And, in the midst of all of this, there is no shortage of Middle Eastern nations who would love to turn the United States into a stooge and manipulate us into doing their bidding. Some say that has already been done.
They point to the massive number of pseudo-Zionists in the current and past Bush Whitehouse as a major indicator that Israel has a lot of undue influence in the nation’s capital. But, nobody is really taking on the oil companies, whose record profits continue to drive their own accountants nuts.
Money does not sit still. Money makes money—that’s the foundation of the Western economy. And, as far as the oil companies are concerned, they literally have more money than they know what to do with. Unfortunately for the oil companies, industry experts say those profits cannot hold.
While many oil producing countries have oil ministries to invest their nation’s oil wealth, the conflicting forces of market prices and what the market will bear are fast coming to a head. According to MSN Money:
The economic effect of the latest surge in oil prices, which started to soar again this month, could be substantial. The rise could reduce consumer enthusiasm, particularly for lower-income Americans. Some economists think that if the price of crude oil closes at $90 or higher and stays there for a few weeks, businesses will start passing on their higher costs. (Money, 11-23-07)
Financial advisors of those countries, whose main export asset is oil, are looking to the future when it comes to their current investment strategies. The know that one day, there will be no more oil, and hence their investment strategy in both investing oil profits and marketing oil, is to prepare for the day when their oil revenues dwindle.
That doesn’t help the American consumer this winter. Record crude oil prices are passed down the line—from oil company, to gasoline wholesaler, to gas station, and finally, to you.
Because of transportation costs, everything you eat has risen in price. Your heating bill is higher, a lot higher, if you heat with oil. And, let’s not talk about the price of the stuff you put in your gas tank.
The price of gasoline and other refined oil fuels has gone through the roof with no end in sight. A friend in the oil business told this reporter that insiders are predicting that gas will hit $5.00 a gallon by March.
If that happens, the cost to the economy will be devastating. For many low-income workers on minimum wage, it literally will not pay to go to work—particularly for the part timers.
Which goes back to the old question: are we being played for fools? Is the American public paying for a war, which enriches oil companies, defense contractors and industry insiders at our expense? Is the US government being duped to support antagonistic, terrorist-supporting regimes because of oil?
Are we holding enemies close to our guts while they gnaw a hole in our innards?
What is the real threat of terrorism? Where does it come from? And, which is the greatest threat to the American economy: terrorism or oil industry instability?
1 | 2
