Exclusive to OpEdNews:
OpEdNews Op Eds

Bush's Privateers

By (about the author)     Permalink       (Page 1 of 2 pages)
Related Topic(s): ; ; ; ; ; , Add Tags Add to My Group(s)

View Ratings | Rate It

opednews.com

"The only thing we have to fear, is fear itself. "
Franklin Delano Roosevelt


I remember back in the seventies and early eighties when it cost thirteen dollars to pull a barrel of oil out of the ground here in the States. In Saudi Arabia, it was only three dollars a barrel.

Now the world has seen crude at seventy five dollars a barrel. Every excuse known to man has been forwarded to explain this phenomenon.

Iraq, Iran, Hubbert 's "peak oil " prophecy, Nostradamus and about any other form of nonsense imaginable.

The problem is going to sink the US as a major world power if this doesn 't soon stop.

In 1973, OPEC agreed to trade petroleum only in US dollars. Seems this was the same year Nixon took the US dollar off the gold standard.


No longer was the US dollar backed by gold. It was worth whatever respect the world had for the US. Essentially, a handshake.

Now this wasn 't the first time the US currency was removed from the gold standard, but it is the most important and the most damaging.

Once again gasoline is over three dollars a gallon in many places in the US. For rich people, this is no more than a nuisance if that.

For most American 's though, despite the silence and inaction as the price of petroleum products reaches an historic high, these prices are murderous. For poor people, well the car gets parked.

The storage tanks in the US are full. This was the statement of a member of the Saudi Oil Ministry. Refining ability on the other hand is at another all time low.

Despite this Regime 's admission to pathetically low ability to refine the crude, not a refinery has been built in over 25 years.

This activity allows price gouging on an epic, historic scale. Now many countries the world over, are learning the bad habits of the US. Profit over People.

In fact, no one on earth knows how much crude exists. It follows then, that neither side of this debate are telling the truth, and therefore cannot be trusted.

It is fact that unless the US builds back the refineries it destroyed during the late eighties and nineties, this problem will never resolve.

If the "Crazies " as the people in the current Bush Regime were called during the Reagan years remain in control of anything to do with oil, this problem will only escalate.

Next Page  1  |  2

 

Mr. Bohne is a clockmaker and activist. He HATES the US Government, and without stretching the truth (reality) will do anything to dig up dirt on any of these bastards, as long as it's REAL dirt. "the first man to raise his fists, is the first (more...)
 

Share on Google Plus Submit to Twitter Add this Page to Facebook! Share on LinkedIn Pin It! Add this Page to Fark! Submit to Reddit Submit to Stumble Upon

The views expressed in this article are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.

Writers Guidelines

Contact Editor

Most Popular Articles by this Author:     (View All Most Popular Articles by this Author)

Whoever Controls the Oil, Controls the World.

A short burst on Bush's Alcoholism, including Dry drunk syndrome.

HOW MUCH MORE REPUBLICAN "PROTECTION" CAN WE STAND?

Just what "Democracy" are American's referring to?

God made 'em all, not just whites

America, Stupid and "Safe"

Comments

The time limit for entering new comments on this article has expired.

This limit can be removed. Our paid membership program is designed to give you many benefits, such as removing this time limit. To learn more, please click here.

Comments: Expand   Shrink   Hide  
No comments