4 chapters across the catalog
Cyprus Oil Strike and 2012 Republican Ticket Predictions
The Red Book records a prediction of a massive oil strike in or around Cyprus. Political forecasting for the 2012 election suggests Mitt Romney will lead the Republican ticket with Rick Perry as the vice-presidential candidate to provide an evangelical balance to Romney's Mormonism.
Strikes at French oil refineries led by the CGT union have caused widespread fuel shortages, affecting approximately 30% of gas stations across France. The union rejected a 7% pay raise offer, holding out for a 10% increase to reflect the windfall profits of energy companies. The French government has threatened to requisition workers to restore essential services.
California Gas Prices, Chevron Refinery Labor Dispute
Gas prices in California have surged toward $8 a gallon, which media reports attribute to regulatory issues and refinery maintenance. However, local insights suggest the primary cause was a near-strike at the Chevron refinery, which forced a slowdown of operations. Because refineries take weeks to return to full capacity, the supply remains constrained despite the labor dispute being resolved.
An explosion of confiscated Iranian weapons at a Cypriot army base destroyed the island's main power plant. The hosts speculate that the conflict in Cyprus is driven by a massive "oil strike" and the interests of Russia and Turkey. They analyze Hillary Clinton's support for Greek austerity as a move that aligns with Turkish interests in the region.
