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Monday, January 23, 2012

Penyffordd Diesel to double?


Lovely piece of kit. One of the American aircraft carriers in the Gulf. My dad used to fly off one of these in the second world war. I've sailed on Arab commercial shipping as a ship junior engineer. 

In fact I was employed by United Arab Shipping that used to get torpedoes through their ships during the Iran Iraq war by the Persians.
I'd left by that time fortunately.

USA and Europe have picked a strange time to pick a fight with Iran the third largest oil producer in the world with all their economies down the toilet.

Fuel is at high cost levels. USA and Europe have trillions of dollars, euros and pounds outstanding in derivative bets that are being hidden from the taxpayer.
Their economies are a parcel of lies held up by the main stream press.
Business is refusing to invest and rightly so.

We of course are going to pick up the tab through higher taxation. Call it green taxes call it what you like.

Higher fuel costs means more taxes. More money to pay down bank debt of which we were not a sharer of any possible profits, just the debts.

World wars are used to stimulate economies.

We can stand a doubling of diesel price in our household, a lot can't.






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