Aug
Money Creation & Destruction, Gas Prices, Peak Oil & the Economic Crisis
Posted by admin as Fuel Prices
Understanding money creation and destruction is essential for those who hope to plan for the future.
Changing gas prices impact the flow of money, and ultimately, the money supply and velocity of money. Long term gas price changes, driven by oil prices, are subject to global peak oil extraction.
The run up of oil and gasoline prices from 2005 to 2008 caused a major stress on the economic system, and ultimately was the leading or at least contributing factor to the economic crisis.
Rising oil prices from their lowest levels at under $10 per barrel led to an era of relaxation of loan and mortgage requirements. While this appears to have helped to support the economy for a time, it led to a great maxing out of credit, which then set up a system that was ripe to fail due to any outside stress, such as the failure of the global oil extraction rate to rise.
The resulting economic crisis, due to peak oil and then peak money creation, signals that our current privately-owned, interest-penalty based, money system will not function in this new area of peaking and declining oil supply.
The solution is an entirely different economic model, which focuses on the creation of local food, energy, and credit money, which can be resilient despite innevitable changes in available oil and other resources.
Educator Aaron Wissner presents basic of money and explains how the combination of resource limits for oil combined with relaxed money creation (lending) standards, led to peak money creation, and in turn to an economic crisis.
This is the middle section of a 30 minute talk on money, oil, the environment, and our local future.
Duration : 0:9:1
Jul
Old gas pumps not engineered for $4 prices, station slashes costs
Posted by admin as Fuel Prices
Sets of fuel pumps around the country aren’t engineered for high fuel prices. 49 News Reporter Annette Lawless finds one station that cuts the price of fuel to get people at the pump.
Duration : 0:1:46
Jun
Energy Outlook – What Lies Ahead for Natural Gas Prices? – Bloomberg
Posted by admin as Gas Prices
Natural Gas Soars Most in Two Weeks – Analysis and Discussion with Neal Dingmann of Wunderlich Securities (Taking Stock)
Duration : 0:8:34
Jun
KO Countdown : McCain 080618 : Gas Prices & Enron
Posted by admin as Gas Prices
MSNBC
Countdown
2008-06-18
McCain, gas prices & the Enron loophole
A Countdown Special Report on how John McCain’s chief economic advisor & others in his campaign helped create & defend pivotal legislation that unleashed speculators to run up gas prices.
***
Source
httpp://msnbc.com
Duration : 0:8:57
Apr
PAIN in the GAS: US Average Price for Gas Hits $3.22
Posted by admin as Gas Prices
A new report by the Center for American Progress calculates the cost of gas price volatility on average workers commuting to and from work and families heading out on classic American vacation road trips this summer. If gasoline prices continue to rise—as some, including Secretary of Energy Samuel Bodeman, believe they will—then the budgets of Americans nationwide are in for serious hits. READ THE REPORT HERE: http://www.americanprogress.org/issues/2007/05/pain_in_the_gas.html Ideas fuel …
Duration : 0:1:10
Mar
Beat rising gas prices
Posted by admin as Fuel Prices
A proven product that WILL save you money. Check out this news item on how MPG-Caps will save gas and diesel so you don’t have to buy as much. For more information visit http://www.gripwise.myffi.biz
Duration : 0:1:54
Mar
The Kinks – A Gallon Of Gas
Posted by admin as Fuel Prices
Gas Prices are at a ridiculous price. Here are some pictures reflecting gas prices over the years. From 1992 to Present Day, where a lot of places are over $4.00 a gallon.
Duration : 0:3:59
Mar
Gas Prices in the US vs Globally – Jared Bernstein
Posted by admin as Gas Prices
Complete video at: http://fora.tv/2008/04/25/Jared_Bernstein_on_Crunch_Why_Do_I_Feel_So_Squeezed
Economist Jared Bernstein blames supply and demand for high gas prices in the U.S. and recognizes conservation as a leading solution to the problem.
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Jared Bernstein talks about Crunch: Why Do I Feel So Squeezed? (And Other Unsolved Economic Mysteries).
Is Social Security really going bust? Why does the stock market go up when employment declines? If youd like to know the answers to these questions, premier economist Jared Bernstein is here to help – Book Passage
Jared Bernstein joined the Economic Policy Institute in 1992. His latest book is Crunch: Why Do I Feel So Squeezed? (And Other Unsolved Economic Mysteries), which follows All Together Now: Common Sense for a Fair Economy.
His areas of research include income inequality and mobility, trends in employment and earnings, low-wage labor markets and poverty, international comparisons, and the analysis of federal and state economic policies.
He is the co-author of eight editions of the book The State of Working America and has published extensively in popular and academic venues, including The New York Times, Washington Post, American Prospect, and Research in Economics and Statistics. He is also a contributor to the financial news station CNBC.
Duration : 0:2:32
Mar
Peak Oil: Gas Prices, Supply Depletion & Energy Crisis: 5of5
Posted by admin as Fuel Prices
We are entering the Peak Oil era. The growth of oil production is slowing, forcing up oil and gasoline prices, firing inflation, driving unemployment, straining our global economy, and threatening to collapse our entire system. Teacher Aaron Wissner, highlights the impacts, underlying problem, and solutions. This is part 5 of 5 in a one-hour presentation. See the full one-hour video at LocalFuture.org. Also, at YouTube, see the summary with great resources, web sites, video clips, and detailed background on Peak Oil and its impacts.
Duration : 0:10:0
Feb
Motorists Driven to Queue for Fuel
Posted by admin as Petrol Prices Australia
Cheap petrol is being sold across the nation – with more than a dozen service stations dropping their fuel prices under a dollar a litre.
The cheap petrol campaign was organised by independent petrol stations to put pressure on international oil giants.
Emma Pickworth has this report.
Duration : 0:0:54
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