Did anyone else hear Dubya's comments today on his "new energy initiatives"? Did anyone notice that he didn't say a single word -- not one! -- about conservation? Does anyone else find this deeply disturbing? We could drill every inch of land and coastline in the United States and it wouldn't change the fact that there is a finite amount of oil
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SUV sales are down, meaning less gas is being used there.
So why the increase? When Bush was inagurated, gasoline was $1.47 a gallon. Today's average is $4.073 for regular. Only a small part of that increase can be blamed on the fall of the US dollar.
Bush and McSame believe we need to ween ourselves off of our dependence on oil...by drilling more oil. That's how crackheads think not rational policy makers. If I can just get more crack, it will make me use less crack. As in the Guinness ads, "Brilliant!"
Most believe the culprit is the "Enron Loophole" passed with the help of Phil Gramm (McCain's economic advisor). It sure ain't supply/demand any more...
Here's a differing view...as long as supply=demand...internally supply is exceeding demand, but internationally demand is still growing. However, if the former chairman of the CFTC is ( ... )
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