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Russia Just Halted All Gasoline Exports For The Next Month
04-28-2011, 03:39 PM #1
Shadow Mrs. Buckwheat
Posts:12,782 Threads:1,182 Joined:Feb 2011
damned.gif


Russia, the world's number one oil producer, just decided not to export any gasoline in the month of May, according to Ria Novosti.

The move will halt all gasoline exports from the country for at least one month, according to Energy Minister Sergei Kudryasho. It is a response to fuel shortages throughout Russia, with Siberia the hardest hit.



Read more: http://www.businessinsider.com/russia-oi...z1KoxeaMnl
04-28-2011, 03:58 PM #2
JayRodney ⓐⓛⓘⓔⓝ
Posts:31,393 Threads:1,439 Joined:Feb 2011
hi5.gif Great find! I bet there is another unpleasent surprise at the pump coming, 10-15% min. is my guess. gaah.gif bad news for an already dead economy and a dollar that looks to be in a free fall.
With the exchange rate as it is I've noticed myself browsing american guitars again. chuckle.gif

wonder.gif
04-28-2011, 04:03 PM #3
Shadow Mrs. Buckwheat
Posts:12,782 Threads:1,182 Joined:Feb 2011
It's going to be really interesting to see how this affects gas prices. I may have to fill up my car today. China last week announced they were cutting off all oil exports. Not that they export a lot, but add that to Egypt, Libya and Russia, we may see some shortages.

edit, link to China cutoff
http://www.energy-daily.com/reports/Chin...a_999.html
04-28-2011, 04:03 PM #4
Octo Mother Superior
Posts:42,969 Threads:1,473 Joined:Feb 2011
Petrol station charges €9.99 a litre for gas

In the town of Filderstadt, south of the Baden-Württemberg capital, the Esso petrol station apparently raised the price to a prohibitive level in a deliberate attempt to dissuade motorists from buying it, police reported. The station was running low on the fuel amid a nationwide shortage.

İmage

read more at http://www.thelocal.de/national/20110426-34621.html

damned.gif


04-28-2011, 04:18 PM #5
Shadow Mrs. Buckwheat
Posts:12,782 Threads:1,182 Joined:Feb 2011
wtf2.gif Now that's scary. Sonuvabitch. damned.gif
04-28-2011, 04:30 PM #6
JayRodney ⓐⓛⓘⓔⓝ
Posts:31,393 Threads:1,439 Joined:Feb 2011
Scary yes, but IMO this also signals the death of globalism as the unsustainable concept buckles under it's own enormous weight. A global economy can not consist of 3rd world countries and 10 euro a liter gas prices.

wonder.gif
04-28-2011, 04:38 PM #7
Shadow Mrs. Buckwheat
Posts:12,782 Threads:1,182 Joined:Feb 2011
What's scary is a gas station doesn't want to sell it's gas. That's ğkking crazy, that's ... well when merchants tell you they're keeping their merchandise for themselves.

Ay yi yi damned.gif
04-28-2011, 09:38 PM #8
Accidental Stoner Member
Posts:8,923 Threads:71 Joined:Feb 2011
İmage
04-29-2011, 04:31 AM #9
Tacolover II Member
Posts:427 Threads:59 Joined:Feb 2011
Slightly off topic but I am happy to report West Texas Intermediate Crude has fallen From $112.66 to $112.65.

Now we're getting somewhere

clap.gif
04-29-2011, 08:30 AM #10
Octo Mother Superior
Posts:42,969 Threads:1,473 Joined:Feb 2011
fantastic 37.gif
04-29-2011, 12:38 PM #11
JayRodney ⓐⓛⓘⓔⓝ
Posts:31,393 Threads:1,439 Joined:Feb 2011
37.gif Thats high single digit drama right there.

wonder.gif
04-30-2011, 12:30 AM #12
Upāsaka Member
Posts:1,383 Threads:252 Joined:Feb 2011
İmage

When long distance travel is required, Amish Airlines the only way to fly.
04-30-2011, 01:44 AM #13
Octo Mother Superior
Posts:42,969 Threads:1,473 Joined:Feb 2011
lol.gif



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