£100 ONE HUNDRED POUNDS PER TANKFUL OF PETROLEUM TRANSPORT FUEL PRICES RISE SHARPLY IN JUNE 2022 COST OF LIVING CRISIS IN THE UK

P E T R O L £100 P E R T A N K F U L

JUNE 2022 - EXPENSIVE FOSSIL FUELS CAUSE WARS - THE DEATH KNELL FOR INTERNAL COMBUSTION ENGINES

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Britain could do with a Prime Minister who is sufficiently in touch with the world to plan ahead, rather than respond to events retrospectively. Many people would agree that rules Boris Johnson out of the equation. The Conservative Comedy Cabinet appear to be too cozy in the pockets of big oil and fossil fuel gas companies, to be able to read the signs, that others, without oil investments can sniff a million miles away. Europeans dependent on Russia's fossil fuels, must break free of the communist grip that is strangling communities struggling to pay just to live, while others profiteer from high fuel and food prices. The level of corruption in the UK is staggering, the most corrupt country in the world for money laundering.

PETROLEUM HITS £100 A TANKFUL

The average cost of filling a typical family car with petrol has exceeded £100 for the first time on what was labelled a “truly dark day” for drivers. Figures from data firm Experian Catalist show the average price of a litre of petrol at UK forecourts reached a record 182.3p on Wednesday 9 June 2022.

The failure of the politicians in Whitehall to have any kind of contingency plan for a war scenario, fossil fuel reserves, or alternative fuels strategy, compounds their inability to foresee that which Ursula von der Leyen had predicted the modern day Adolf Hitler, Vladimir Putin, was building up to many years ago. Readers could be forgiven for thinking British and other European nation administrations' to be nothing less than bumbling fools - where the Imperialist ambitions of the former KGB officer was to many military strategists as plain as day.

It seems to be that our politicians were snake charmed by the lure of cheap oil and gas - that did not exist. There is nothing cheap about fighting a conventional war, with the threat of nuclear weapons lurking in the background: Russia Vs Ukraine. That could erupt into a World War Three scenario, as the Red dictator begins to lose his control, leading to desperate measures. Presumably, as we have seen this, MI6 and the CIA, must have a few 'Jack Ryan' annalists lurking in their corridors - also apprised of the possibilities. Clearly, if there were, their reports were ignored.

As our parents used to say: "They couldn't arrange a piss up in a brewery."

And that brings us to the lack of infrastructure for hydrogen and battery electric vehicles. How is it with so many viable options yet to be explored, that these alternatives have not been explored? It could be that the UK's Conservative energy strategy is missing because they are uninformed. In other words ignorant. Or it could be that they were too much concerned for their chums in oil to care about the consequences. Well, we do not think our ministers are ignorant. Leading to the inevitable conclusion, of hands in pockets. As Sherlock Holmes, may have deduced.

However you look at it, it is not a pleasant view. Some may argue that the present government do not have a clue how to

run the country with their hands so deeply embedded in the pockets of the Climate Deniers, who have been lobbying to maintain reliance on coal and oil - at the expense of undermining the development of renewables.

Put plainly, it is not a level playing field. Subsidies have been given to oil and coal giants, and even to nuclear energy companies, rather than renewables. So reliant are they on keeping an economy fuelled, despite it being inequitable and so, unsustainable.

CHEAPER EV'S

One of the sticking points at the moment, apart from the absent supporting infrastructure, is the high price of electric vehicles, where the battery is expensive, but the rest of the car is cheaper to produce than the IC equivalent. Or, at least it could be.

There are several ways of lowering the price of EVs:

1. Firstly, governments could exempt EVs from car taxes, and road fund licences.

2. Secondly, policies could be created to force OEMs to work together to define and utilize a standard form of energy pack, be it ammonia, battery, hydrogen or methanol. No matter what chemistry, they should all be voltage compatible and interchangeable.

3. Thirdly, policies could be created to force service stations to stock the standard energy packs defined in two above.

4. Lastly, a method of billing for energy cartridge depreciation and energy used, should be introduced. Such that an EV customer does not have to purchase an energy cartridge with a new vehicle, nor enter into an expensive leasing arrangement.

Special finance at zero, or extremely low interest rates, should be arranged to help channel investments into such, load levelling renewable energy infrastructure. This would make investing in fossil fuels unattractive, leading to massive uptake and rapid installation of (for example) mass produced, flat-packed, service stations - and compatible energy cartridges.

SmartNet™ is one example of a proposed system along the lines of 1-4 above, that may be used as a guide when utilities and vehicle makers are suitably encouraged to look for solutions.

THE GUARDIAN 9 JUNE 2022

Why filling up the average family car in the UK has topped £100

Explainer: Average cost of 55-litre tank of diesel or petrol is more than £100, adding to squeeze on finances

The cost of filling an average family car with petrol has topped £100 on what has been labelled a “truly dark” day for drivers on Thursday. A multitude of factors have combined to leave Britons facing pain at the pumps.

Why are fuel prices so high?

The average cost of petrol is now 182.3p a litre, while diesel hit 188.1p on Wednesday. Some forecourts are already selling petrol for more than £2 a litre. Fuel prices have risen this year as the cost of crude oil, used to produce petrol and diesel, has jumped.

The price of crude collapsed during the pandemic as travel restrictions punctured demand. That demand has returned as the world gets back on the move. Russia’s invasion of Ukraine has exacerbated the situation as various western countries shun Russian oil. A fall in the value of the pound against the dollar in the past 12 months has also pushed up wholesale costs for petrol retailers in the UK.

Who is to blame?

The finger pointing has begun as consumers, already battling rising energy and food bills face soaring prices at the pump. The government has accused some fuel retailers of profiteering and not passing on March’s 5p cut in fuel duty. Retailers in turn have blamed rising wholesale costs.

Howard Cox, the founder of the FairFuelUK campaign, blamed oil refineries for not passing on a fall in the price of crude oil since the highs during the early days of the war in Ukraine. “The refineries are awash with cash and taking big margins,” Cox said.

The motoring groups have even turned on each other – the AA has blamed “reckless” scaremongering by the RAC for fuelling further price rises. The RAC denied this and has called for a cut to fuel duty or VAT.

Why are fuel prices rising when oil prices have fallen?

The price of oil has eased from the highs of about $140 a barrel at the beginning of the invasion to about $120 as nations have sought supplies from alternative countries to Russia. However, retail fuel prices have not followed suit. Typically wholesale and retail prices move in tandem but refineries appear to be taking a bigger cut.

Refining margins are calculated using “crack spreads” – the overall price difference between a barrel of crude and the petroleum products refined from it. The US Energy Information Administration said a reduction in refining capacity in Europe and the east coast of America, as well as increased consumer demand, has pushed up the spreads.

Are there enough oil refineries?

Western oil refineries have struggled in recent years. The fall in the oil price due to Covid hurt an industry that has struggled to attract investment into facilities amid increased environmental regulation and worries over peak oil demand. Many of the refineries supplying Europe are based in Russia, while Beijing closely controls how much Chinese refiners export.

In the UK, there are six large refineries. There have been concerns over the finances of Essar Oil, the company behind the Stanlow refinery, while unions have called for a meeting with Scottish first minister, Nicola Sturgeon, amid uncertainty over the future of Grangemouth. In theory, the boom in refining demand should have helped them, although the oil price spike in March will have inflated their input costs.

Have retailers passed on the fuel duty cut?

The Competition and Markets Authority is looking into the matter and has threatened to launch a formal investigation if it finds evidence of the cut not being passed on to consumers. The government has said it has seen evidence that forecourts within the same retail chain are offering different prices in different areas of the country.

Industry sources argue that wholesale prices have risen so sharply that the benefits of the Chancellor Rishi Sunak’s fuel duty cut were rapidly wiped out.

How does UK fuel duty compare with Europe?

UK fuel duty is 52.95p a litre for petrol and diesel following the cut. In the EU, countries levy a minimum excise duty of €0.36 (31p) a litre although only Bulgaria and Hungary stick to that. The Netherlands has the highest fuel levy in the EU, at €0.81 per litre, according to the Tax Foundation, a US think-tank.

Can we expect fuel prices to rise further?

Yes. With the northern hemisphere coming into “driving season” – as holidaymakers prepare to hit the roads – there are few signs that demand will slow. Gordon Balmer, executive director of the Petrol Retailers Association, said wholesale costs were continuing to rise and that its members could not afford to sell at a loss.

He told Sky News: “Many of our members know their customers personally, they come in on a regular basis, and they know the pressures that this puts on household budgets. Unfortunately, we buy on a wholesale basis and we have to make money out of it. They’re the facts of life, unfortunately.”

Goldman Sachs believes oil prices could return to $140 this summer, suggesting wholesale prices will remain buoyant.

By Alex Lawson Energy correspondent

The US needs to grab their policies by the balls and change the law, to strongly encourage investment in renewables. Now is not the time for sitting on the fence. The President needs to act, and act fast, as if his pacemaker depended on it.

BOSTON HERALD 11 JUNE 2022

Thank a Biden voter today — the average price of a gallon of regular unleaded gasoline hit $5 yesterday for the first time ever in the US.

On election day 2020 the price was $2.10 a gallon.

On the day Dementia Joe Biden was installed as president, the price had already climbed to $2.39 a gallon. Because Big Oil knew full well that the inmates were about to regain control of the asylum.

A year ago, the price had skyrocketed to $3.07. Just a week ago, it was $4.81.

On Friday, Dementia Joe Biden doddered up to a microphone at the Port of Los Angeles and reassured the American people:

“Today I’d like to speak about my top priority: fighting inflation.”

This was an hour or so after his own regime admitted that inflation is raging at its worst level since December 1981 — 8.6 percent. And by the way, does anyone believe that’s the real number? It’s a lot worse than that, and everyone knows it, even the Democrats’ low-info voters.

“We’ve never seen anything like Putin’s tax on both food and gas.”

Putin’s tax? Which Congressional district was Vladimir elected from?

In the fall of 2020, when gas prices in much of the country were still under $2 a gallon, President Trump presciently warned voters:

“If Biden got in, you’d be paying $7, $8, $9. Then they’d say, ‘Get rid of your car.’”

Which is exactly what a Democrat senator from Michigan said last week, bragging about her new EV. If you can’t afford $5 a gallon, just spend $60,000 on a new Tesla. That’s moonbat math.

Don’t forget — Biden promised during the campaign to get rid of all fossil fuels. But that’s okay, because earlier last week he outlined his dreams for the Green New Deal.

All dialogue guaranteed verbatim:

“We have you know one of seven of all the changes that have taken place in terms of solar wind and wind pumps I mean uh pumps and like have occurred in the last 18 months.”

Solar wind? What an amazing new technology! And wind pumps too. This was after his new press secretary — who brags that she’s a black lesbian immigrant — went on state-run television and said that Biden was releasing “one million barrels per month” from the strategic petroleum reserve.

Not a million barrels a day. A million barrels a month.

At the Port of Los Angeles Friday, Brandon introduced some four-star general that he’s put in charge of something or other.

“He’s helped us identify and get ahead of the challenges that raise that arise at our ports.”

This general, Brandon bragged, has great experience in transportation, involving “tens of millions of billions of tons of things to move.”

May we quote you on that, Mr. President?

This photo op was taking place as the stock market was crashing another 880 points. But don’t worry. Brandon feels your pain.

“People who are feeling not knowing where they’re going not knowing how to respond not knowing how to act …”

Present company excluded of course, right, Mr. President?

As always, he just lies about everything, knowing that he will never be “fact-checked” by, say, the Washington Post, which reported on Nov. 12, 2020 that there was absolutely no danger of gasoline prices spiraling out of control just because a dementia patient was about to be installed as president.

“Experts say these fears are overblown.”

Can we quote you on that, Washington Post?

In another economic report issued Friday, the government reported that Americans’ real income — after inflation — is down 3% over the last year, with most of the decline coming in the last few months, as the regime repeals one sane Trump-era policy after another.

“Since I took office families are carrying less debt on average in America. They have more savings than they’ve had.”

Where’s the Disinformation Governance Board on that whopper? How about this one?

“For example we began by lowering the cost of high-speed internet because what y’all did dealing with the uh uh with uh the the infrastructure bill working with the service providers we cut the price and rise and raised the speed.”

Has your internet-service bill gone down?

I’ve been on the road in northern New England the past couple of days. In Maine, there’s a joke that the only crime that’s down this year is arson — because nobody can afford to buy enough gasoline to torch a building.

What’s going to happen next winter? The price of home heating oil is already more than $6 a gallon. When the price gets this high — and it’s never been higher — poor people die. They freeze to death, they die of carbon monoxide poisoning, they’re burned to death in house fires trying to keep warm.

Does Brandon care? Hey, it’s just part of the fundamental transformation of America.

On Friday night, I was driving home when I noticed my gas tank was on empty. I pulled up to a self-serve station in Londonderry, N.H. The price was $4.99 a gallon — a bargain. I started pumping and a woman in a mini-van drove up next to me.

She got out of her vehicle, noticed the prices and then did a theatrical double take. She was wearing a mask, and so was her little kid, so I knew she was a member of the cult that’s ruining the country.

This Brandon voter threw her arms up in the air and shouted, through her Fauci face diaper, “That’s a lot!”

I should have asked her who she voted for. I should have told her that elections have consequences, and that stolen elections have — oh, never mind. But I just bit my tongue and stared at my own pump and considered the final damage — $61.

Thank you, Brandon!

LINKS & REFERENCE

https://www.theguardian.com/money/2022/jun/09/why-filling-up-the-average-family-car-in-the-uk-has-topped-pounds-100-tank-diesel-petrol
https://www.theguardian.com/money/2022/jun/10/uk-motorists-100-pounds-tank-petrol
https://www.msn.com/en-gb/cars/news/is-this-the-end-for-diesel-record-fuel-prices-and-2030-car-ban-putting-drivers-off/ar-AAYkReI

https://www.bostonherald.com/2022/06/11/howie-carr-thank-a-biden-voter-today-for-setting-new-record-5-gas-for-the-first-time/

ELECTRIC CARS RUNNING ON GREEN HYDROGEN WILL BE MUCH CHEAPER THAN FOSSIL FUEL BUGGIES