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The Water Cooler
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Gas prices, anyone notice...
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<blockquote data-quote="_CY_" data-source="post: 2090613" data-attributes="member: 7629"><p>absolutely!!!</p><p></p><p>gross profit or net profit doesn't change fact that $1.135 Trillion was taken out of US economy in 2011 by BIG oil. </p><p></p><p>in terms of purchasing power .. what happened after Katrina when BIG oil used the two refineries taken down by storm into the lie that the entire US fuel supply was disrupted. when in fact neighboring refineries, overnight was capable of taking up any slack. </p><p></p><p>Katrina was the excuse BIG oil was needing to jack up fuel prices. almost overnight prices went from $1.50 gal fuel to over $3 gal, then upwards to $4 gal. we've had wild swings from $4 gal to $3 gal since then. </p><p></p><p>fuel price doubling almost overnight after Katrina in terms of purchasing power ... IMHO resulted in the largest transfer of wealth in the history of the world. I'm not aware of ANY other event that resulted in the mass transfer of wealth that quick in world history. </p><p></p><p>Gross national product (GNP) for America 2011 was $15.097 Trillion dollars </p><p>when BIG oil takes out $1.13 Trillion dollars .. how could this NOT have a HUGE effect? </p><p></p><p>above is not some red herring, jackpot theory ... everything claimed are verifiable facts!</p></blockquote><p></p>
[QUOTE="_CY_, post: 2090613, member: 7629"] absolutely!!! gross profit or net profit doesn't change fact that $1.135 Trillion was taken out of US economy in 2011 by BIG oil. in terms of purchasing power .. what happened after Katrina when BIG oil used the two refineries taken down by storm into the lie that the entire US fuel supply was disrupted. when in fact neighboring refineries, overnight was capable of taking up any slack. Katrina was the excuse BIG oil was needing to jack up fuel prices. almost overnight prices went from $1.50 gal fuel to over $3 gal, then upwards to $4 gal. we've had wild swings from $4 gal to $3 gal since then. fuel price doubling almost overnight after Katrina in terms of purchasing power ... IMHO resulted in the largest transfer of wealth in the history of the world. I'm not aware of ANY other event that resulted in the mass transfer of wealth that quick in world history. Gross national product (GNP) for America 2011 was $15.097 Trillion dollars when BIG oil takes out $1.13 Trillion dollars .. how could this NOT have a HUGE effect? above is not some red herring, jackpot theory ... everything claimed are verifiable facts! [/QUOTE]
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