There is a lot of Absolute Nonsense that comes out of the mouths of OUR politicians in Washington DC in both political parties and certainly you can assume the old joke about lawyers applies to OUR “Elected Leaders” as well…
“How do you know if a lawyer or politician is lying?”
Answer: “His or Her mouth is open!”
So true….So Damn true…since OUR “Elected and Appointed Leaders” LIE to the American People all of the Damn time and one of the biggest LIES being told right now is around the HIGH price of oil and gasoline in America and that LIE often begins with something like….
“The market for oil is worldwide and just doing more drilling for oil in the United States won’t solve anything.”
What the Hell? That is very simply….A LIE.
We are guessing that any person making the above comment about why oil and thus gasoline prices are high also believes that a gallon of gasoline is selling at very HIGH prices all over the world…..right? After all, the market for oil is “worldwide” so when the price of oil goes up on the rigged Oil Futures Markets in America which are incredibly corrupt and have been allowed to be corrupted by OUR “Elected and Appointed Leaders” in Washington DC…
Just check out this article from ABC News earlier this week, How Wall Street is Raising the Price of Gas, where Bart Chilton a commissioner of the Commodity Futures Trading Commission talks about how Wall Street and big hedge funds have driven up the price of oil and thus gasoline on the American People while the Obama Administration and its’ lackey at the CFTC are doing everything possible to drive up the price of oil in America. Yes, that is the TRUTH and it is happening because both political parties would sell out the future of EVERY child in America for a few pieces of silver from Wall Street which will help get their precious asses re-elected.
….and with a corrupted Oil Futures Market and the price of oil and gasoline soaring we the American People of course hear from OUR “Elected Leaders” that the oil market is worldwide and finding more oil in the United States of America and with our close allies like Canada would not drive down the price of oil. (Isn’t it interesting that President Obama is loaning money to Brazil so they can build offshore oil rigs which we will import oil from but he will not build the Keystone Pipeline to bring oil from Canada to the United States of America? Yes that is very Damn interesting and it almost makes us think that Obama favors Brazilians over Canadians which is very Damn interesting in itself and unexplainable unless Obama hates Canada and the Canadian people which makes no Damn sense at all considering our long and close ties to Canada.)
The above is very simply…..a LIE.
To prove that any of OUR “Elected or Appointed Leaders” that say that the price of oil wouldn’t go down if we found more oil here in the United States of America we must first go back to a very interesting story from late last year from the Associated Press:
In a first, gas and other fuels are top U.S. export, AP
“For the first time, the top export of the United States, the world’s biggest gas guzzler, is — wait for it — fuel.
Measured in dollars, the nation is on pace this year to ship more gasoline, diesel, and jet fuel than any other single export, according to U.S. Census data going back to 1990. It will also be the first year in more than 60 that America has been a net exporter of these fuels.
Just how big of a shift is this? A decade ago, fuel wasn’t even among the top 25 exports. And for the last five years, America’s top export was aircraft.
The trend is significant because for decades the U.S. has relied on huge imports of fuel from Europe in order to meet demand. It only reinforced the image of America as an energy hog. And up until a few years ago, whenever gasoline prices climbed, there were complaints in Congress that U.S. refiners were not growing quickly enough to satisfy domestic demand; that controversy would appear to be over.”
So the United States of America is now a net exporter of oil and gasoline?
Yes, that is TRUE.
Why is the United States of America now a net exporter of gasoline?
There are a lot of reasons why America is now a net exporter of gasoline but the main reason is that since November 2007 the Estimated Vehicle Miles Driven on All Roads in the U.S. has been down and is still going down as Americans have reacted to the high cost of gasoline which for the Flunky Economists at the Federal Reserve and elsewhere in America is THE MAIN REASON why the U.S. Economy has been so slow to come out of this latest recession and the Fed flooding the world with money that often ends up in commodity markets like oil which only causes the price of gasoline to go up at the pump on the American People has actually made this recession much worse and much deeper than it should have been but then it would take someone with an IQ above room temperature to understand that reality and the Federal Reserve is filled with some of the Stupidest and most Out-of-Touch with the REAL World people in America today.
Here is a chart of Estimated Vehicle Miles Driven on All Roads in the U.S. from the last 40 years and note what a steep drop-off in miles driven over the past 5 years and with less Americans taking to the road of course means there has been a whole lot less commerce going on in America and thus why this current recession has been so long and so deep (From Vehicle Miles Driven and the Ongoing Economic Contraction, Doug Short, Business Insider):
So Vehicle Miles Driven in the U.S. is down and that has caused America to now be a net exporter of gasoline….BUT…the price of oil and gasoline has gone straight up over the past 5 years as detailed in this chart from GasBuddy.com?:
Now isn’t it Very Damn Interesting that as Americans have been driving less that the price of gasoline has gone up in America?
Yes, that is Very Damn Interesting and now let’s turn to the Idiocy of American politicians saying that the market for oil is worldwide and Americans shouldn’t pay any attention to the FACT that OUR country is now exporting gasoline overseas because that America is now a net exporter of fuels would also mean that countries around the world that also are exporting oil would have high gas prices as well…..right?
No, not even close.
Let’s go to the FACTS:
As you as an American Citizen go to the pump this week to fill up your car with gasoline that is approaching $4.00 a gallon keep in mind the below prices for a gallon gasoline from around the world with a special emphasis on countries that now export oil and fuels….like the United States of America: (From Investopedia.com, 10 Countries with the Cheapest Gas at the Pump):
Country (Price of Gasoline per Gallon)
1. Venezuela (7.6 cents)
2. Iran (37.9 cents)
3. Saudi Arabia (60.6 cents)
4. Libya (64.4 cents)
5. Qatar (71.9 cents)
6. Bahrain (79.5 cents)
7. Turkmenistan (83.3 cents)
8. Kuwait (87.1 cents)
9. Oman ($1.173)
10. Algeria ($1.211)
Oh, that excuse you hear about Libya driving up the price of oil last spring in rigged U.S. Oil Futures Markets….
The price of a gallon of gasoline is LIBYA is still less than $1.00 a Gallon where the Damn conflict is going on!
The Bottom-Line: OUR “Elected and Appointed Leaders” are doing what they generally do to the American People….
They LIE to the American People
…and the latest LIE is that drilling for more oil in America wouldn’t do anything to lower the price of oil and thus the price of gasoline that the American People have to pay at the pump because if the United States of America can export gasoline and fuels then it should have lower gas prices right now and if the American People were actually represented by people in both political parties that gave two rips about us, our children and our families instead of trying to figure out ways to get their precious asses re-elected which is driven by extracting money from Wall Street then America would have much lower gas prices RIGHT NOW and if we had much lower gasoline prices (as all countries that are net exporters of oil and fuel do) the U.S. Economy would be in much better shape today, unemployment would be much lower and ironically these Sorry Ass “Elected Leaders” of the American Republic would have an easier time getting re-elected but then they would actually be serving The People instead of financial interests and we can’t have that now….can we?
Well, of course not, especially when the Obama Administration is raising money from Wall Street and the Wacko Environmental Nut crowd that would love to see the price of a gallon of gasoline at $10 Dollars a Gallon which is of course the view of the Secretary of Energy of the United States of America Stephen Chu who must have a hard time sleeping at night considering all of the children in America that go to be hungry EVERY night because of the policies that Chu believes and pursues.
How does someone sleep at night that is directly involved in ripping food from the mouths of children because their parents are paying double what they should be paying for gasoline?
Who the Hell knows, but then Stephen Chu has not worked a day of his adult life not on a college or government payroll and that means Stephen Chu doesn’t have a clue about the REAL world and in our opinion could care less about how average Americans live their lives and it is our opinion that Chu like most of OUR “Elected Leaders” in Washington DC could care less about anything but his own precious ass and in Chu’s case also his fantasyland dreams of everyone biking to work and abandoning their automobiles!
Bottom-Line No. 2: If a politicians mouths are open….He or She is LYING 99.999999999999 percent of the time and those LIES are destroying the American Republic and since most politicians in Washington DC would trade getting re-elected in the next election for the American Republic being destroyed 10 years from now we of course have a dysfunctional political system that is destroying….the American Republic and thus the future of the American People and all of our children and grandchildren.
It’s almost as if over the past decade the American People have elected politicians who have as their goal to destroy the American Republic because they have attacked that goal of destroying our country with gusto and if they can get gasoline to $5.00 Dollar a Gallon they may just take down the U.S. Economy in….2012….like they almost did in 2008 when the Fed flooded Wall Street with money which the banks then lent to hedge funds which the hedge funds then poured into the Oil Futures Market and oil went to $150 Dollars a barrel (Crude Oil chart from Finviz.com).
Yes, these Idiots in Washington DC are so Stupid they may just try to take down the American Economy…..again!