Things You Already Know

You're well aware that gas prices are on course to follow last year's take-us-to-the-cleaners run. As Americans, we're all intimately familiar with getting screwed with out pants on. In the midst of this turd in a teapot gas price thing we get another in depth analysis from the news-flavored product factory called CNN. We'll set aside the obvious point that oil prices exist outside the economic laws of supply and demand. Apparently there is a third dimension:

"Considering that supply seems ample and demand is weak, the fact that oil is going up looks kind of weird," says Adam Sieminski, chief energy economist at Deutsche Bank. "But those factors are being overwhelmed by a huge sigh of relief that we're not going to have the Great Depression."

I see. The mere fact that people are exhaling forcefully has caused an increase in oil prices. Maybe, and I'm just spitballing here, the reason the entire system got crashed is because we let guys like Adam Sieminski craft apologist explanations for the largest corporations on the planet bleeding us like butchers. The article also says the U.S. economy is using 2.5 million few barrels per day this year than in 2009, but that actual fact can't complete with the force of a huge sigh of relief.

"Meanwhile, there are signs that a demand recovery could be on the way in Asia."

Actually, no, it's not. I keep hoping there are adults paying attention somewhere. For all my pseudo-anonymous ranting this actually a little important. If were are going to construct a future society that unplugs us from fossil fuel dependence there has to be time to actually construct it. Letting the corporate crack addicts continue to take a crowbar to our knees is another stitch in the coffin lining of that idea.

Ares