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Oil, Oil, Bubble, Bubble, Toil Toil, Trouble, Trouble: Redux

By   Follow Me on Twitter     Message Professor Emeritus Peter Bagnolo       (Page 1 of 2 pages)     Permalink    (# of views)   No comments

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Oil, Oil, Bubble, Bubble, Toil Toil, Trouble, Trouble
1st Published October 26th 2006, At http://Bagnolosprophetics.Blogspot.com and back now by popular request!

There Is A Best-Kept Secret About Iraq. Iraq Sits Upon The Largest Sweet Oil Reserve In World. Sweet Oil Is So-Called Because It Can Be Drilled, Processed And Shipped For Between $1.00 And $1.50 A Barrel! Yes, A Barrel! That Is Sweet, If You Own The Oil Company.

Yes, there Is A Best-Kept Secret About Iraq. Iraq Sits Upon The Largest Sweet Oil Reserve In World. Sweet Oil Is So-Called Because It Can Be Drilled, Processed And Shipped For Between $1.00 And $1.50 A Barrel! Yes, A Barrel! That Is Sweet, If You Own The Oil Company. However, That's Not Why We Went To War, Is It? It's Not That Same Attack Iraq And Steal-The-Oil Plan, Which Neo-Fascist Republican Leaders (Called The Crazies By The Bush Senior People) Saw Rejected By Bush Senior Before Desert Storm Is It? Nor Is It The Same Plan President Clinton Rejected In 1992, Right? No Way! Is That Why They Impeached Him? Cannot Be Because That Would Be A Conspiracy Theory!

Never Mind That Everything Which Ever Happened From Before And Including David’s Setting Up Of Uriah In An Ambush, So He Could Marry Bathsheba, To The Crucifixion Of Jesus, To The Japanese Attack On Pearl Harbor, To Price Gouging In The Oil Business, To The Bhopal Disaster, To The Enron Disaster, The Cigarette Cancer Cover-Ups, To The Vote Fraud Of The Last Two Elections, To Ascension Of Fascists Into Top Government Positions, To The Disastrous Patriot Act And The Near Worse Military Commissions Act Of 2006, All A Part Of The Plan To Silence Dissidents And Destroy Democracy In America In Favor Of The Currently Expanding Dictatorship Of The Bushites, Plus Countless Criminal Actions Which Are Ignored By The Sec, The FDA And Other Regulators, But Brought To Justice Only By Heroic Class Action Lawsuit Attorney's, The Only True White Knights In America.

All The Scandals We Hear About Every Day-They Were/Are All Conspiracies. Anything And Everything Except Acts Of God Are Conspiracies.

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Without Conspiracies, Most Corporate CEO's Could Never Figure Out How To Make An Illicit Profit Or Screw The Public, Because They Aren't Smart Enough To Make Money The Old Fashioned Way, By Honest Labor. One Does Not Rise Through The Corporate Ranks With A Rep As A Whistle Blower Or As An Honest Maverick, But Only As A Sycophant, Who Plays Ball-That Is Unless You Are So Damned Good At What You Do They Cannot Afford To Let You Go And Are Afraid Not To Promote You-But Though This Is A Rarity, I Know Some People Who Fall Into This Category.

They Impeached Clinton Over A Sex Scandal And Lying About It, Wasn't That It? I Know Fascists Have Never Been Very Good At Sex And Have Always Envied Dems Because They Always Find Better Looking Mistresses And Have Way More Fun With Them, That I Can See, But Cheap Oil, Naw!

In Iraq Before The "War" To Iraqi Citizens, "The Evil Empire" Sold Gasoline At $00.05 A Gallon Retail At The Pump. Yes, Five Cents A Gallon.

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In Venezuela, Which Has Not So Sweet Oil, Because Their’s More Difficult And Expensive To Process, It Costs A Few Cents More To Process That Gunk, So They Have To Sell It At The Inflated Price Of $00.12 A Gallon At The Pump-Retail To Venezuelan Citizens.

Yup! So Why Was Ours Selling At $3.85 A GALLON? What A Stupid Question, Ask The Messianic President That Question! It's Easy, He Would Say, The American And Brit Oil Companies Wish To Protect Their Countrymen Against Deflation, While The Iraqi And Venezuelan Government Wants To Expose Their Citizens To Deflation, Isn't That Terrible, How They Treat Their People? Well, That Makes Sense If You Have A Pea Brain. Whoops Who Else Would Vote For A Republican Now Days. Below Is A Breakdown On What Comes Out Of A Barrel Of Oil.

What A Barrel Of Crude Oil Makes.

Product Gallons Per Barrel-The Processing In America Of Crude Oil, Actually Gains A Bonus Of 2.2 Gallons Making The Traditional 42 Gallons Into 44.2 Gallons. Here Is How The 44.2 Gallons Breaks Down

Gasoline-19.5, Distillate Fuel Oil 9.2
(Includes Both Home Heating Oil And Diesel Fuel), Kerosene-Type Jet Fuel 4.1, Residual Fuel Oil (Heavy Oils Used As Fuels In Industry, Marine Transportation And For, Electric Power Generation) -2.3, Liquefied Refinery Gasses-1.9, Still Gas-1.9
Coke-1.8, Asphalt And Road Oil-1.3, Petrochemical Feed-Stocks-1.2, Lubricants-0.5, Kerosene-0.2, Other-0.3

As many others and I said back in 2002. It is important to note that "Sweet Oil", of which Iraq has the largest cache', has some startling production costs. Startling because the Production costs are off the charts, in the direction opposite from that which one might expect.

Ready? It costs, to bring TO THE PUMP, gasoline, $1.00-$1.50 a BARREL! That's right, not a gallon. But a BARREL!

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American production expertise raises the barrel gallon content from 42-44.2 gallons per barrel. 19.8 gallons of which make auto fuel. The rest is priced by use. Auto fuel is marked up 8800 times. That is also correct: Eight thousand-eight hundred times! That is the PROFIT margin!


Each auto fuel gallon costs almost 9000 times less than we pay for it at the pump that is nine thousand Times. There is nothing else on the planet that makes that kind of profit. For less crime than that people are hung. That means that a gallon costs just TWO CENTS, after production and delivery. That is why Iraq could sell it to their citizens for $00.05 a gallon before the war! And why, right now, Venezuela is selling gas at the pump at $00.12 a gallon at the pump. Of course, they have course oil which costs a little more to process, less than a nickel more per BARREL.

I say nationalize the oil companies and turn production over to the Universities to manage.


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Professor Bagnolo has majored in: Cultural Anthropology, Architectural design, painting, creative writing. As a child prodigy, abed with polio for almost two years, he was offered an opportunity to skip three grades at age 8.
Later He was a (more...)
 

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