Re: Oil disruptions. Yes, if there was a sudden depletion in fuel stocks, there would be a spike in oil and fuel prices. But to counter that, you are quite correct in assuming the gov't would institute price controls and rationing. Americans suffered through rationing for years during WWII as you correctly note, I don't see why we can't survive a 3-6 month disruption of production and refining capacity.
The govt will definately be forced to institute rationing. Here is the priority of what little gas will be available:
0. certain top govt officials private cars: Klinton, Gorey, the Queen, governors, cabinet ministers, etc.
1. utility companies,
2. hospitals and nursing homes,
3. vital govt vehicles, such as fire, police, etc.
4. the military.
5. key personnel that have to work on the fallen grid.
6. key medical personnel.
Do not expect any remaining for the individuals, who will be LAST on the pecking order
Do not expect modern civilization to survive 3-6 months without fuel!
To understand this statement, examine the Fatal Five model, so I don't have to spend hours discussing it in depth,please.
Uh Ken... I don't believe we import much in refined products from Venezuela.
The correct figure is 15%, of our imported oil comes from Venezuela.
stocks to the SPR was an attempt to subsidize these operations. Once a stripper well is shut down, it is cost prohibitive to reopen the well and you effectively lose that major source of domestic production.
Correct on these and some of your other related statesment about US production figures. Overall, our oil exports account for more than 50%.
Our society cannot continue as is without foreign imports. Y2K will seriously/totally disrupt our own production/refining/transport in addition.
These various factors are why I so emphesize oil, from ground to utility co/gas tanks, as being the archille's heel of modern civilization.
Ken, when you're analysing the potential effects of Y2K, you shouldn't disregard the actions that Gov't can take to maintain order and social confidence.
i absolutely am with you on the above! As far as social confidence, this is what we see every day, thru the govt and private sector 'spin-doctors' reports!
As far as 'MAINTAINING ORDER', it has been suggested that I not post
the numerous articles on this thread relating to declaration of Martial Law and State of National Emergency, and activation of the already-in-place EOs and PDDs, and relating to FEMA control of the US, under the NSA, with the federalized national guard, backed up by the police and army and navy, protecting the major cities, and suspension of the Constitution and 2000 elections, with resultant loss of our civil rights and liberties, abolishment of due process, etc.......
Yes, Ron, 'MAINTAINING ORDER WILL BE THE FIRST PRIORITY OF THE GOVT!
THE FIRST PRIORITY!
Ken "its too.......!" |
