of reasons why the European debacle came apart or actually was imploded by "TPTB' when the OPEC's thought it wise to be paid in euro's? you decide, and look at the timeline of subsequent events that precipitated EZ's demise.




Mon, 03/12/2012 - 12:09 | 2247408 Seasmoke
Seasmoke's picture

zooming on by, from last to first .....wish my horses pps looked liked that

Mon, 03/12/2012 - 12:09 | 2247409 Banksters
Banksters's picture

Operation FUBAR is in full swing.   



Mon, 03/12/2012 - 12:10 | 2247415 ISEEIT
ISEEIT's picture

High gas prices are actually good for the planet. 'People' might refrain from using fossil fuels which will in turn lead to climate stabilization.

Nah, seriously though....

Two things:


I love this dork. She is beautiful.


Bigger story than most realize.

Mon, 03/12/2012 - 12:16 | 2247440 Antifaschistische
Antifaschistische's picture

Why is there a premium over other Euro countries?    Is credit risk being priced into gasoline?

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