Observations from Bob Wenzel on America's oil industry:
"Gains in U.S. energy productivity are a major reason the price inflation stats have been coming in so low. Gasoline prices over the last 12 months, according to the BLS, are down by 4.5% at the producer level, while meats are up 9.4% and dairy products are up 13.1%, for the same period."
Thanks to Bob Wenzel for this. Note the date on this graph. It's dated 2010, which means that the US has been flush with oil since at least 2010. And does this at all bring into question the whole oil question associated with US invasions into Iraq and Afghanistan? Some might say that oil has nothing to do with Afghanistan, but certainly mineral reserves do as does the petro dollar. The US wants to maintain dollar hegemony in as many regions around the world.
"Gains in U.S. energy productivity are a major reason the price inflation stats have been coming in so low. Gasoline prices over the last 12 months, according to the BLS, are down by 4.5% at the producer level, while meats are up 9.4% and dairy products are up 13.1%, for the same period."
Thanks to Bob Wenzel for this. Note the date on this graph. It's dated 2010, which means that the US has been flush with oil since at least 2010. And does this at all bring into question the whole oil question associated with US invasions into Iraq and Afghanistan? Some might say that oil has nothing to do with Afghanistan, but certainly mineral reserves do as does the petro dollar. The US wants to maintain dollar hegemony in as many regions around the world.
