Thursday, December 9, 2010

The high price of gas is related to a slow boat to China!

DECEMBER 9, 2010

Well the world got the WikiLeaks founder, Julian Assange. Do you feel safer? I do not think it should be illegal to embarrass people, especially people who should be embarrassed themselves by their conduct. The sexual crime charges brought against Assange seemed trumped up to me but they could be based in fact or greed.

Dandy Don Meredith, the Dallas quarterback and Monday Night Football color guy died earlier this week. He was drafted by the Chicago Bears but never signed or played with them. Someone turned out the lights for good; Don Meredith’s party is over for good.

December 9 is … National Pastry Day. Have a donut for me.

Crude oil prices hit a two year high Tuesday, topping $90.00 a barrel. It is expected gas prices will top $3.00 a gallon by Christmas; they already are over $3.00 in some places and then pull back moderately. By spring they will be on the way up again. Once they get over $3.00 a gallon for an extended period, the driving public will get used to it and prices will not go below $3.00 again. The industry is always blaming some obscure world event to justify rising gas prices. This time they claim it is the demand for diesel in China.

America has never had $3.00 a gallon gasoline at Christmas mostly because the shorter daylight reduces use. That will change this year.

For those of you wondering; (from Wikipedia)
The standard barrel of crude oil or other petroleum product (abbreviated bbl) is 42 US gallons (34.9723 imp gal; 158.9873 L). This measurement originated in the early Pennsylvania oil fields, and permitted both British and American merchants to refer to the same unit, based on the old English wine measure, the tierce. Earlier, another size of whiskey barrel was the most common size; this was the 40 US gallons (33.3 imp gal; 151.4 L) barrel for proof spirits, which was of the same volume as 5 US bushels. However, by 1866 the oil barrel was standardized at 42 US gallons.
Oil has not actually been shipped in barrels [1] since the introduction of oil tankers, but the 42-US-gallon size is still used as a unit for measurement, pricing, and in tax and regulatory codes. Each barrel is refined into about 19.74 US gallons (16.44 imp gal; 74.7 L) of gasoline[2], the rest becoming other products such as jet fuel and heating oil, using fractional distillation.[3]
The current standard volume for barrels for chemicals and food is 55 US gallons (46 imp gal; 208 L).
 A barrel or cask is a hollow cylindrical container, traditionally made of vertical wooden staves and bound by wooden or metal hoops. Traditionally, the barrel was a standard size of measure referring to a set capacity or weight of a given commodity. For example, a beer barrel was originally a 36 gallon capacity while an ale barrel was a 32 gallon capacity. Wine was shipped in 31.5 gallon barrels. Barrels are one size of cask. Other cask sizes include, but are not limited to, pins, firkins, kilderkins, puncheons, rundlets, tierces, pipes, butts, and tuns. Someone who makes barrels is a cooper. Modern barrels are also made of aluminium, stainless steel, and plastic.
Barrels have a variety of uses, including storage of liquids such as water and oil, fermenting wine and sake, and maturing beverages such as brandy, sherry, port, whiskey and beer.
Don’t forget to buy my book. The book is going fast. It makes a great Christmas gift or two.
BRUCE A. BRENNAN
DEKALB, IL 60115
COPYRIGHT 2010
Email: brucebrennanlaw@aol.com
www.brucebrennanlaws.com
www.lawyerbruceabrennan.com
Go to web sites below to buy books by Bruce A. Brennan
http://www.barnesandnoble.com/ (do a quick search, Title, my name)
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