The centrality of gasoline.

As gas prices soar, thieves grow more brazen

Most gas thefts are still perpetrated by motorists who drive off without paying. After seeing declines in drive-offs earlier this decade, after many stores began requiring drivers to pre-pay, the National Association of Convenience Stores says they’re rising sharply again. “

Gasoline is at the center of the American economy, but there are those who will doubt this.

One group, for example, is crazy enough to believe that Baby Jesus will create more oil. What a crock. He would have already done it by now. (I really don’t need to refute this hypothesis on this blog.)

We will see more crime of all kinds as gas prices go up. More gas will stolen from the pump, perhaps tankers will be hijacked.

I hate to be the ominous village prognosticator, but we are seeing the beginning of how crazy it’s going to get when oil becomes scarce. Food prices will go up, and I think those living in the big cities are going to have the hardest time. I don’t want to sound like these people, but you have to admit that the potential for chaos is real.

The question is, How likely is the chaos?

About as likely that we won’t find alternative energy sources to meet our demand.

-MC Spanky McGee

Exxon posts record profits…. BULLSHIT! A hose job on you and me.

http://money.cnn.com/2008/02/01/news/companies/exxon_earnings/index.htm?postversion=2008020111

Exxon Mobil made history on Friday by reporting the highest quarterly and annual profits ever for a U.S. company, boosted in large part by soaring crude prices.

Exxon, the world’s largest publicly traded oil company, said fourth-quarter net income rose 14% to $11.66 billion, or $2.13 per share. The company earned $10.25 billion, or $1.76 per share, in the year-ago period.”

How many times have we been told that the cost of gas is due solely to market forces??? How can the price go up so much, placing so much strain on the average American household, yet Exxon posts the highest profit, ever?

I can hear it now: “It’s because the invisible hand is rewarding them. The market rewards successful businesses.”

I got your invisible hand, right here. The article continues:

“Exxon’s record results, which coincide with smaller rival Chevron’s (CVX, Fortune 500) profit jump, are likely to draw fire from consumer rights groups, who contend the oil industry is deliberately restricting supply and profiting on the back of U.S. motorists.”

You bet your sweet ass Exxon is controlling the supply. Newsflash, people: OIL IS FINITE ON EARTH. IT WILL RUN OUT BEFORE ALL THE CHICKEN AND COW FOSSILS WE CREATE CAN TURN INTO MORE.

No, Baby Jesus will not make more. This fact alone shows you that any oil company will have to deliberately ration their product, so that they can continue to make a profit, near and after the end of oil. They’re not stupid.

That’s why they’re so awesome. They’re loading up now, while they can. If you want to make a killing, you go into oil stocks and futures. Cash prizes.

As for me, I’m thinking big. I’m headed to Titan. “That’s when the big bucks start rollin’ in….”

And then we’ll see who the new King is.

By the way, I filled up at the pump this morning…

-Agent Spanky McGee