The Price of Petrol » gasoline

Money Creation & Destruction, Gas Prices, Peak Oil & the Economic Crisis

admin — Mon, 24 Aug 2009 07:43:04 +0000

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

Technorati Tags: collapse, creation, credit, crisis, debt, depression, economic, economy, financial, gas, gasoline, local, money, mortgage, oil, peak, Price, prices, recession, resilience, truth

The Camel’s Back – $4.20 Gas Straw

admin — Thu, 13 Aug 2009 22:48:59 +0000

Were the stock market to go up more we might find a gas price much higher than here. A look at pensions needing 8% year over year just to stay even, Bill Gross expects 3%. To survive people are going to be looking to savings. The government would have us go into debt without a safety net.

Duration : 0:9:41

Technorati Tags: $4 a gallon, Bill Gross, driving, fuel, gallon, Gas Prices, gasoline, hyperinflation, inflation, new normal, pensions, prices at the pump, savings, vacation

Peak Oil, Peak Coal, and Beyond

admin — Wed, 12 Aug 2009 01:39:34 +0000

Peak Moment 63: Hot topics from Richard Heinberg: record-high U.S. fuel prices; the ethanol big-business boondoggle; coal projected to peak about a hundred years early (around 2020); what the climate change discussion is missing; and the benefits of “going local.” [www.richardheinberg.com]

Duration : 0:28:0

Technorati Tags: change, climate, coal, ethanol, gasoline, oil, peak, prices

Old gas pumps not engineered for $4 prices, station slashes costs

admin — Fri, 03 Jul 2009 08:08:03 +0000

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

Technorati Tags: 49, ABC, Annette, at, auto, automobile, broadcast, Bureau, car, Clem's, college, convenience, diesel, dollar, economy, engineer, four, fuel, gas, gasoline, Grocery, holiday, K-State, Kansas, KSU, KTKA, Lawless, Manhattan, Milford, motor, motorcycle, news, package, Price, pump, reporter, skyrocket, store, Story, Television, Topeka, travel, truck, TV, van, vehicle

“The Meeting of the Mouths” An Economic Roundtable Part 2

admin — Sat, 27 Jun 2009 20:12:11 +0000

“The Meeting of the Mouths” An Economic Roundtable with Neal Boortz, Clark Howard and Herman Cain (via Satellite). Moderated by News/Talk 750 WSB’s Jeff Hullinger. Part 2 looks at energy policy, corporate taxes, nuclear energy, gas prices, food prices, ethanol, oil and the war in Iraq. Clark proposes a bet on what gas prices will be May 1, 2009.

Duration : 0:8:16

Technorati Tags: clarkhoward, economics, ethanol, fuel, gas, gasoline, hermancain, iraq, nealboortz, news, newstalk750wsb, nuclear, oil

Gas Prices Are Ridiculous

admin — Wed, 24 Jun 2009 21:52:40 +0000

Wrong day to fill up.

Duration : 0:0:37

Technorati Tags: Bill, crazy, expensive, funny, gas, gasoline, hilarious, long, Mobil, premium, Price, prices, pump, Receipt, Ridiculous, station

Fuel Price debate: Anwar Ibrahin VS Shabery Cheek Pt. 6

admin — Wed, 24 Jun 2009 21:52:36 +0000

Fuel Price debate: Anwar Ibrahin VS Shabery Cheek Pt. 6

Duration : 0:5:58

Technorati Tags: anwar, bn, cheek, Debate, diesel, gasoline, government, hindraf, ibrahim, indian, mic, Petrol, protest, shabery

Higher Gas Prices Boost Carpooling

admin — Wed, 17 Jun 2009 01:43:05 +0000

The Missouri Department of Transportation is using the Internet to entice you to carpool.

http://www.kmbc.com/news/19705276/detail.html

Duration : 0:1:40

Technorati Tags: auto, car, carpool, City, cost, driver, fuel, gallon, gas, gasoline, Kansas, KMBC, marc, Marcus, Missouri, MODOT, moore, news, octane, oil, Price

Gas Prices On The Rise

admin — Sun, 14 Jun 2009 22:51:05 +0000

Rising gasoline prices have led to more pain at the pump for many motorists throughout the nation, especially for those searching for employment. Dean Reynolds reports from Chicago.

Duration : 0:2:21

Technorati Tags: car, Evening, fuel, gas, gasoline, prices, Summer, travel

Fuel Price debate: Anwar Ibrahin VS Shabery Cheek Pt. 5

admin — Wed, 10 Jun 2009 17:34:20 +0000

Fuel Price debate: Anwar Ibrahin VS Shabery Cheek Pt. 5

Duration : 0:6:24

Technorati Tags: anwar, bn, cheek, Debate, diesel, gasoline, government, hindraf, ibrahim, indian, mic, Petrol, protest, shabery