Jones Alley
rude and crude
This may come as a surprise, but this country is full of retarded people. All of the cable news channels today are heralding Saudi Arabia's announcement that they will raise their oil production by two percent, which will somehow magically bring down the price of gasoline. It's all so simple, it's just "supply and demand" that sets the price of oil, and if the Saudis pump more goo out of the ground, we will have dollar-a-gallon gas again. Unfortunately, our retarded citizenry can't see the truth that sits before their eyes.
Is supply really the problem?
Every gas station is open, every gas station is meeting the demand of their customers, there have been no shortages, no gas lines, no rationing, not the slightest hitch in people getting the gasoline they need. Everyone that is willing to pay the price can fill their tank any time and any place they want to. In other words, no, supply is not the problem, and adding a couple of percentage points to the amount of oil being extracted is not going to change a damned thing.
We had the chance to start preparing for this predictable turn of events thirty-five years ago and instead, the country decided to mock President Carter for sounding the alarms (and wearing a cardigan) and ultimately voted a crew of oil industry people into the White House thinking they would be the ones who could "fix" the very situation that is making them and their cronies rich beyond all dreams of avarice.
We have the future we paid for and the truth is, we deserve it. Enjoy those decorative lawn Hummers, they will make great playhouses for the kids.
Is supply really the problem?
Every gas station is open, every gas station is meeting the demand of their customers, there have been no shortages, no gas lines, no rationing, not the slightest hitch in people getting the gasoline they need. Everyone that is willing to pay the price can fill their tank any time and any place they want to. In other words, no, supply is not the problem, and adding a couple of percentage points to the amount of oil being extracted is not going to change a damned thing.
We had the chance to start preparing for this predictable turn of events thirty-five years ago and instead, the country decided to mock President Carter for sounding the alarms (and wearing a cardigan) and ultimately voted a crew of oil industry people into the White House thinking they would be the ones who could "fix" the very situation that is making them and their cronies rich beyond all dreams of avarice.
We have the future we paid for and the truth is, we deserve it. Enjoy those decorative lawn Hummers, they will make great playhouses for the kids.
posted by Milo Johnson at 11:27 AM
2 Comments:
We are being outnumbered by stupid people.
It isn't just that they're stupid. It's that there's are smart people who are using the situation to their advantage, manipulating the prices to funnel money into their pockets. It should come as no surprise that a system of government oversight of oil trading which had worked for decades was removed in 2000 at the request of lobbyists for Enron.
At the same time, of course, the price of gas is only part of the problem. We still don't seem to be taking the issue of alternatives seriously, though. You'd think they'd be a great investment opportunity.
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