Jun 17 2008
A whole lot of GAS
With gas prices unaccountably soaring to unprecedented heights, one wonders if our Environmentalists and multinational billionaire overlords are cackling over their clubhouse sherry.
Why do I include the multinational billionaires in this equation of gas, environmentalism and the middle class? According to OPEC, it is not the oil producing nations that are causing this spike in oil. It’s the central banks, who are owned by the billionaires; and the Congressional desire to sue OPEC for the gas prices is about as infantile as a pigtailed three-year-old throwing a tantrum for not having all the candy she wants.
A former Iraqi oil minister says record high oil prices are more to do with speculators, including central banks, than supply and demand.
Prime Minister Kevin Rudd is pressuring G8 leaders to push for OPEC to increase oil supply.
Isam Chalabi was Iraq’s oil minister before the first Gulf War and has more than 40 years experience in the industry.
He says Mr Rudd’s strategy will not work.
“The question of prices today is not related to supply and demand fundamentals - everybody knows that,” he told AM.
“Everybody has said so and hence it is not a matter of increasing supplies because whoever is in need of oil has been able to get it, so there is no need of problem of getting the oil.”
Brian Wilson, former British energy minister under Tony Blair, agrees.
“What takes it from $US100 to $US130 is that there is a huge speculative element and the actual connection between the paper trading price of oil and anything that is happening in the physical world is now extremely remote,” he told the BBC.
The gas prices near my house is a leap frog away from five bucks…
You know, all this makes me think back to earlier this year when Obama proposed the “Global Poverty Act” in the Senate. He doesn’t propose and sponsor many bills since he’s busy politiking across the nation, but every once in a while he sneaks one in under the radar.
This act “could result in the imposition of a global tax on the United States. The bill, which has the support of many liberal religious groups, makes levels of U.S. foreign aid spending subservient to the dictates of the United Nations.”
The legislation itself requires the President “to develop and implement a comprehensive strategy to further the United States foreign policy objective of promoting the reduction of global poverty, the elimination of extreme global poverty, and the achievement of the Millennium Development Goal of reducing by one-half the proportion of people worldwide, between 1990 and 2015, who live on less than $1 per day.”
The bill defines the term “Millennium Development Goals” as the goals set out in the United Nations Millennium Declaration, General Assembly Resolution 55/2 (2000).
…
In addition to seeking to eradicate poverty, that declaration commits nations to banning “small arms and light weapons” and ratifying a series of treaties, including the International Criminal Court Treaty, the Kyoto Protocol (global warming treaty), the Convention on Biological Diversity, the Convention on the Elimination of All Forms of Discrimination Against Women, and the Convention on the Rights of the Child.
As alarming as all this is, you might well ask yourself, “What in tarnation does this have to do with Global Warming and taxing the American public out of existence?”
Well, all this money has to come from somewhere, right?
Jeffrey Sachs, who runs the U.N.’s “Millennium Project,” says that the U.N. plan to force the U.S. to pay 0.7 percent of GNP in increased foreign aid spending would add $65 billion a year to what the U.S. already spends. Over a 13-year period, from 2002, when the U.N.’s Financing for Development conference was held, to the target year of 2015, when the U.S. is expected to meet the “Millennium Development Goals,” this amounts to $845 billion. And the only way to raise that kind of money, Sachs has written, is through a global tax, preferably on carbon-emitting fossil fuels.
These high gas prices got me thinking along these lines.
If OPEC is not the primary factor driving up prices and the central banks are, one wonders, What is the point of this whole exercise? Are we, in effect, being taxed by some international body without our consent?