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Why Gas Prices Are So High

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MorphCity on Apr 1, 2012

www.MorphCity.com

Gas prices soar.

US Oil Reserves:

http://oilprice.com/Energy/Crude-Oil/Why-is-Obama-Lying-About-US-Oil-Reserves

http://energyforamerica.org/wp-content/uploads/2012/01/Energy-InventoryFINAL.pdf

Federal Lands fuel production: More

IEA Oil Dump A Disaster In The Making

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Alt-Market.com

Brandon Smith

 

It’s amazing. In the wake of the 2008 derivatives and housing bubble collapse, created by the U.S. Treasury and the private Federal Reserve with engineered low interest rates and easy money designed to artificially pump up the economy after the effects of the dot-com bust, the faltering markets of 2000-2001, and the rapidly depreciating dollar, we have now seen these same entities pour Trillions, yes, TRILLIONS in fiat injections into every conceivable corner of the markets. They have spent incredible sums on toxic equities (worthless equities, and don’t let anyone tell you different) to “ease” the debt spiral, they have propped up almost every large international bank, they have propped up the Federal Government and the Dollar itself with sizable purchases of our own Treasury debt, and, they have even thrown money into the pockets of foreign institutions and corporate beggars. Keep in mind, that all the debt that these actions generate is eventually placed squarely in the lap of one group of people; the American Taxpayer!

They have manipulated unemployment figures. They have consistently released completely fraudulent CPI (inflation) figures based on calculations which neglect numerous factors that used to be counted only two decades ago. They have used coordinated naked short selling in precious metals markets to hold back the natural spikes in gold and silver values. They have blamed every negative development in the economy (that they could not hide) on extraneous circumstances and outside culprits rather than themselves. They have done all this, to conjure the illusion of recovery for an increasingly agitated general public.

So much tap dancing and snake oil selling, and all it took, was the pain of $4 a gallon gas to wipe everything away…Read more

WOULDN’T IT BE NICE IF OUR POLITICIANS WERE HONEST?

2 Comments

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Ron Turner
*OIL – you better sit down.* *..* *
Here’s an interesting read, important and verifiable information:
About 6 months ago, the writer was watching a news program on oil and
one of the Forbes Bros. was the guest. The host said to Forbes, “I am going
to ask you a direct question and I would like a direct answer; how much oil
does the U.S. have in the ground?” Forbes did not miss a beat, he said,
“more than all the Middle East put together.” Please read below.
The U. S. Geological Service issued a report in April 2008 that only
scientists and oil men knew was coming, but man was it big. It was a
revised report (hadn’t been updated since 1995) on how much oil was in
this area of the western 2/3 of North Dakota , western South Dakota , and**
*
*extreme eastern Montana …… check THIS out:* *
 *
The Bakken is the largest domestic oil discovery since Alaska ‘s Prudhoe
Bay, and has the potential to eliminate all American dependence on foreign
oil. The Energy Information Administration (EIA) estimates it at 503 billion
barrels. Even if just 10% of the oil is recoverable… at $107 a barrel,
we’re looking at a resource base worth more than $5..3 trillion.
“When I first briefed legislators on this, you could practically see
their jaws hit the floor. They had no idea..” says Terry Johnson, the
Montana Legislature’s financial analyst. More

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