When will it be ALL GONE?

[suspectnumber961]

Gas prices at the pump have gone up LESS since 02 than the overall basket of goods when inflation is defined by ShadStats.

But then due to ethanol...there is a cost there that is shifted from gas to food? You pay less for gas...more for food?

There is a very high subsidy for oil...a Trillion $ for the Iraq war?

Then there are other subsidies for the oil industry.

Pay for your gas in gold?

Chart: Gasoline price relative to gold | B.S. Footprint



.....

As mentioned above.....WATCH THIS VIDEO.....

https://www.youtube.com/watch?v=swkq2E8mswI

[Christ]

Originally Posted by suspectnumber961

Gas prices at the pump have gone up LESS since 02 than the overall basket of goods when inflation is defined by ShadStats.

But then due to ethanol...there is a cost there that is shifted from gas to food? You pay less for gas...more for food?

There is a very high subsidy for oil...a Trillion $ for the Iraq war?

Then there are other subsidies for the oil industry.

Pay for your gas in gold?

Chart: Gasoline price relative to gold | B.S. Footprint



.....

As mentioned above.....WATCH THIS VIDEO.....

Lest we forget that the price of gold is also speculative, since there hasn't been a Gold shares audit in years.

Chavez did it right commanding his country's Gold wealth be brought back to home land, and Germany's following suit, repatriating 50 million ton (I believe) per year and forcing audits of their foreign held Gold supply.

Just wait for the halestorm when speculative investors and "gold share" investors (owners of non-physical gold rights) realize their investments just "aren't there" to collect...

Worse yet, watch the melt price of gold SKYROCKET in the next 10 or so years as more countries repatriate their gold supplies from foreign Banks and subsidiaries and realize that some part of their "share" of national wealth had actually been shared between other countries, and some other part of it may have just "vanished".

Copy this post and put it on your fridge. It's GOING to happen.

[mwebb]

since the value of gold is speculative
and
since currently
oil trades in dollars

and the dollar value is plummeting and has been since 1913 due to the policies of the
entity known as the Federal Reserve , which is not
"federal" at all, it is in reality

a foreign bank, a foreign enemy of America and the USA

controlled by those who seek to foist the NWO on us and everyone else on the planet

what is the non variable in the equation ?
how do you compare these items without something that is a constant ?

the war has already begun
we just have not started fighting back
yet

[Christ]

Originally Posted by mwebb

since the value of gold is speculative
and
since currently
oil trades in dollars

and the dollar value is plummeting and has been since 1913 due to the policies of the
entity known as the Federal Reserve , which is not
"federal" at all, it is in reality

a foreign bank, a foreign enemy of America and the USA

controlled by those who seek to foist the NWO on us and everyone else on the planet

what is the non variable in the equation ?
how do you compare these items without something that is a constant ?

the war has already begun
we just have not started fighting back
yet

I just gave up and stopped using money for the most part. I have plenty of "stuff", and I'm fairly well prepared for a financial collapse.

Of course, I'm a bit of a pessimist in my preparation techniques. I just prepare for the worst thign I can think of... then go overboard on it.

I still deal with money, but very little. Usually when I need something right now that I can't wait for the deal to come along, I go to the store and buy it. Then I sell somethign else to recoup that cost.

It's why I can't keep projects around. They always get sold.

[freebeard]

entity known as the Federal Reserve , which is not
"federal" at all, it is in reality

a foreign bank, a foreign enemy of America and the USA

Not Federal, you are right; but not 'foreign':

History of central banking in the United States - Wikipedia, the free encyclopedia

Of course, I'm a bit of a pessimist in my preparation techniques. I just prepare for the worst thign I can think of... then go overboard on it.

Thermonuclear war?

Where being prepared long term falls apart is medicines, they have a shelf life.

[NeilBlanchard]

We are already in the middle of the biggest threat to humankind, and we are causing it - anthropogenic climate change.

We are causing it - so we can stop causing it. That's what I am concentrating my life on.

[cujet]

As an Ex "oil man" who worked for a major oil company, this is not at all accurate with regard to oil and natural gas. There are staggeringly large known deposits. The numbers easily exceed one century of known reserves.

[freebeard]

So we can pump oil until the skies turn black. Should we?

[Allch Chcar]

Originally Posted by suspectnumber961

Gas prices at the pump have gone up LESS since 02 than the overall basket of goods when inflation is defined by ShadStats.

But then due to ethanol...there is a cost there that is shifted from gas to food? You pay less for gas...more for food?

The cost of corn is minimal compared to processing and manufacturing costs. Remember that it's a raw input at a cost of pennies a pound($8 a bushel is 14 cents a pound of raw corn). Energy is the largest input next to manufacturing costs. I seem to recall a graph that said 40% of food costs were energy, which means fossil fuels.

I managed to find a mention of this on a recent Forbes article but a direct source might take a bit more work, if you're interested. Not the best source IMHO.
The Coming Food Crisis: Blame Ethanol? - Forbes

When you pay $1 for groceries at the supermarket—out of that $1 only about 12-14 cents goes to the farmers that produced the commodities that went into the foods that you buy. About 35 cents goes to pay for energy to make, transport, process, and preserve the products. If the price of oil goes up—so will the price of the food you buy—-and about 3X faster than it will if the price of the base commodities increases. ALL foods—not just some.

So it looks like 14% is raw commodities and 35% is energy.

[niky]

Originally Posted by cujet

As an Ex "oil man" who worked for a major oil company, this is not at all accurate with regard to oil and natural gas. There are staggeringly large known deposits. The numbers easily exceed one century of known reserves.

One century for America, or one century for the entire world? There's a big difference there. Don't know about you, but I worry about whether my great grandkids will get to hear a V8 in their lifetimes.

And there's a big difference in the economical price of extraction for all those reserves, too.

Then again, people can and do get used to high oil prices. As long as the economy grows. Sucks for Europe, but you can't make an omelet without yada yada yada...