White House Comments On Surging Gasoline Prices
Just when we thought that when it comes to nonsensical announcements Europe is second to none, here comes the White House and takes the cake:
- WHITE HOUSE SAYS RISE IN GASOLINE PRICES CAUSED BY VARIETY OF GLOBAL FACTORS, INCLUDING UNREST IN SOME PARTS OF WORLD, FAST GROWTH IN OTHERS - RTRS
Uhm, would the "unrestful" parts of the world be those that have an above average US drone presence. At least we know that said price surges have nothing to do with the following chart:
As a reminder, we did note over the weekend that inflation is about to become the biggest concern of "investors" everywhere:
Oddly enough, one very crucial item missing is once again surging inflation courtesy of trillions in stealthy central banks reliquification, sending crude to the highest since May 2011, and the most expensive gas price in January on record.
Sure enough...
Rising U.S. gas prices have been fueled by a number of factors in world markets, including unrest and rapid growth in emerging markets, the White House said on Tuesday.
White House spokesman Jay Carney said recent increases in gasoline prices were "clearly the effect of a variety of factors on the global price of oil," including unrest in some parts of the world and economic growth in countries including India and China.
"The fact that this is happening only underscores the need ... to have a comprehensive energy policy," Carney told reporters.
U.S. gasoline prices jumped in January, leading overall consumer prices higher and offering a reminder of the risks energy costs pose to the economic recovery.
After rising throughout January, the national price for regular unleaded gasoline in the United States rose to $3.58 a gallon in the week through last Monday, according to the Energy Information Administration. It had started the year around $3.32 a gallon.
The people demand more Solyndras!!!
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Dont forget to blame George Bush.
Not only are the balance sheets growing in absolute terms but their rate of growth is going parabolic as well. In other words, we've already jumped out of the plane and tried the chute...it didn't open...tried the safety...it didn't open either...LOOK OUT BELOW!!!
?????GOLD?????
It was the Ewoks. The Ewoks did it.
Mad Max time.
We are going to be driving around in our GMs, Ford... Honda's and Toyota's looking for gasoline.
Dibs on the midget who knows how to distill pig shit!!!
Well if it's just a matter of unrest, why don't they take a nap?
AND ZEN FIRE ZEE MISSILES!
http://www.youtube.com/watch?v=84Ud3V9NPw8
Surging gas prices from Bernanke printing press, they leave that out of the news. We are such dumb Americans we believe everything the news tells us. LOL. Fucking wake up status quo, you're losing it. This helps Ron Paul win.
Ron Paul is going to win.
Not if we don't stop them from rigging the election. Voters have to stay behind and take a video of the results before it goes for collection.
Paul has huge rally, twice as many people come to see him than Romney or Santorum. There is veteran march in DC with at least 2000 who come, even after military sends out warning to not participate. Only one MSM news reports it and reports it as "hundreds."
Any idiot voting for Santorum is wasting your vote, if Santorum wins GOP, then Obama wins general. It's what the status quo wants.
Obama's Ministry of Truth has said that they have formally requested that The Bernank increase the daily rations of interest free Federal Reserve Notes distributed to the commodity trading floors of 'evil speculator' institutions with which they can gamble (but risk free gambling thanks to taxpayers backstoppping) on commodity speculation, including oil futures, so as to try and ease the price of gasoline and heating oil (and nearly everything else).
In other words, only by doing more of what has significantly contributed to the dramatic rise in oil/gas prices can help ease this situation (but it will actually only make it worse) although Obama will blah blah blah about "evil speculators" (that he and his administration have empowered) as he prays that the equity markets don't crash prior to November 2nd.
And hey look, everyone, the BOE is going Full Bernank Retard, too:
02-21 14:59: BoE's Bean says QE boosts asset prices and encourages spending
You see. If you make things more expensive to purchase, you increase spending. It's not as if this runs contrary to the most (and one of the few accurate) fundamental laws of economics.
Gideon Gono similarly found rising prices were caused by strong growth in surrounding countries and, yes, it led people to save less.
Perhaps the Bernank should check with Dr. Gono (also known as No-go) as to how well that worked out.
http://www.newzimbabwe.com/pages/gono11.12660.html
"Somehow we have to figure out how to boost the price of gasoline to the levels in Europe"($6-$8/gal) - Barry O'Dumbo's Energy Secretary, Steven Chu
O-BA-MA! O-BA-MA! O-BA-MA!
I'm off to my local caucus to try to became a delagate on the third. Anybody here jumping in? It's all well an good to talk about RP but we need boots in the trenches people.
What energy source do you use to compress the air?
I need one of those
Whatever became of this?:
Japanese Company Invents Water Fueled CarThis technology was superseded by the motorcycle that runs on unicorn piss! PA-LEEZE!
compressed air vehicles bitchezzzzzzzz.......
http://www.gizmag.com/compressed-air-car-set-for-us-launch-in-2010/8896/
Must be some serious PSI...I wonder what happens to the little plastic car when the tank gets punctured in an accident
Carbon-fibre reinforced plastic tanks don't explode the way steel ones do when compromised; hopefully that is the way they are going.
I hope so, or it will be "tata!"
the air leaks out if the tank is punctured...what did you think would happen?
compressed air as a kinetic energy reclamation mechanism isn't actually all that new
With a common steel air tank, if the valve stem gets sheared off, the tank becomes a projectile that can punch thru a cement wall.
http://www.youtube.com/watch?v=ejEJGNLTo84
A sheared tank would give a nice 0-60mph rating.
vehicle A
0-60 - 6sec
with a sheared tank - 3 sec*
* DIRECTION OF MOVEMENT MAY VARY
@redpill---hindenburg bitchezzz.....
compressed air is NOT Hydrogen gas. see above for MythBusters example of air tank with sheared off valve stem. With a steel tank, if the metal gets punctured, it could make ALOT of shrapnel.
I'm pretty sure the risk of shrapnel is removed by using carbon fibre reinfocred plastic tanks, but the valve stem shearing issue would need something else, like safety vents on the tank to vent the air thru multiple holes to prevent directional thrust, and to reduce the thrust.
So what you are saying is, more Coal power plants?
I'm guessing they meant 100+ MPG cars, not 100+ MPH cars.
"I'm guessing they meant 100+ MPG cars, not 100+ MPH cars."
Probably so. Cars that travel 100+ MPH have a nasty habit of running into fixed objects... like a Kentucky Fried Chicken store in Washington D.C.
http://www.dailymail.co.uk/news/article-2104381/One-dead-injured-woman-c...
For the stereotype of the day read the article as to which road the BMW careened off.
pods
All roads are going to be named that. I just saw that I65 Louisville is called that. Coming soon to all the streets near you.
The driver being drunk and not buckled are bigger factors in her death than going 100 MPH, although if she was on a Big Wheels doing 5 MPH she likely would have been fine, so it is still a factor.
Written in 2008, to be launched in 2010...
If you have not seen by now a US citizen banker drive around with that, in spite of all bonuses...
According to the article, which was written in 2008, they were supposed to hit the streets in 2010. It's 2012, so where are they?
They're being stored in the same warehouse that the government stores the Ark of the Covenant. Right down the aisle are the light bulbs that last 100 years.
The website for Zero Pollution http://zeropollutionmotors.us/ (the distribuor for those cars) is a dead link - Solyndra-ized?
Watch out for those biker fags in assless jeans there BLOTTO!
Yes, elst you end up as that skinny blonde catamite on the back of bennett's (from commando) bike in mad max.
Yeah, driving my solar-charged Volt around to find gas for my chainsaw and tractor, that's it. Solar panels and electric cars, bitchez! (and oh yeah, don't forget the shiny)
Actually, those electric chainsaws work pretty well if you can bring a power source near enough...mine does, anyway. It'll run off an inverter I installed in the Volt, or a 98 cc honda generator/inverter - not much gas used per tree in the latter, and a lot quieter.
you just committed sacrilege talking about using a fkin electric chainsaw...your man card is hereby revoked
Electric motors can produce a shitload of torque.
Here's a V8 powered chainsaw link
Using a gasoline powered electric generator to power an electric chainsaw?! That's the height of efficiency right there.
I cut trees for a living and the only time i have ever seen an arborist grab an electric chainsaw was during a demonstration where they brought a huge tree trunk indoors to showcase climbing techniques. Electric chainsaws are not a viable substitute to a a large saw or a climbing saw. On my land i have 50 gallons of gas i rotate and mix oil for all of it just for my saws just in case. Gas powered chainsaws have my vote as one of mankinds best work and time saving inventions ever. running a generator to power a saw has got to be very inefficient compared to using that same amount of gas in a powerhead
The idea of a giant bald guy holding chains in ass chaps chasing me down does not appeal to moi.
lol.
It sure is a scary thought though.
However, that would be the 1st guy to get the bullet - the giant bald headed leader fuck.lol.
Screw you guys, I've got the last of the V8 Interceptors!
(Actually, got a Volt, 5600mi in less than 19 gallons, bitchez!)
Hmmm, drove 1000 miles in my Nissan Leaf for 27 dollars. At least that's what it costs when my solar panels are at peak efficiency.
"We are going to be driving around in our GMs, Ford... Honda's and Toyota's looking for gasoline."
And we will be towing them behind horses. Might be a good time to reopen that buggy whip factory.
you mean the jewish ones, right?
Please tell me why I should care that the White House released a statement about the cost of gasoline? Or for that matter, why the WH should care if health care plans don't cover oral contraceptives?
The WH cares about the price of gasoline because Candidate Zero said he wanted to make our energy more expensive, so they have to monitor it.
The WH cares about health care plans covering contraceptives because they a) want to control everything, and b) because the next step is to make contraception mandatory if you didn't graduate from an Ivy League college or university. Unless you're here in the U.S. illegally, in which case you can have an anchor baby or two.
Wasn't gas under $1.90! When Obama took orifice?
Yep, but obama is only half done, thats why he needs a second term. He wants gasoline at Euro prices 8-10 bucks a gallon. 4 more years!
Actually, as someone NOT found of govt, I think he did a wonderful job. Massive debt due to illegal wars abroad and for starting the bankster revolt. Perfect storm started by the ex-Yale cheerleader! Go Team!
Inflation and it's going to backfire soon.
Damn you Bush, Cheney, and Halliburton.
We need to have another stimulus, only this time make it big enough to work, like say $5 Trillion.
This will lead to millions of shovel ready jobs and break the back of BIG OIL. Gasoline prices will drop as will Unemployment.
"The only solution to the debt problem, is more debt"
P. Krugman
Nobel Winner
Economist
Professor
NY Times Blogger
Ivy Leaguer
Genius
and All-Around Douchebag
There is no Nobel Prize for economics.
It is a prize given out by the Swedish Central Bank in honour of Alfred Nobel.
https://en.wikipedia.org/wiki/Nobel_Memorial_Prize_in_Economic_Sciences
Your odds of winning are increased these days if you are a money printing fan.
Wow. Thank you.
I had no idea!
Now Krugman's prize makes every bit as much sense as Ben Bernanke's appointment. Biggest value to the purveyors of the monetary status quo.
The only shovel-ready job I'd like is digging graves for all the idiots, usually identified as having a 'D' or 'R' after their names, that got us into this mess. I'd come out of retirement for that opportunity.
Well... for everyone who thinks/believes that "growth" is the answer. For all, this track WILL lead us to the grave...
E.T. connaisseur ....
... and freaking humanist praying for an Armmageddon to boost his Keynesian Recovery ®
He should start singing with McCain & Netanyahu in harmony:
BOMB_BOMB_BOMB.... BOMB_BOMB_ IRAN ...
( two bricks to crush his balls to give him an nice soprano ... )
___________________________________________________
How about easing the gun permits in NJ ?
OK, maybe y'all can help a brother out here. It seems to be the position of ZH and its rabid legion of commenters that a) Obama and his puppet The Fed (or vice versa) is manipulating the stock market by various nefarious maens, and b) Goldman & JPM and all the rest of TPTB are suppressing the "true" price pf gold and silver via CFTC shenanigans and naked shorting and that bitch Blythe who knows what else.
Presumably, all this is done for political gain. Or the gain of Warren Buffett and the Rothschilds and the Freemasons and the sinister 1%. And they're basically the same reason: to prop up the fiction that fiat currnecy is just as good as real money. So they - TPTB - can snap up _all_ the hard assets and he - Jam Master Barry - can win re-election before TSHTF. That about cover it?
So now everybody and his brother "knows" oil is going to $150, gas is going to $5, blah blah blah....which would seem to be counter to the immediate interests of TPTB and BHO. If "they" can manipulate worldwide stock markets, and "they" can manipulate the worldwide price of PM's, which must be *pretty hard* to do....why can't they suppress the price of oil in an election year?
from the guy that said we need $5 a gallon gas....? more like making good on a promise.
"why can't they suppress the price of oil in an election year?"
"they" can ...
the thing is, the higher and faster that prices go up now,
the quicker and deeper that they can drop them back down ...
and american voters have terrifically short memories....
wait til around September and then they will announce an emergency and release a few barrels from the strategic reserve ... and Jamie Dimon will add to it by bringing one or two of his extra tankers into port ....
the americans will be so bloody thankful ....
Rachets, FTW!
The answer is quite simple. The main purpose of recent Fed monetization is to keep interest rates low and fund the U.S. federal budget deficit. However, that same monetization is causing oil prices to rise. The Fed/Obama administration can't have it both ways. The only other way to cause a drop in oil prices without letting interest rates rise to their equilibrium level would be through demand destruction, but that implies a nasty recession, which wouldn't be good for Obama in 2012.
DING DING DING .... winner winner chicken dinner!
That Elvis is one smart dog.
We already have demand destruction, no workee no drivee.
Amerians using the same amount of gas as 2003.
You haven't read enough ZH if you don't realize that TPTB don't care who is President, it doesn't matter, both parties are puppets.
The boost of simple solutions fer the TPTB in €U is even greater. The crooks that fuck 500 MM ppl. in the arse r cheaper, and the sheeple don't have guns ...
Camo is much better, all the colours you can imagine, all the same shit ....
I'm thinking oil at these levels is EXACTLY what Wall $treet and TPTB want - at these prices, all the petrol alternatives are in play. Tar sands and shale are F'ing dead in the water with oil at 60$.. Americans are slowly being acclimated to accept high energy, zero growth, temp jobs, low wages,sack lunches, and home cooked meals. Last time high oil caused Main Street finances to fall off a CLIFF, and oil went down - the current economic state is 'acceptable' due to transfer payments, food stamps, and OWS taking a winter break. This is a managed collapse. Normally one would expect oil market weakness and you can bet China is NOT HAPPY subsidizing gas at these levels. Peak oil is real, but when have market 'investors' had enough foresight to look out 5-10 years?!?! (it's not in the HFT programming).
Pretty soon the double-dip (or Great Depression v2 leveling off) is going to be impossible to mask.. The economic engine is broken yet the Fed keeps adding gas - Their 'PhD' curiosity is going to get the better of them and central banks are going to print like $%^&* to prove their thesis - in effect looking into the gas tank with a match.
Just because all those a-holes you mention are trying to take the whole pot - doesn't mean they're always successful. Besides the G20s, G7s, and Sunday-night solutions you can bet these fucknuts are on each other's speed dials in one massive collusion-circle-jerk of incestuous greed and santorum.
Cause they're flat broke, and single "bussiness" is a fuckin' fraud.
BTW: Gasoline price has absolute nothing to do with 6 months cornering of the brent, and Carlyle Group expansion of a BS. ( Libya, greets to half brother of french Göbbels sitting on the board of directors of CIA & Saudi pigs hedge fund ).
Actually, everything is broken, and according to the industrial production decrease, crude should cost about $82 a barrel, worldwide.
Me no clue, but I've red the screenplay and live it 32 years ago, when our world dissappeared, thanks to Reagan and the fundamental borderliners ...
Schadenfreude long, bitcheZZ !!!!!! Feel the luv ....
It's not DIRECTION that's important, it's getting the JUMP, the INSIDE INFORMATION that is key.
I'd think that those who have a handle on all of this KNOW that if they crush demand too much (increasing unemployment and increases in other KEY stuff, like FOOD) that people aren't going to be able to keep those prices held up there.
WH admits they are a sock puppet, and would like to invite all of America over for some burgers and cake.
White house spokesman Carney... nuff said..
They should give him a clown car and a bear suit and one of those funny hats the bears wear.
And pixie dust. Lots and lots of pixie dust to spread around the global Tilt-A-Whirl we're calling the economy.
PS
Swearengen - every one of your posts should end with 'cocksuckerz' in place of the usual ZH 'bitchez'. Just my two bits.
Done and done you cocksucker(z)!
Give the bear a break. At least he trys to prevent the burning beforehand.
You talking about the forest fire one?
Or the hundreds of them that congregate outside of the "Cash for Gold" joints?
pods
There are only one or two at a time lined up at the "Cash for Acapulco Gold" joint. Or was it "Acapulco Gold joint for Cash"? I'm a bit confused right now, but I don't care.
I always find it interesting that the white house spokesman is named Carney. How appropriate
Yea well, Canada can one up you 'Merikan types.
Carney is the name of our head central banker. Carney's runnin the bank... sounds about right.
OH HAI!
Sorry, just got off the phone with The Bernak, seems as though we missed the Ctrl +P seminar, so was getting caught up to speed. i guess we've fallen behind in the race.
more appropriate still, if his name was asshat.....i notice you are channeling him in some way...
Carneys. Circus folk. Nomads, you know. Smell like cabbage.
Small hands.
stir, crush, chop, mix, puree, liquify.
I blame swamp people.