(Concerning the ghost driver in the last article, the answer is: A Volkswagen Westfalia! The greenies' favorite vehicle that drinks gas like a whale... who would have thought that?)
Alert! Alert! The price of a barrel of oil has reached new records! Not only that, but the price at the pump also follows suit... By the way, shouldn't we rather be talking about the 3rd oil crisis?
After going through all the major Canadian English and French and American newspapers where numerous articles have been written on the subject, I've noted many similarities between speeches and many omissions.
First of all, the media has commented on the negligible impact of the rise in oil prices affecting the economy in general. Most of them have affirmed this based generally on information published about retail sales, and on vehicles in particular. Yet they have almost al committed the same error; that have concluded that the economy is solid despite the recent rise of oil prices while the retail sales numbers are for June, and not July or August. This way, the most recent hikes, which have been the most pronounced and have happened in July and August, have not yet been analyzed.
I seems to me that it's a little early to conclude that things are going well in the automotive sales industry, especially when (particularly the American manufacturers) they are in a fire sale mood. It seems as tough the latest hike turns out to be a bad surprise for both consumers and car builders...
And yet...
Yet, many premature signs, articles, interviews, analyzes and others, have predicted a brutal increase of the price of black gold. The American government has know about it for at least 5 years and instead of encouraging the development of alternative solutions, it decided to play the waiting game on the inside market while they were counting on aggression elsewhere in the world in order to take control of the greatest number of resources. Yet it's not the first oil crisis that we experience, but this one is different for many reasons, here's why (and at the same time, why I'm talking about 4th instead of 3rd); A little history...
The first crisis: the second world war (1939-1945)
The first time that the occident world had to make do with a shortage of petroleum resources doesn't date back to 1973, but rather the Second World War. Indeed, this war was the first where oil played a determining role. The Germans and the Japanese can mainly blame their loss on the fact that they don't produce enough oil and their attempts to take control of productive regions have failed. Considering that war was the first to lean predominantly on the technology of combustion engines for their armies, whether it was for their planes, boats, submarines, tanks, jeeps, trucks, etc., the need of oil increase in exponential fashion. That's how quantities of Japanese and German war machines couldn't take part in the confrontations because they couldn't fuel them, leading to their inevitable weakening.
Few people know that historic fact that has played a major role and has determined the following economic agreements such as the Quincy agreement in 1945, an accord that guaranteed the supplying of oil to Americans by way of Saudi Arabia in exchange for protection, by the American government, if the Saudi kingdom like if it was an American state.
Alert! Alert! The price of a barrel of oil has reached new records! Not only that, but the price at the pump also follows suit... By the way, shouldn't we rather be talking about the 3rd oil crisis?
After going through all the major Canadian English and French and American newspapers where numerous articles have been written on the subject, I've noted many similarities between speeches and many omissions.
First of all, the media has commented on the negligible impact of the rise in oil prices affecting the economy in general. Most of them have affirmed this based generally on information published about retail sales, and on vehicles in particular. Yet they have almost al committed the same error; that have concluded that the economy is solid despite the recent rise of oil prices while the retail sales numbers are for June, and not July or August. This way, the most recent hikes, which have been the most pronounced and have happened in July and August, have not yet been analyzed.
I seems to me that it's a little early to conclude that things are going well in the automotive sales industry, especially when (particularly the American manufacturers) they are in a fire sale mood. It seems as tough the latest hike turns out to be a bad surprise for both consumers and car builders...
And yet...
Yet, many premature signs, articles, interviews, analyzes and others, have predicted a brutal increase of the price of black gold. The American government has know about it for at least 5 years and instead of encouraging the development of alternative solutions, it decided to play the waiting game on the inside market while they were counting on aggression elsewhere in the world in order to take control of the greatest number of resources. Yet it's not the first oil crisis that we experience, but this one is different for many reasons, here's why (and at the same time, why I'm talking about 4th instead of 3rd); A little history...
The first crisis: the second world war (1939-1945)
The first time that the occident world had to make do with a shortage of petroleum resources doesn't date back to 1973, but rather the Second World War. Indeed, this war was the first where oil played a determining role. The Germans and the Japanese can mainly blame their loss on the fact that they don't produce enough oil and their attempts to take control of productive regions have failed. Considering that war was the first to lean predominantly on the technology of combustion engines for their armies, whether it was for their planes, boats, submarines, tanks, jeeps, trucks, etc., the need of oil increase in exponential fashion. That's how quantities of Japanese and German war machines couldn't take part in the confrontations because they couldn't fuel them, leading to their inevitable weakening.
Few people know that historic fact that has played a major role and has determined the following economic agreements such as the Quincy agreement in 1945, an accord that guaranteed the supplying of oil to Americans by way of Saudi Arabia in exchange for protection, by the American government, if the Saudi kingdom like if it was an American state.