Posts Tagged ‘corn’

Gas Prices To Rise Throughout Rest Of 2012 (And What Was It Obama Said About High Gas Prices When Bush Was President???)

August 14, 2012

Obama on gas prices back when Bush was president:

I bought my gas in California Sunday afternoon and paid $4.26 a gallon for the privilege.  And guess what: it isn’t going to be getting better, we’re being told:

Gas Prices Set to Rise for Rest of 2012?
By Sharon Epperson | CNBC – Tue, Aug 7, 2012 5:21 PM EDT.

Gasoline and oil futures surged Tuesday to the highest prices since May, as traders predicted the damage from a fire at California’s third largest refinery could take months to repair.

The lowest retail gasoline prices of the year may already be behind us, some traders say, especially in light of this incident as well as refinery issues around the U.S. and across the Atlantic in the North Sea.

September RBOB gasoline futures briefly topped $3 a gallon Tuesday, and settled just shy of that mark, near a 3-month high. The more than 2 percent gain in gasoline futures sparked big gains in the oil market, where London-based Brent crude prices jumped over $2 to more than $112 a barrel and WTI oil futures topped $94 a barrel in New York, then settled up more than $1 at $93.67 a barrel.

The fire at the 240,000 barrel per day Chevron refinery in the San Francisco Bay area started around 6:15 pm local time Monday and blazed through the night before being extinguished early Tuesday. Chevron’s Richmond refinery produces about 15 percent of the gasoline used by California drivers, says energy analyst Andy Lipow.

Operations at the refinery are expected to be hampered for some time. Analysts say it could take months before the crude distillation unit where the fire broke out is back to normal operations.

The local gasoline market in California saw a swift, steep price surge-far greater than at the New York Mercantile Exchange. Spot gasoline prices soared in San Francisco, spiking over 35 cents to $3.32 a gallon, skyrocketing 12 percent. Prices could climb at least 40 cents in the wake of this incident, says OPIS analyst Tom Kloza.

California spot prices help determine retail prices, which were at $3.86 a gallon for the state-wide average on Tuesday and already higher than this time last year, according to AAA. Due in part to the specific blend, California gasoline prices are always among the most expensive in the country, currently 23 cents above the national average of $3.63 a gallon. (Track commodities here)

Rising Brent crude oil prices, due to tight production in light of maintenance of North Sea refineries, as well as other refinery issues in the Midwest and East Coast, are also helping to support gasoline prices, traders say. On average, retail gasoline prices are up 13 cents, since hitting $3.50 a gallon for the national average a week ago, according to AAA.

“People probably paid the lowest price for gasoline for the year a few weeks ago,” says trader Anthony Grisanti of GRZ Energy. “When you add up all of the impact (from refinery issues), prices will keep going up.”

Strengthening global oil prices have also aided the rally in the gasoline market. Tropical Storm Ernesto could disrupt oil production and distribution in Mexico this week and a pipeline explosion in Iraq disrupted oil and gasoline supplies to Turkey early Monday. Supply concerns due to tensions with Iran and violence in Syria have also contributed to steady gains in the oil markets for the past month.

In Obama’s God Damn America, oil companies are being fined for not using a biofuel that literally does not exist:

WASHINGTON — When the companies that supply motor fuel close the books on 2011, they will pay about $6.8 million in penalties to the Treasury because they failed to mix a special type of biofuel into their gasoline and diesel as required by law.

But there was none to be had. Outside a handful of laboratories and workshops, the ingredient, cellulosic biofuel, does not exist.

In 2012, the oil companies expect to pay even higher penalties for failing to blend in the fuel, which is made from wood chips or the inedible parts of plants like corncobs. Refiners were required to blend 6.6 million gallons into gasoline and diesel in 2011 and face a quota of 8.65 million gallons this year.

“It belies logic,” Charles T. Drevna, the president of the National Petrochemicals and Refiners Association, said of the 2011 quota. And raising the quota for 2012 when there is no production makes even less sense, he said.

Don’t feel too bad for the oil companies, though.  Because they are passing those idiotic penalties on to YOU in the form of higher prices.  It’s just part of what you get for voting for the most depraved president in American history.  Think of it as paying a fine for presidential leadership and common sense that doesn’t exist.

In Obama’s God Damn America, oil companies are required to add ethanol to gasoline no matter how idiotic it is to literally burn food while starving people die or how expensive it makes our fuel:

U.S. drivers saw prices at the pump rise 5.1% in July, the largest increase for the month in more than a dozen years. On top of oil speculators and geopolitical tensions, ethanol also played a role this time.

According to AAA, national average gasoline prices rose 17 cents a gallon over the course of July, to $3.50. About four to five cents of the increase were due to higher ethanol prices, making it “a serious contributing factor,” says Avery Ash, AAA’s spokesperson.

Almost all the gasoline that’s used in the U.S. has a 10% blend of ethanol in it, and most ethanol is produced from corn. As corn raced to a record high amid hot, dry weather, ethanol prices soared, up 17% in July.

Just like the change in crude oil prices, when the underlying price of ethanol changes, it goes all the way through to the price at the pump. For every 10 cents the price of ethanol changes, the price of gasoline is going to change by one cent.

In Obama’s God Damn America, we get the worst drought in fifty freaking years and the highest food prices in history:

The US corn crop is in a state of disaster, with more than half of all US acreage listed in poor or very poor condition due to a record-breaking drought.

And:

The drought that’s drying up the Heartland isn’t just an American problem. It’s causing food prices to surge worldwide.

And it could get worse.

This is not some gentle monthly wake-up call, it’s the same global alarm that’s been screaming at us since 2008,” said Colin Roche of Oxfam, noting that the drought could lead to food shortages for millions of people worldwide.

Food is a major U.S. export, so the drought affects prices around the globe.

“World leaders must snap out of their lazy complacency and realize the time of cheap food has long gone,” Roche said.

It’s kind of interesting how things began to literally go to hell the year that America elected Obama, isn’t it?

You read your Bible and see what happens when a people embrace wickedness the way we did in embracing the most wicked president in our history.

However, if you do not obey the LORD your God and do not carefully follow all his commands and decrees I am giving you today, all these curses will come upon you and overtake you: You will be cursed in the city and cursed in the country.  Your basket and your kneading trough will be cursed.  The fruit of your womb will be cursed, and the crops of your land, and the calves of your herds and the lambs of your flocks. — Deuteronomy 28:15-18

Or as I put it back on November 4, 2008:

Obama Wins!  God Damn America!

As gas prices and food prices and all kinds of other prices keep climbing out of control under this failed fool’s leadership, you just remember Obama pointing his hypocrite demagogue finger at Bush when gas prices went up.

But Bush is gone and according to Obama himself we all should be pointing our fingers at Obama now.

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After Two Terrible Years Of Obama, Here’s Our ‘Change’

May 20, 2011

From an email I received (and liked):

AFTER TWO YEARS OF OBAMA, HERE’S YOUR “CHANGE”: 

January 2009

TODAY

%
chg

Source

Avg.. Retail price/gallon gas in
U.S.

$1.83

$3.94

84%

1

Crude oil, European Brent (barrel)

$43..48

$99..02

127.7%

2

Crude oil, West TX Inter.
(barrel)

$38..74

$91..38

135.9%

2

Gold: London (per troy oz.)

$853.25

$1,369.50

60.5%

2

Corn, No.2 yellow, Central
IL

$3.56

$6.33

78.1%

2

Soybeans, No. 1 yellow, IL

$9.66

$13..75

42.3%

2

Sugar, cane, raw, world, lb.
Fob

$13..37

$35..39

164.7%

2

Unemployment rate, non-farm, overall

7.6%

9.4%

23.7%

3

Unemployment rate, blacks

12.6%

15.8%

25.4%

3

Number of unemployed

11,616,000

14,485,000

24.7%

3

Number of fed. Employees

2,779,000

2,840,000

2.2%

3

Real median household income

$50,112

$49,777

-0.7%

4

Number of food stamp recipients

31,983,716

43,200,878

35.1%

5

Number of unemployment benefit
recipients

7,526,598

9,193,838

22.2%

6

Number of long-term
unemployed

2,600,000

6,400,000

146.2%

3

Poverty rate, individuals

13.2%

14.3%

8.3%

4

People in poverty in U.S.

39,800,000

43,600,000

9.5%

4

U.S.. Rank in Economic Freedom World
Rankings

5

9

N/a

10

Present Situation Index

29.9

23.5

-21.4%

11

Failed banks

140

164

17.1%

12

U.S.. Dollar versus Japanese yen exchange rate

89.76

82.03

-8.6%

2

U.S.. Money supply, M1, in billions

1,575.1

1,865.7

18.4%

13

U.S.. Money supply, M2, in
billions

8,310.9

8,852.3

6.5%

13

National debt, in trillions

$10..627

$14..052

32.2%

14

Just take this last item: In the last
two years we have accumulated national debt at a rate more than 27 times as
fast
as during the rest of our entire nation’s history.Over 27 times as
fast. Metaphorically speaking, if you are driving in the right lane doing 65 MPH
and a car rockets past you in the left lane. 27 times faster, it would be doing
7,555 MPH!

Sources:(1) U.S. Energy Information
Administration; (2) Wall Street Journal; (3) Bureau of Labor Statistics; (4) Census Bureau; (5) USDA; (6) U.S.
Dept. Of Labor; (7) FHFA; (8) Standard & Poor’s/Case-Shiller; (9)
RealtyTrac; (10) Heritage Foundation and WSJ; (11) The Conference Board;
(12) FDIC; (13) Federal Reserve; (14) U.S. Treasury

It has only taken Obama two years to do this much damage to America.

Imagine how much more he can do in two more years.

Imagine how much more he would do with a second four-year term.

How’s that socialism workin’ out for ya?

US Dollar, Housing, Oil And Food Markets Point To Dodo Bird Ending For America: The Beast Is Coming

May 2, 2011

This is your dollar.

This is your dollar on Obama:

APRIL 23, 2011
Dollar’s Decline Speeds Up, With Risks for U.S.
BY TOM LAURICELLA

The U.S. dollar’s downward slide is accelerating as low interest rates, inflation concerns and the massive federal budget deficit undermine the currency.

With no relief in sight for the dollar on any of those fronts, the downward pressure on the dollar is widely expected to continue.
The dollar fell nearly 1% against a broad basket of currencies this week, following a drop of similar size last week. The ICE U.S. Dollar Index closed at its lowest level since August 2008, before the financial crisis intensified.

“The dollar just hasn’t had anything positive going for it,” said Alessio de Longis, who oversees the Oppenheimer Currency Opportunities Fund.

The main driver for the dollar’s decline is low interest rates in the U.S. compared with higher and rising rates abroad. Lower rates mean a lower return on cash—and the pressure from that factor could intensify next week when the Federal Reserve’s rate-setting committee is expected to signal that U.S. short-term rates will likely remain near zero for many months to come. On Wednesday, Fed Chairman Ben Bernanke is scheduled to give the central bank’s first-ever press conference following a policy-setting meeting.

But it is worry about the U.S. budget deficit that is intensifying the selloff. On Monday, investors were spooked by a warning from Standard & Poor’s that it might take away the U.S. government’s coveted AAA rating status amid concerns the Obama administration and Republicans in Congress might not be able to agree to significant reductions in the deficit.

In addition, Chinese government officials have stepped up rhetoric hinting they might diversify their $3 trillion of currency reserves away from U.S. dollars. Such a shift would chip away at what has been a substantial source of dollar-buying in recent years.

I dare say that the Wall Street Journal got it wrong this time.   While it certainly might be technically true that the immediate driver of the dollar’s decline is ” is low interest rates in the U.S. compared with higher and rising rates abroad,” that is only a symptom of the ultimate cause of the dollar’s decline.  The bigger picture can be summed up in two words: quantitative easing.  Obama’s Federal Reserve is creating money out of thin air.  And with more dollars chasing the same amount (and actually fewer) finite goods and services, the value of each dollar devalues. 

A week is a long time in Obama’s God damn America.  A fool-in-chief can do a lot of damage in a week:

APRIL 29, 2011
Dollar Skids to New Three-Year Lows
By JAVIER DAVID

NEW YORK—Investors wasted no time in sending the dollar to new three-year lows after the Federal Reserve gave them little reason to support it.

Weak U.S. growth and unemployment data quickened the dollar’s fall. Initial employment claims jumped back above the 400,000 level in the latest week. Meanwhile, gross domestic product data showed that economic growth slowed sharply in the first quarter, led by surging food and energy costs that sent a key gauge of inflation, the personal consumption expenditures (PCE) price index, soaring to its highest level in nearly three years.

Late Thursday, the euro was at $1.4821 from $1.4794 late Wednesday. The dollar traded at ¥81.54 from ¥82.04, while the euro was at ¥120.85 from ¥121.37. The U.K. pound bought $1.6640 from $1.6636. The dollar fetched 0.8733 Swiss franc from 0.8738 franc, plunging to a new record low.

The ICE Dollar Index, which tracks the U.S. dollar against a trade-weighted basket of currencies, was at 73.12 from 73.519, its lowest level since July 2008.

Has Obama made our economy better?  Really?  You’ve been watching and reading mainstream media propagandist lies, haven’t you?  Here’s the reality: our dollar situation is every bit as bad now as it was when the terrible economic implosion of 2008 hit us.  That giant sucking sound you hear all around you is the value and purchasing power of your dollar sinking into the abyss.

Here’s another major economic indicator going right down the toilet:

Home price gains since spring 2009 vanish
The Standard & Poor’s/Case-Shiller index for 20 major U.S. cities in February comes close to its previous bottom reached in April 2009.
By Alejandro Lazo, Los Angeles Times
 April 26, 2011, 5:06 p.m.

The home price gains made after the housing market bottomed in spring 2009 have vanished, with 10 cities posting fresh lows in February, according to a closely watched index that tracks home prices in America’s biggest metropolitan areas.

The Standard & Poor’s/Case-Shiller index for 20 major U.S. cities, released Tuesday, came within a hair of its previous bottom hit in April 2009. The renewed drop in home prices indicates the nation’s housing woes continue despite a recovery in the broader economy.

“There is very little, if any, good news about housing. Prices continue to weaken, while trends in sales and construction are disappointing,” said David M. Blitzer, chairman of the index committee at Standard & Poor’s.

[…]

Foreclosures remain a significant part of the market and probably will remain so for the foreseeable future as borrowers continue to fall behind on their mortgage payments.

Patrick Newport, U.S. economist for consultancy IHS Global Insight, wrote in a note Tuesday that the decline in the index and drops in other home price measures — specifically a monthly index produced by the Federal Housing Finance Agency, which has seen steady declines in recent months — indicate that the housing slump is once again widespread.

The federal agency’s index’s “recent decline indicates that the vicious cycle in which falling prices lead to more foreclosures which lead to even lower housing prices, continues to play a role in keeping housing on the mat,” Newport wrote.

The Case-Shiller index has fallen to nearly the same level it was in April 2009, the last time it bottomed, evaporating the gains made last year after a popular tax credit for buyers fueled sales nationally. Experts predict prices will continue to fall this year, pushing past their previous lows into a much-feared double dip.

The only thing propping up the economy under Obama’s morally and fiscally idiotic policies is QE2.  Banks and major businesses are not being allowed to fail (it’s all too big too fail in an increasingly fascist system in which the government dominates the banking and corporate spheres).  Right now, the system Obama has only made more broken is being kept afloat in cash being created out of thin air.  The last time quantitative easing ended, the DOW immediately lost 16% of its value in two weeks.  And QE2 is set to end in June.

This means QE3, and then of course QE4.  Because “QE” means “Quack Economics” far more than it should mean anything else.

The following video WAS a fictional account warning us of what could happen.  But it is about to become news before history confirms it:

And do I really have to say anything about gas prices?  Gas was $1.79 a gallon when Obama took office; it is now $3.91 and going up every single day.  That is an increase of more than 118%.  How’s that hope n’ change workin’  out for ya?

Should I mention corn?  Field corn has increased 300% (from $2 a bushel in 2009 to $6 a bushel now) under Obama’s dreadful godawful policies

Wheat prices have more than doubled.  These are basic staples used in everything. 

Food costs more than at any time since 1974.  And it’s going to get much, much worse.  Prices for food and meat are going to soar in the coming days.

Liberals say they care about the poor.  But they don’t give a damn about the poor.  All Democrats want is to “fundamentally transform” America into a socialistic system where they can maintain power forever.

The other thing to say about the above is that Gerald Celente predicted in 2008 that food riots and revolution would overtake America by 2012.  I pointed out in a recent article that what he said is exactly coming to pass both here and around the most flammable region on earth.

And all the unrest you’re seeing around you is simply the Cloward and Piven strategy for bringing about the downfall of the United States of America finally coming to pass exactly like the left wants, and exactly like people like me were talking about for the last two years.

Nobody’s really telling you about what’s happening or about what’s coming.  And that’s mostly because nobody wants to hear about it.

When Adolf Hitler seized power (he never took more than 37% of the vote, but that doesn’t stop a big government tyrant from seizing total power), he began to ruthlessly suppress dissent.  Today, the Democrat Party has pushed on attempt to impose one euphamistically-named “Fairness Doctrone” after another to shut down competing voices, even as Nancy Pelosi now demands a system in which “elections shouldn’t matter so much” in the aftermath of the one that drove her from power).

I think of one journalist named Stephen Laurent who was impriosoned for trying to tell the truth about Hitler.  He wrote:

“I am writing this from cell 24. Outside a new Germany is being created. Many millions are rejoicing. Hitler is promising everyone precisely what they want. I think when they wake to their sobering senses, they will find they have been led by the nose and duped by lies.”

And that is where America is heading.  Only there will be no America to rebuild America the way the United States of America rebuilt Germany in the aftermath of Germany reaping its whirlwind after sowing the wind.  Obama himself will have seen to that.

The funniest thing about this – if anything about America turning into a socialist banana republic is “funny” – is that it will be the left who so rabidly despise the Word of God (otherwise known as the Holy Bible) who will bring about it’s ultimate fulfillment.

The beast is coming.  He will be a one-world global leader who will take over in the catastrophic aftermath of false messiahs like Barack Hussein Obama.  He will be the personification of the United Nations and globalism and a world without borders and all the other total idiocy the left has been jabbering about for decades.  He will represent the sum total of everything the liberals have ever yearned for.

The secular humanist left has said that if they could just take over, they would create a humanist Utopia.  God is going to give them their chance in the Tribulation with the big government Utopia of the Antichrist.

And in just seven years he will have brought a literal hell on earth.

It will be the left – it will be the people who most hate and despise and mock the Bible – that brings about all of the end times prophecies of the very Bible they so ridicule.

Barack Obama is an example of the sneering tone of the left toward the Word of God:

Which passages of Scripture should guide our public policy? Should we go with Leviticus, which suggests slavery is ok and that eating shellfish is abomination? How about Deuteronomy, which suggests stoning your child if he strays from the faith? Or should we just stick to the Sermon on the Mount – a passage that is so radical that it’s doubtful that our own Defense Department would survive its application? So before we get carried away, let’s read our Bibles. Folks haven’t been reading their Bibles.

But I have been reading my Bible, President Obama.  And I’m seeing more and more reasons to believe it and accept it as God’s Word about a time which is now at hand.

I see the dollar devaluing to nothing; I see the cost of food skyrocketing.  And I consider the words of the book of Revelation:

He also forced everyone, small and great, rich and poor, free and slave, to receive a mark on his right hand or on his forehead, so that no one could buy or sell unless he had the mark, which is the name of the beast or the number of his name” (Revelation 13:16-17)

.

Biofuel Liberals Are Killing People

September 9, 2008

The news in Ethiopia isn’t good:

UNITED NATIONS – The U.N. humanitarian office said Monday that food shortages in Ethiopia have reached alarming levels following widespread drought in the country.

Relief organizations are grappling with a “considerable shortage of supplies,” with the U.N. World Food Program in need of $136 million for its operation in the Horn of Africa nation, U.N. spokeswoman Michele Montas said.

Why are relief organizations grappling with such a “considerable shortage of supplies”?  Because, as an Economist article titled, “Cheap no more” puts it:

Rising incomes in Asia and ethanol subsidies in America have put an end to a long era of falling food prices (more…)