McCain Green ? Dollar, Euro and Gas Prices / Are they Connected ?
This week John McCain stressed his green initiative when he was visiting the pacific northwest trying to get some play with voters who are undecided. I love the comment"Instead of idly debating the precise extent of global warming or the precise timeline of global warming, we need to deal with the central facts of rising temperatures, rising waters and all the endless troubles that global warming will bring"
It would be so easy tear this comment apart, word by word.. but Ill let that my readers.
I don't mean to pick on McCain any more than Obama or Clinton. The both support the BioFuel mess we find ourselves in..
Interesting news out of Saudi Arabia
Bush flew to Saudi Arabia to personally negotiate a deal whereby we give nuclear technology to the saudia's in exchange for increased oli production, and by proxy bring down the ever increasing gas prices we are all seeing
This article was published before the visit Then after the visit.. we all know Bush was not able to get any more production out of the Saudi;s and article after article don't mention the nuclear issues, only that bush was not able to get more oil produced. On the surface it appears as Bush suffered a very public loss to to all powerful Saudia's but what was said, was that price of oil is more complex than just pushing out more production.
This got me to thinking. A few years ago I read that the real non stated reason we invaded Iraq was that Saddam was threating to change the currency of oil to the Euro.. and Bush didnt want that to happen. We had to keep the major currency of the world to be the US Dollar and if one Rouge state was able to change the currency of their oil to be the euro others would follow and soon the US dollar would no longer be dominant currency and our banks and the fed would end up loosing power.
I didn't pay too much attention to that warning but in light of recent developments with the fall of value of the us dollar and increase in price of oil... I want you to look at a chart my brother and I created today.
The chart is for the past year.. with the price of oil per barrel and the value of the Euro vs the dollar.
It appears to my uneducated eye that there is some sort of relationship. I wish I new the price of gas in Germany or France.. I wonder if they have been experiencing anything like we have in the past year with the price of petrol going through the roof. ?
I know in Venezuela their pump prices have not gone up..They still pay $ 0.15 per gallon
Refineries seem to be at capacity in the US. I wonder, if what we are seeing now.. is not so much of price increase but a currency adjustment aftershock based on our own subprime meltdown ? It has been widely reported that the EU banks give better interest than US banks which is causing many large international investors to move their money from the US to Europe.
Did bush really get rebuffed (buzz word of the day) or did he really just negotiate with the wrong parties. ?
Should he really be working with our own FED and bankers in the EU to devise a way to strengthen the good old dollar. I wonder if that might make the difference at the pump that we all need ?
Torrent pick of the night is Peep Show Season 5 episode 2. Funnier than the IT Crowd.
Comments always welcome.
Bob Lee
posted by Bob Lee @ 6:58 PM
1 Comments:
Comment hhmm.
I only had time for a brief look but.
If you think the price of oil (or petrol on the forecourt) has gone up then it had here for ages as it was not subsidised in Europe. Plus we have high tax on petrol especially in the uk. So don't expect any symphacy from this side of the pond. You have all had it too easy and now its not. Maybe it was a real bad idea to invade anywhere let alone oil countries. Oil companies are also making tons of dosh ripping us all off but as you also have is a rise in price of things because nothing these days is local. Transport cost go up so does everything. I use diesel and the price here in France has shot up from just over a euro a litre to about 1.40 in little time. Its crippling as in France like the us everything is a distance away.
I don't know the answer on global warming other than in the past its been treated by the usa with ostrich like head in the sand "what problem" attitudes. No one likes being told to cut anything down and I suppose the attitude is it wont affect me in my lifetime so nuts. I want to drive 100 yards to the shop so I will. what me walk!!!.
If for no other reason the use of cars must be curbed, is for heath reasons. More and more asthma sufferers now and heart and breathing related problems. And I am sure this is the amount of cars endlessly wandering about all day and most the night. UK is like that. And some areas stink of fumes.
The euro will take over someday so don't fret. Its a time thing. It will get to the uk anyway that I'm sure of. Not just yet because the banks can screw people for pathetic exchange rates but it will happen when people realise that and the thing about retaining the pound because its British is rubbish. The pound went decimal in 1970 so it lost its pound shilling and pence statute then.
Anyway enough for now I need to take the car for a long run to get food and give some extra people asthma
Au biento
Allen
Post a Comment
<< Home