Business Magazine

Thursday Thump – Yucky Euro and the Oil Slick

Posted on the 16 June 2011 by Phil's Stock World @philstockworld

$WTIC WEEKLYGood golly what a mess!  

I hate to say I told you so but…  Oh wait, no, I’m actually loving this…  I TOLD YOU SO!  Look at July 2008 and look at June 2011.  Now, look at July 2008 and look at June 2011.  Now, look at where oil USUALLY trades.  Is it over $100 or under $80?  You don’t want to go back further because then the case could be made for under $60.

Wages have not gone up (adjusted for inflation, since 1973), home prices have not gone up (since 1985), stocks have not gone up (since 2006) – just oil and gold and silver and other stuff that greedy rich bastards like to hoard in hopes of making themselves even richer – even though it comes at the expense of EVERYONE ELSE IN THE WORLD.  

One of the protesters in Greece had a sign that said Prime Minister George Papandreou was "Goldman Sach’s employee of the month" – now THAT’s a good insult!  At least it indicates that the Greek people UNDERSTAND how they are being screwed over while it’s the Americans who are bending over and taking it from the Banksters without complaint.  

Thursday Thump – Yucky Euro and the Oil Slick
I’m not going to get into it again but WHO pays that extra $30 a barrel for oil?  The bottom 99.9%, that’s who.  Sure The Donald also pays $4 a gallon when he gasses up the limo and he also pays double to heat his gigantic homes but a full tank in the limo is $120 while the prix fixe at Masa is $450 per person for Donald’s lunch so I doubt he’s as worried as you are about a tank of gas.  The American people are having $1.5Bn PER DAY extracted from their wallets at $4 per gallon, which is $547Bn a year and Globally that’s $2Tn spent on gasoline alone.  All that money is/was disposable income that is being directed AWAY from other parts of the economy. 

Add in the heating oil, natural gas, oil products (rubber etc.) and all the pass-through energy costs from manufactures and we’re up to about $5Tn, nearly 10% of the global economy going up in flames to enrich perhaps 1,000 oil men (and some of those men fund terrorism with their profits) and the speculators who shove the prices higher.  THEY ARE DESTROYING THE WORLD!  And it shouldn’t be the people who rally against these bastards – it should be the other businesses, whose customers are being robbed of their disposable income before they can even drive to the store.

Thursday Thump – Yucky Euro and the Oil Slick
Sure Exxon, for example, spends $30M a year lobbying to make sure this game continues to be played their way and they should – because XOM sold $400Bn of that $5Tn last year, so what’s $30M to make sure oil stays as high as possible for as long as possible?  WMT took in $104Bn in revenues and it could have been $120Bn if their customers didn’t leave it at the gas station on the way to the store – why don’t they wake up, get together with other consumer companies and hire their own lobbyists to help end commodity speculation and put a stop to this National disgrace?  Just a thought (and one I encourage you to pass along by sharing this article with others)…

 

IN PROGRESS

 


You Might Also Like :

Back to Featured Articles on Logo Paperblog

These articles might interest you :

  • One Week

    Week

    It's been just over a week since we landed in Tashkent. The trip was uneventful, other than William acting like a typical 17-month old baby and keeping... Read more

    The 15 July 2018 by   Sherwoods
    FAMILY, PARENTING
  • Not Quite Eschatology

    Quite Eschatology

    Realized eschatology, if you’ll pardon my French, is a term that describes the “already/not yet” aspect of the “end of the world. Read more

    The 15 July 2018 by   Steveawiggins
    POLITICS, RELIGION, SOCIETY
  • 8 Lessons From The Field On Building A Premier Brand

    Lessons From Field Building Premier Brand

    Every new business dreams of becoming the premier brand in their space, like Starbucks is to coffee, and Apple is to consumer electronics, but they have no... Read more

    The 15 July 2018 by   Martin Zwilling
    BUSINESS, CAREER
  • Superhero Doll Hopes to Help Young Black Girls Beat Low Self Esteem

    Superhero Doll Hopes Help Young Black Girls Beat Self Esteem

    FirstLadyB | B Inspired By Entertainment News Young black girls battling lo... Read more

    The 15 July 2018 by   Firstladyb
    SPIRITUALITY
  • 5 of the Best Places in Glasgow for Ice Cream

    Best Places Glasgow Cream

    62 total views, 62 views today 5 of the Best Places in Glasgow for Ice Cream Whether it sunny or dull a “pokey hat” will always bring a smile to a face.  Here... Read more

    The 15 July 2018 by   Emma
    DESTINATIONS, DINING OUT, FOOD & DRINK
  • GoGoHares!

    GoGoHares!

    Following the flight of camp dragons, the parade of vivid jumbos and the troupe of panto gorillas in our midst comes an assortment of big-eared, bright-eyed... Read more

    The 15 July 2018 by   Jackscott
    DIARIES, EXPAT, SELF EXPRESSION
  • Brew the Perfect Iced Tea by TE-A-ME

    Brew Perfect Iced TE-A-ME

    Be it any season, staying hydrated is important and what better way to do so than by enjoying a nice cold glass of tea. Yes, make your water interesting by... Read more

    The 15 July 2018 by   Dr.jenifer Sayyed
    LIFESTYLE

Magazines