I don't know if anyone picked up on this, but oil in euros hit an all time high Friday. This is bad news for the already squeezed european economy.
Did you read that 20 or so Americans were killed when a suicide bomber blew up a "bus" in Kabul October 29? This monstrosity that looks like something out of Apartheid South Africa was actually what they were riding in. Don't forget that fuel in Afghanistan is costing our military (taxpayers) between $400 and $800 per gallon. What do you suppose the fuel economy of a Rhino is?
Can you imagine what one of these things costs? And we are told that we have no money for pensions or health care or highways or schools here in the U.S.? The crazy war spending is not even mentioned while our elected "representatives" like Senator Max Baucus put Social Security and Medicare on the chopping block! We need millions of people to flood the streets. Join the Occupy movement and support it any way you can!
This was posted on todays' Oil Drum. One of the commenters suggested occupying the Department of Energy to bring more attention to Peak Oil.
October 26, 2011
The Honorable Steven Chu
Secretary of Energy
1000 Independence Ave. SW
Washington, DC 20585
(via hand delivery)
Re: Misleading forecasts, helping Americans to understand the truth about world oil supply and U.S. gas supply
Dear Secretary Chu:
As concerned citizens, and representatives of the Association for the Study of Peak Oil & Gas USA (ASPO-USA), we the undersigned believe that the Department of Energy (DOE) and the Energy Information Administration (EIA) have failed to critically examine one of the most serious threats to our economy, national security, and environment—the prospect of an impending decline in world oil supply.
Hi guys. I have been saying this for over a year. Oil consumption here in the US is now 19 million barrels per day (mbd), down from 21 mbd at the peak in 2008.
By Tom Whipple
Wednesday, August 03 2011 06:08:52 PM
Lost in the furor over the debt crisis last week came the news that the U.S. economy expanded at an annual rate of only 0.4 percent in the first quarter and 1.3 percent in the second. As these numbers were well below what economists were expecting, the revelation that the US was not coming out of the "great recession" was quite a shock for those who have not been paying attention.
Even further down in the news stories were revisions to the older GDP numbers that had the U.S. rebounding smartly from the 2007 to 2009 recession. It seems the official GDP numbers that are released shortly after the close of every quarter are partly guesstimates assembled by people biased is to make the incumbent administration look good. These of course are seized upon by the financial press as evidence that the economy is getting better and that projections of a 3 percent annual growth rate starting any day now are plausible.
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