Domestic Crude Oil Peaked at $145 a Barrel in 2008. It Closed Yesterday at $118.50. So Why Is Gas at the Pump at All-Time Highs?

Domestic Crude Oil Peaked at $145 a Barrel in 2008. It Closed Yesterday at $118.50. So Why Is Gas at the Pump at All-Time Highs?

Part of that, as the above stories illustrate, is just plain ole price gouging. But the big picture is more complicated than that. According to the EIA, in addition to the 61 percent of the price of a gallon of gas that comes from the cost of crude oil, the other 39 percent shakes out as follows: the costs of refinement (14 percent), distribution and marketing (11 percent), and taxes (14 percent).

And refining* looks to be a particular problem right now. The EIA reports that as of January 1, 1982, the U.S. had 301 refineries in operation. That compares to just 129 in operation as of January 1, 2021.

Related:

*Chevron CEO says there may never be another oil refinery built in the U.S.

Previously:

More Oil From U.S. Strategic Petroleum Reserve Heads To Europe

US, China on Collision Course Over Taiwan

Scott Ritter

Chinese officials have made it clear that their “One China” policy regarding Taiwan is founded on a constitutionally mandated principle of so-called “peaceful reunification.” War, Chinese officials say, is a measure of last resort, only to be employed to prevent the fact of Taiwan’s secession from China, or when possibilities for peaceful reunification have been completely exhausted. But current US policies on Taiwan appear designed to push China to the brink, raising the prospect of armed conflict.

US, China on Collision Course Over Taiwan

Pet husky dog in China learns how to cook a meal for owner after figuring out how to turn on an electric rice cooker

A pet husky named Lucky in China has managed to cook a meal of rice for his owner who used a home surveillance system to remotely instruct the dog.

The husky’s remarkable cooking effort was recorded in a video uploaded to mainland Chinese social media last week.

Pet husky dog in China learns how to cook a meal for owner after figuring out how to turn on an electric rice cooker
Couldn’t find a husky cooking, unfortunately. Just posting something different, for once.

Biden’s Famine: US Robbery Depriving Syrians and Ukrainians of Wheat, Syrian Scholars Say

The US has expanded the smuggling of Syrian wheat from illegally occupied regions amid an unfolding food crisis, Russia’s Permanent Representative to the UN Vasily Nebenzia revealed on 25 May. Washington now plans to ship over 20 million tonnes of grain out of Ukraine also.

Biden’s Famine: US Robbery Depriving Syrians and Ukrainians of Wheat, Syrian Scholars Say

By endangering the petrodollar, Ukraine conflict brings multipolar world & U.S. revolution far closer

The U.S. empire’s social stability can no longer rely on buying off the workers within its own borders. When Che Guevara observed that international worker solidarity gets undermined by the proletarians in the core imperialist countries receiving special benefits compared to the proletarians in the exploited countries, he was right. But with the contraction of capital, and the consequential introduction of neoliberalism to keep capital afloat, this has changed. Every year, the masses within the United States face conditions that are more like the ones in the Global South. The global wealth gap is still the primary wealth gap in a macro sense, but this widening of the U.S. empire’s internal inequality represents a contradiction which can bring about the empire’s defeat from within. And therefore a major step towards eliminating the global gap.

By endangering the petrodollar, Ukraine conflict brings multipolar world & U.S. revolution far closer

Eni and Repsol to Receive Oil-for-Debt Licenses, Venezuela Welcomes ‘Small Steps’

Caracas, June 6, 2022 (venezuelanalysis.com) – The US government has reportedly greenlighted two companies to ship Venezuelan oil to Europe as soon as next month.

Washington is likewise looking to redirect Venezuelan oil shipments from China to Europe in order to cut off Caracas’ income from its Asian ally, which currently buys some 70 percent of Venezuela’s oil production, the unnamed US officials claimed.

Eni and Repsol to Receive Oil-for-Debt Licenses, Venezuela Welcomes ‘Small Steps’

Breaking Points’ New “Network” Features Neo-Cons and Squad Apologists

Indie News Network

Let’s Take a Deep Dive Into the Breaking Points and their Affiliates

After years of non-stop lies, many have moved away from the mainstream media and began going to alternative media sources. As a result, we’ve seen a lane of media emerge that positions themselves as anti-establishment or populist, but in the end are serving the same corporate interests of the mainstream media.

Stay tuned for more updates from Indie News Network on this developing story.

Breaking Points’ New “Network” Features Neo-Cons and Squad Apologists

Video by BigMadCrab on YouTube.

H/T: Breaking Points “Network” is Full of Oligarch-Affiliates and Neo-Cons by Franc Analysis on YouTube.

Related:

Neocons Co-Opting The Populist Movement

No, There Haven’t Been 27 Mass School Shootings This Year, Corporate Media is Manipulating You

Matt Agorist | May 29, 2022

In the last week alone, the nation has been rocked by two extremely violent, horrific, and disgusting acts of mass murder. In total, between the shooting in Buffalo, NY and Uvalde, TX, more than 30 innocent people have been slaughtered. It is also true that according to the FBI, the number of active shooter incidents in the United States has risen significantly since 2020.

No, There Haven’t Been 27 Mass School Shootings This Year, Corporate Media is Manipulating You

Related:

What we know about mass school shootings in the US – and the gunmen who carry them out