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
New Fuel Price Hike Worries Indian Farmers
Posted by admin as Fuel Prices
Indian farmers are feeling the economic pinch more than ever. It comes after fuel prices went up by 10 percent, making it harder than ever for the farmers to make ends meet.
The Indian government has just increased its fuel prices by 10 percent, the first hike of the year and the steepest ever.
This has not gone well with the consumers and especially with the farmers. The lack of monsoon rains are forcing them to irrigate their fields with tubewells that use up many liters of diesel.
[Rajendra, Farmer]:
The tubewell consumes around 15 to 20 liters of diesel, but now after the hike in prices of fuel, how will we arrange for so much money to run the tubewell? It will be very difficult for us, we will face heavy losses.”
The rise in transportation costs will also make food items prices go up.
[Bheema Chavan, Vegetable Vendor]:
“With the increase in fuel prices, the prices of vegetables will also go up.”
But the government has not increased the price of cooking gas and kerosene to protect the poor and middle-class.
Duration : 0:1:13
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
Gas Prices Are Ridiculous
Posted by admin as Gas Prices
Wrong day to fill up.
Duration : 0:0:37
Jun
Higher Gas Prices Boost Carpooling
Posted by admin as Fuel Prices
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
Jun
DeHaan: summer gas price spike now
Posted by admin as Gas Prices
Gasbuddy.com petroleum analyst Patrick DeHaan says gas prices will soon spike and then go down in the next few weeks.
Duration : 0:2:32
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
May
Chairman Markey’s Question & Answer Period – Gas Prices
Posted by admin as Fuel Prices
Chairman Markey questions the witnesses at the recent Select Committee on Energy Independence and Global Warming hearing “Pumping up prices: The Strategic Petroleum Reserve and Record Gas Prices” regarding the effect of utilizing the Strategic oil reserve to offset the rising cost of fuel
Duration : 0:5:53
May
Malaysians Responses to Fuel Price Hike
Posted by admin as Fuel Prices
This is my video interview of Malaysian motorists who are fuming because of Abdullah Badawi’s increasing of the fuel prices up 41% as he pleases!
Duration : 0:4:10
Apr
A year after Myanmar’s fuel price hike – 15 August 2008
Posted by admin as Fuel Prices
The sharp increase in fuel prices in Myanmar is having a knock-on effect on food and other essentials. The government’s abrupt decision last August sparked a rare
Duration : 0:1:56
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