Big oil wind fall profits

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I just watched Gas prices go from $3 to $4 a gallon this last week.

The OIL companys are repricing their current stock to the market.

So OIL they bought eailer at a lower price which is in the pipe line now,
just got repriced to the current markets higher price.

Let me explain.
Wheat was around $3 a bushel,
and my box of Wheaties was about $3 a box.

Now when the price of Wheat peaked at $12 a bushel recently,
The grocery stores did NOT go back and re-price every box on the shelves ,of Wheaties at $12.
Did they.

This Method of pricing all oil in the pipe line to the market creating win fall profits might not be illegal, but but it seems unpatriotic. And should be taxed heavily.

The oil companies are raking unheard of oil profits unprecedented ever in any industry,
and taking advantage of US citizens and the Government. We have a WAR that runs on OIL.

We will have poor freezing to death this winter, because of this.

This recession is going to hit VERY HARD.
Oil production has peaked, and world is converting food stock to fuel.
WE will never see $3 a gallon gas again. $4 a gallon is just the start.
Oil and food tripling in px in the past year.

Globalization and labor arbitrage will continue to push USA wages towards world averages.
An incremental decrease in American standards of living, adjustments must be made.
While rising food and fuel prices will have a negative impact on the US economy it will devastate American poor and 3rd world economies and spur insurgent activities.


Market matrices.

Gerald
Series 7 and 13

Major World Paradigm Shift $$$

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Global Food Crisis

Council on Foreign Relations:

TOP OF THE AGENDA: Global Food Crisis

Food shortages and skyrocketing prices are putting pressure on many of the world’s poorest nations. The Wall Street Journal reports that at spring meetings of policymakers from the World Bank and International Monetary Fund, some assigned partial blame to U.S. biofuels policies. The meetings produced “few concrete results” on the way forward. World Bank President Robert Zoellick is calling for a “New Deal on Global Food Policy.” and said the bank plans to double agricultural lending to sub-Saharan Africa. Meanwhile, street riots have broken out across Latin America (Miami Herald), and in Haiti, where the prime minister was ousted from office on Saturday after protests against rising food prices ground the country to a halt (NYT). East Asia is also feeling pinched, with many countries limiting exports—particularly of rice—to meet domestic demand (ISN Security Watch). The Philippines has called for an emergency regional meeting to discuss the region’s food crisis (Bloomberg).

A recent CFR.org Podcast examines what the next U.S. president should do about global food prices.

SOURCE:

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Council on Foreign Relations MISSED the point, and is blaming the wrong enity.

They said nothing about OPEC boosting oil prices over $100 a BBL.

There lies the problem, OPEC will cause another world recession, they did it once before by pushing

oil prices through the roof.

So Council on Foreign Relations please place the blame where it belongs, not on Americas response to

OPEC.

Gerald

Series 7 & 13

.