Wow... Texas produces another of its wonderful turdblossoms in the form of this amazing exchange that took place in the house of representatives on the pressing subject of where oil comes from.
Wow, it's frightening to think this guy helps write/decide on our laws. What a dingbat.
Showing posts with label oil. Show all posts
Showing posts with label oil. Show all posts
Thursday, April 23, 2009
Monday, February 02, 2009
Drill Baby Drill into the Future???
Well, the GOP had a bit of a tough time picking their new leader but in the end they chose Michael Steele, Lt. Governor of Maryland. Grist magazine helpfully points out today that one of Steele's biggest accomplishments to date has been coining the term, "Drill, baby! Drill!"
That's right! You mighta thunk it was our pal Sarah, but I'll say it ain't so, Joe. It was Mikey who likes oil and drilling so much that he put this clever little tidbit together, and only after it had slipped out of his mouth did it later gain legs and become the happy-go-lucky rallying cry of Mrs. Palin and so so so so so many Republicans from sea to shinging sea.
Wowza.
That's right! You mighta thunk it was our pal Sarah, but I'll say it ain't so, Joe. It was Mikey who likes oil and drilling so much that he put this clever little tidbit together, and only after it had slipped out of his mouth did it later gain legs and become the happy-go-lucky rallying cry of Mrs. Palin and so so so so so many Republicans from sea to shinging sea.
Wowza.
Tuesday, September 02, 2008
Washington Is Starving the World's Poor…
…says a new article by Russell Redenbaugh & James Juliano. It doesn't cover much new ground, but it's worth thinking about. The key idea:
"Ethanol policy mandating that corn and oil become substitutes has forced these two very different supply curves to become one. The much larger global oil market expropriated the supply curve of the U.S. corn market. In short, oil markets now set food prices. This unintended consequence can be seen in global commodity markets."
No doubt Congressional supporters of our ethanol policy would tell us that it "helps American farmers and working families." More evidence, if we needed it, of the wide gulf between political rhetoric and economic reality.
"Ethanol policy mandating that corn and oil become substitutes has forced these two very different supply curves to become one. The much larger global oil market expropriated the supply curve of the U.S. corn market. In short, oil markets now set food prices. This unintended consequence can be seen in global commodity markets."
No doubt Congressional supporters of our ethanol policy would tell us that it "helps American farmers and working families." More evidence, if we needed it, of the wide gulf between political rhetoric and economic reality.
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