President Joe Biden (click here) announced a ban on Russian oil imports on Tuesday as Moscow’s invasion of Ukraine continues to drive gas prices to record highs. But will this latest move spike prices even higher?
“We will not be part of subsidizing Putin’s war,” Biden said in a televised statement on Tuesday, adding that Americans should expect gas prices to continue their steady march upward. “I’m going to do everything I can to minimize Putin’s price hike here at home.”
Bay Area residents are particularly feeling the pinch in one of the most expensive metro regions in the country, with average gasoline prices topping $5.50, over $1.30 more per gallon than the national average, according to A A A . Average gas prices in California were $4.68 a gallon one month ago, and $4.80 just a week ago...
States need to investigate their petroleum market for price gouging and corruption.
March 9, 2022
Gov. Gavin Newsom touted California (click here) as an economic powerhouse leading the way on vexing issues from chronic homelessness, a warming climate and improving public education in his State of the State speech Tuesday and promised relief as the state’s already high gas prices hit records.
“People have always looked to California for inspiration,” Newsom said in remarks at the Natural Resources Agency headquarters in Sacramento. “And now, in the midst of so much turmoil with stacking stresses and dramatic social and economic change, California is doing what we have done for generations, lighting out the territory ahead of the rest, expanding the horizon of what’s possible.”
Republicans have called on Newsom and his fellow Democrats to give motorists a gas tax holiday as average prices hit about $5.50 a gallon. The governor proposed pausing the gas tax increase that would kick in this summer in his budget but said “it’s...
As far as I am concerned this is price gouging. Demand for fuel has not spiked and the Russian supply of oil to the USA is only 8 percent. It is ridiculous to believe the price of fuel has nearly doubled in less than 2 and a half months.
It is price gouging at the pump as fasciliated by a hungry Wall Street that has deeply missed it's oil commodity which acts no different than cash in it's ability to be liquid.
The problem is that Wall Street is feasting on the idea of a gasoline shortage. That is nonsense. The demand for fuel has not spiked and the supply has not dwindled to the point of scarcity. This entire idea that somehow the cost of "fueling up" has to double because of scarcity is all artificial. I am not saying the local fueling station is gouging the consumer, it is the big boys on Wall Street that seek profit at any cost regardless the reason.
The petroleum industry supplied commodities that act like cash in it's value and return as well as it's ability to be sold in an instant to facilitate oher transactions. During the pandemic when fuel was abundant, did the cost come down? No. So, why now is the cost of the products from the petroleum companies skyrocketing?
This is nothing more than greed at a time that supplies excuses such as the invasion into Ukraine by Russia.
9 March 2022
Russia has been barred from new Large Hadron Collider experiments (click here) due to its ongoing military invasion of Ukraine, the European Organization for Nuclear Research (CERN) has announced.
In a statement, CERN said it 'will not engage in new collaborations' with the Russian Federation and its institutions 'until further notice'.
CERN also said it will promote initiatives to support Ukrainian collaborators and Ukrainian scientific activity in the field of high-energy physics....
Russia has proved itself unworthy of trust. I don't know if that level of trust will ever return. Russia has clearly demonstrated it does not have good governance to allow a single man the power of killing a vast number of ethnic people, including the elderly and children. Not only that the science involved here is at the pinnacle of many achievements. The science community needs to protect the integrity of such projects and not allow discoveries to be used for nefarious purposes.
Russia has clearly demonstrated it can live to existances at once. A nation of people completely unaware of a war against peace loving people in Ukraine and a Duma that is the servant to Putin, the mad dictator. That was mad and not insane.
This episode with Russia has opened the eyes of many and caused the world to sink into dispair over the dead in Ukriane. So many have died in such a short time it is completely impossible to look the other way. It could be any one of a number of countries that can fall to Putin's hate filled aggression. A a community of human beings the global community should have reigned in the killing in Syria and perhaps this would never have occurred in the first place. The global community is far to tolerant of violence and too scared of spawning nuclear war. Putin chronically uses nuclear brinkmanship tto carry out wayward purposes of his military and this is not the first time.
Perhaps Russia is a terrorist state, it certainly without doubt is a rouge state.
