Why is it so ?
 

that a hurricane threatens US refining capacity (potentially limiting the ability to ACCEPT crude), and crude prices )including for the rest of the world) RISE ?

Market forces my arse.

Wells producing, a potential reduction in the ability to absorb those tankers en route, and the prices still go up.

And prices in Oz are predicted to suffer a 5c/l (4%) temporary price rise.

Sometime I believe that "the colonies" are being used to prevent/absorb price rises in the U.S., while still maintaining profitability.

Case In Point.
a few years ago, Oz dollar was 45c US. Oil was $37 US/bbl.

Peter Costello was on National T.V. pointing out that either $1 per bbl, or 1c/US dollar drop in outr currency was 1c/l at the bowser.

$1.00(Oz)+$0.33($/bbl)-$0.22(exchange rate) = $1.25(Oz). 12.5% goes back to Exxon Mobil, Texaco, BP and Shell.

Problem was that when it was $55US per Barrel, we were still paying $1.10(Oz)/l

Re: Why is it so ?
 

It's an absolute contrived scam and everyone knows it. Even the financial "experts", when pinned down and diverted from their standard media sound bytes, will admit that the current runup in oil prices is due to "fear and speculation".
A crisis is being manufactured in order to get the people rife for revolt, especially in the U. S.
That ol' debil Hegelian dialectic again. The conflicts are being manufactured in order to control the outcome.

Re: Why is it so ?
 

I agree.

I 2nd the motion.

I 3rd the motion.

Into infinity.

It's more even then a scam...it's an ongoing joke on the human race.

Re: Why is it so ?
 

Was Katrina a weather control experiment ? The Mississipi delta is the artery of exportation for most agricultural goods. If the river is blocked somehow, the whole harvest will be in danger.
Watch the looting in New orleans and the calls for Martial law...is this an experiment ? Where will they put the 1 million homeless people ? In internment camps ?
Hmmmmm...

Re: Why is it so ?
 

Yes...Hmmmmm...and Hmmmmmm and Hmmmmmm.

To convienent.

A good run up to the economic collapse.

Re: Why is it so ?
 

And let's not ignore more amazing coincidences...like this runup in oil prices occurring just after Congress passes a "reform" bill to eliminate bankruptcy protection for the overextended sheeple...all the possible avenues of escape must be cut off to get the masses to choose revolt as the only desperate option.

Re: Why is it so ?
 

Yes!!!! That bankruptsy law! That is a tipping point. You will have to work off your debt in work details. There will be NO escape!

Ooooo...it's closer than we think.

They have talked about the same thing here in Oz but have not moved on it yet.

Something has to give before the end of the year.

Re: Why is it so ?
 

Hmmmmmm!!!!

Brain food!!!

Refugee camps is how they described it last night on the news.

Too little, too late!

Experiment, you say. When the nation is watching, the world is watching a city drown and our President is leisurely vacationing and digging up worms at his Texas Ranch, it does make one wonder!!

They better never resort to Martial Law!!

Re: Why is it so ?
 

I have just received word from my brother that gasoline prices are going to $3.50 per gallon by the end of the day...that triples energy prices from a year or two ago. Of course, the hurricane is blamed.
The end is very near for we Yanks...good luck to the rest of the world.

Re: Why is it so ?
 

To late! Just said on the news. Local martial Law.

FREEMAN...have a guess what we Australians pay per liter...gallon?

Remember...we are a massive continent of 20 million people and a car is a nescessity...

$1.33 Liter

$5.30 gallon