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September 27, 2008 at 16:32:41

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Fortune Magazine Reveals Why There Is A Gas Shortage - And Warns It Could Get Worse!

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By William Cormier (about the author)     Page 1 of 2 page(s)

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For OpEdNews: William Cormier - Writer

Yesterday, without headlining the article or giving it the attention it deserved, CNN published an article from Fortune Magazine that offers reasons why our gas shortage in Metro Atlanta and other areas is so severe - and why it could get worse and cause food shortages in the affected areas, which could easily widen:

Gas shortages: get ready for more

The long lines and closed pumps seen across the South this week are a warning: inventories are way too low.

By Brian O’Keefe, senior editor
September 26, 2008: 1:29 PM ET

In its most recent Weekly Oil Data Review, Barclays Capital pointed out that the U.S. gasoline inventory has reached its lowest level since August 1967, when demand was a little more than half its current level of 9.3 million barrels a day. At 178.7 million barrels, inventories are 21.6 million barrels below their five-year average.

“Our system is so fragile,” he told me recently. “All you need is a tiny change to go from ‘Oh, we’re in fine shape’ to an unmitigated disaster.”

Simmons points out that the gasoline weekly stock reports have been trending sharply downward since last winter (with a brief upturn in the spring), and that even before Gustav and Ike we were in “just in time” supply mode.

That’s why he worries about a top-up catastrophe that could cripple the trucking industry and disrupt food deliveries.

As he told me the other day: “If we end up having gasoline shortages, the odds are about 90% that Americans will do what we always do: We’ll top up our tanks. And in topping up our tanks, within three or four days we’ll drain the pool dry and then within seven days we’ll run out of food.” (Emphasis added) MUCH MORE, MUST-READ ARTICLE!

Now that we know “why” the gas shortage has been so severe and appears to be getting worse, we must ask ourselves how we got into such a short supply in the first place - and how do we get through this without making it worse to the point where it affects food deliveries, a crisis that could be brewing that could easily cause widespread panic and help to usher in martial law. Many of us have been attempting to understand why the 3rd Infantry Division’s 1st Brigade Combat Team has been assigned to duty within the continental United States; however, as Team Bush has clearly demonstrated these past few days, they have known about our financial implosion and sat on it, developing bailout plans to protect the corporations and wealthy, all the while assuring the general public that the “economy was strong.”

This is an evil administration that makes contingency plans for our eventual financial collapse and plots how the fascists can benefit from our collective misery, all of which could easily come to a head before the November elections. Now that we know our gas supplies are razor-thin, and for now, are not enough to supply the nation - we must also grasp that this is a situation with huge national security implications, and you can bet your last tank of gas that Bush and his co-conspirators are aware of, and will use this added “crisis” to their advantage. Len Hart nailed it down when he wrote:

Evidence that Bush Will Exploit ‘Crisis’ to Declare Martial Law

Add a growing gas crisis to an economic implosion that is shaking the world’s financial markets, and anyone who opens his/her eyes should be able to see how each and every event we are witnessing is the result of mismanagement and malfeasance in our government. We, as citizens, must ask ourselves some extremely brutal questions. Several Bloggers, myself included, have kept up with the flow of information and were able to predict this crisis well in advance of it striking. The evidence was everywhere, carefully hid from the public or watered-down by a complicit mainstream news media, but throughout the Internet, there have been warnings and calls for action that if answered, might have prevented our current crisis.

The very fabric of this nation is unraveling; one crisis follows another, and still, Bush and Cheney are entrenched in power when our situation today has been directly caused by the White House and their abject failure to govern our nation as per the rule of law. The people know that Bush’s 700 Billion dollar bailout plan (which really will cost far more than that…) is using taxpayer dollars to bail out private interests, many of who are being investigated - is nothing more than ripping off the taxpayer to help the wealthy and is “Taxation Without Representation.” All of us, deep down, know there’s a cancer in Washington that is spreading like wildfire. The body politic requires massive surgery to survive, and we need a “Presidectomy” to stem the flow of its treachery and hate for our constitution and the Bill of Rights. It’s time for Americans to react to this criminal tragedy that is unfolding and demand that Bush and Cheney resign from office and allow someone else to stand watch on a nation that is reeling out of control. Enough is enough.

William Cormier

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I am nothing more than a patriotic American that is doing whatever I can to further the cause of democracy, the rule of law, and am absolutely outraged on how the Bush administration is defying our Congress, the Constitution, and the Bill of Rights! (more...)
 

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Gas Shortage in Georgia- This is BS- and Scary by Cool Pillow on Saturday, Sep 27, 2008 at 4:55:40 PM
Gas Shortage in Georgia - BS - and Scary by eileen kuch on Sunday, Sep 28, 2008 at 1:36:39 PM
China told its national banks yesterday to by Stanimal on Saturday, Sep 27, 2008 at 11:33:41 PM
WHY NOT PUT IT IN GOD'S HANDS? by Wolfie on Sunday, Sep 28, 2008 at 12:50:54 AM
The elite's plan approaching final stages by Nfamous on Sunday, Sep 28, 2008 at 9:37:07 AM

 
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