At the Pump: Down with Gas!
Gas prices are down -- it's party time! All it takes is a hearty appetite, and a good-old-American willingness to forget that the rest of the storm is still headed our way.
Gas prices are down -- it's party time! All it takes is a hearty appetite, and a good-old-American willingness to forget that the rest of the storm is still headed our way.
Devising new and hilariously clever agitprop words like "Defeatocrats" is clearly more patriotic than actually addressing the principle source of global and domestic instability.
The current low price of gas, and its imminent skyrocketing, is an entirely predictable phenomenon.
What did it mean when oil prices Monday spiked by their largest amount in history, $16 in one day? It means something is seriously wrong with the oil price market.
Any sort of cash incentive to get manufacturers to build more efficient vehicles -- and to get people to buy more of them -- is an admirable thing. But let's not forget that if people just make smarter choices, this nation's energy usage will go down dramatically.
This is easily the best energy plan ever put forward by a nominee of either party. By comparison, the plan of John "Nothing but Nukes" McCain plan is a joke.
Why are the Democrats in Congress, and the Obama campaign, still fluttering with anxiety to join the "Drill Here, Drill Now, Pay Less" campaign introduced and orchestrated by Newt Gingrich?
The president who said "America is addicted to oil" now begs the Saudis for another fix, prostrate before his top foreign "dealer," begging for more, even at the risk of public humiliation.
McCain says "Drill here, drill now!" to reduce the price of gas, but every time the price of oil goes up, more jobs return from China, and first to the basic heavy industries like steel. Why does he hate the rust belt states? Or, for that matter, Mexico?
John McCain may not know what gas costs or when he last pumped any, or performed any other act not connected to politics or outpatient care, but he's had hundreds of town hall meetings.
OPEC is acting to immediately stabilize prices in the neighborhood of $70-$90 per barrel. Just eight years ago OPEC tried to keep prices in the $22-$28 range.
Supply and demand is one factor in determining price, but another factor used to be called "competition." Again, I'm not an economist, but I'm pretty sure that was supposed to drive prices down.
A recent Times propaganda piece could have been written by the PR departments of the best and brightest of the oil companies, the American Petroleum Institute, or OPEC flaks.
I had a chance to talk about the U.S. economy, the dollar and oil as it relates to Iraq and Iran this week with Afshin Rattansi on Iran's press TV (oh...
Relentless increases in gas prices have taken a huge bite out of consumer pocketbooks. Annual expenditures on gas and motor oil have increased by well over $1,300 in the past five years.
When so much power rests with one man, and that man is as whimsical as Hugo Chavez, longer-term economic stability will remain in doubt.
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See! When the US stays OUT of Middle Eastern affairs Muslims shoot other Muslims instead of shooting at US soldiers. Let these people solve their OWN problems!
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