Thursday, July 5, 2012

BloggeRhythms 7/5/2012

Quoting the Associated Press, New York, on Tuesday, Chris Kahn  of Bloomberg BusinessWeek News on-line wrote that “Iran is again threatening to block a critical Persian Gulf shipping route in response to a European embargo of Iranian oil. Iran has sparred for months with the West over its nuclear program.”

Kahn then reports that “Benchmark U.S. crude added $3.91, or 4.7 percent, to end at $87.66 per barrel in New York. That's the highest price since May 30,” and that “combined with a big gain on Friday, oil has risen by nearly $10 per barrel in less than a week. (and) The national average for gas rose slightly Tuesday to $3.30 per gallon, the first increase in more than two months.”

I mention this while realizing that international hostilities should certainly be important to us, however, why should our gasoline prices rise when we possess more domestic oil resources than we’d know what to do with? Yet lobbies and special interest groups prevent us from utilizing them, despite unemployment’s continual unacceptability. Meanwhile,  we spend outrageous sums overseas, enriching foreign speculators and cartels that do absolutely nothing for us whatsoever.

And the most important point of all is, as every day goes by it becomes more apparent that the whole environmental issue is basically bunk, and the petroleum manipulation’s almost purely political. Consequently, I have to wonder when the majority of our population will wake up and demand that this problem be fixed.

Because, no matter who’s elected next time around, our paying two to three times more for fuel than we should isn’t only outrageous, the perps responsible for this rip-off should all be locked up as well.

That’s it for today folks.

Adios

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