Quote from limitdown:
outstanding work!
other additional facts:
1) Russia, India, China do not have as well developed road network as the US, and on per capita (per demand basis) usages of fuel (gasoline, diesel, etc.) their aggregated demand or consumption is not as significant as it is being lied about...
If they had thousands of paved miles of roads, then all their net new purchases of autos would matter, but at present their average usage and commute distances pale in comparison and hence their demand and usage of fuel do not pose as great a demand as it is being purported by the media.
2) China, India, Russia and other so called "on-line" countries still do not report net or aggregate purchases in the global markets, whether GDP, PDP, CPI or Fuel purchases and actual demands as other western / capitalist countries do. Hence it remains very easy for the price speculators (manipulators and financial media press) to lie and openly state that their aggregate demand justifies the insane and unjustifiable price speculations in fuel and fuel products.
3) The US will have to enact severe and punitive damages to the free market system or risk losing positive control of the populace through negligence. Free markets have always had to have severe and strong regulations imposed upon them so that the average consumer remains viable and not abused to the point of no repair, as is happening now under Bush II and his absent administration.
additional factors:
4) Artificial withholding of supply from the US markets have produced their desired effect in raising gasoline and diesel prices over $1 per gallon since Jan 2008. How? Artificially restricting refinery capacity and productivity to less than 80% even under these (aftificially) high demand times.
This is a further reason to nationalize the oil companies and force their hands (as guilty as they are and as dishonest as they were before recent testimonies before Congress).
This is another reason to further simplify into maybe just 4 (four) variations on gasoline distillates instead of the 40 something varieties that each state sets (based on polution controls).
This is another reason to run the current refineries at 120% to force gasoline and diesel stocks up, and the prices down by over $2 per gallon, as if they ever had a reason to justifiably be over (87 octane) $1.79 per gallon.
5) Nationalize the oil companies and confiscate these stolen proceeds of over (on broad estimated average) $30 billion per quarter (every three months).
All the excuses and stories given to justify and distract how they earned and why they should earn, and how little it really is are and were and remain bogus.
Freedom is not free. Free markets are not free. Both were paid for at very high (human cost) prices and should not be allowed to be the priviledge of just a few thieves (even those with mounds of lawyers, three piece suits and such).