Tuesday, 19 April 2011

Gas and other bubbles

Speculators are driving up the price of Gasoline again, even though there's no hint of a shortage. No 'peak oil'. According to some sources there's actually a glut. A full thirty seven days surplus.

Having read this piece of excellent journalism courtesy of Al-Jazeera's Danny Schechter, we're informed via investment insider Phil Davis that speculation is driving the market, not scarcity, and Josh Clark's informative article over at Howstuffworks.com. Phil's recent piece on oil prices can be perused here. Bubble, next Oil, burst, when, the, will. This was a store bought sentence, and you know how they sell everything in flat packs nowadays. Some self assembly required.

The mystery of the number of ships hanging around idle in Nanaimo Harbour is solved. Apparently CN rail are having trouble getting the grain shipments across the Rockies from the Midwest, so the ships are having to wait longer than they should for their cargoes. Food prices will rise because of this I've no doubt. Speculators will also no doubt be delighted. Although I'm informed that the grain producers aren't terribly chuffed.

You know, I don't see informed stuff like this in the UK press. All the news is full of puff pieces, poorly cut and pasted press releases, and complete Fark. Oh yes, and lots of stuff about some couple getting married on April 29th this year. Good for them, say I. Although I'm not too impressed with the nutters who think that chucking rocks at people getting married makes a valid political statement. P.S. I haven't been invited. Not that I'm going to watch any of the endless hoopla, although I did hear some porn producer was angling for the rights to film the Royal Conception. What the hell, they'll be videoing everything else.

Time for bed.

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