Americans are accustomed to the summertime gas spike, but experts say drivers can expect record-shattering prices at the pump this year.
“What we’re about to see the increases will just make it even worse but these are typical increases we would see seasonal,” said AAA spokeswoman Ragina Averella.
How bad will it get? Analysts say drivers can expect gas prices to skyrocket 10 to 20 cents a gallon in the next few weeks along. By mid-May, the national average is projected to spike to a record-smashing $4.25 a gallon.
President Obama Speaks on Repealing Subsidies for Oil Companies | The White House
President Obama calls on Congress end taxpayer giveaways to an industry that’s never been more profitable, and instead use that money to double-down on investments in clean energy technologies that have never been more promising.
According to a breaking story at Debkafile , India and Iran have reached an agreement to transact oil payments using gold.This is a brazen refutation of the US led EU sanctions, and according to Debka’a sources, China is likely to follow suit! This would put 40% of Iranian oil exports trading in gold.
Explosions Destroy Saudi Oil Pipeline, Sends Oil Prices Soaring
A massive explosion has destroyed Saudi Oil pipelines sending an uncontrolled source of fuel on fire and crude oil prices soaring.
Among the many factors responsible for the jump in WTI to just shy of $109 over the past hour, and Brent to new records in various currencies, is the following news reported so far only by Iranian PressTV: “An explosion has hit oil pipelines in the flashpoint Saudi Arabian city of Awamiyah in the kingdom’s oil-rich Eastern Province.”
Avaaz's Ricken Patel talks to PM about Iranian or Russian drone being used on Syria
Fair use - Criticism
Ricken Patel for Avaaz discusses the "Russian" or "Iranian" drone seen one Syria and their role in getting injured journalist Paul Conroy out of Homs.
Patel then, without evidence, suggests that either Iran or Russia are involved. What's odd is that nobody talks about the fact it could be a US drone watching events.
The new government in Athens could open a pipeline to export natural gas from countries including Israel to destinations in northern Europe, as Greece seeks to become a regional center for the transit of this energy source.
“We are trying to make Greece the hub for gas transit to northern European countries either via Italy or through the Balkans,” Greece’s environment, energy and climate change minister stressed to The Jerusalem Post in an exclusive interview on Monday morning in Jerusalem.
The minister, Giorgos Papakonstantinou, was the first Greek official to visit Israel since the country’s November 11 formation of a new coalition unity government headed by interim Prime Minister Lucas Papademos.
Sanctions dodge: India to pay gold for Iran oil, China may follow -- RT
India has reportedly agreed to pay Tehran in gold for the oil it buys, in a move aimed at protecting Delhi from US-sanctions targeting countries who trade with Iran. China, another buyer of Iranian oil, may follow Delhi's lead. The report, by the Israeli-based news website DEBKAfile, states that Iran and India are negotiating backup alternatives with China and Russia, should the US and EU find a way to block the gold payment mechanism.
A check on the moves in oil, markets and currencies, and where traders are placing their bets today, with Tom O'Brien, The Gold Report; Boris Schlossberg, GFT Forex, and Ben Lichtenstein,
Our President is inside The Big Fix, a rigged game of sorts, in which the players ultimately lose and the house takes the spoils. ('The Big Fix' is also the name of our new movie, which opens this week in New Orleans, next week in Los Angeles and on December 2nd in New York City -- details, screening times and theaters at the end of this letter).
Thousands of men have come here seeking high-paying jobs working for the oil companies. And, at the end of the day (or four or five days when they're working on a rig), many of them are looking for some female companionship at one of the town's two strip club's, Whispers or Heartbreakers.
