Question for the Hopenchangers
Below the fold is a simple question for Barack Obama and everyone else who insists that “we can’t drill our way out of the problem” of skyrocketing gas prices.
WTF part of “supply and demand” don’t you understand???????!!!!!!
UPDATE: Apparently the answer is the part about “supply,” and that bit on “demand.”
UPDATE x2: A brilliant letter-writer to the Wizz-Urinal gets it. Their own editorial staff, not so much.
UPDATE x3: Another letter-writer responds, arguing that more drilling won’t do any good because it takes too long, costs too much, and there’s no such thing as a futures market. Plus, the world’s supply of oil is going to run out eventually, so why postpone the inevitable?
June 18th, 2008 at 10:01 pm
Here’s my answer to your question:
http://richmonddemocrat.blogspot.com/2008/06/why-we-cant-drill-our-way-out-of-higher.html
June 19th, 2008 at 9:01 am
[...] Update: I think I found your answer. [...]
June 19th, 2008 at 9:31 am
Not much of an answer. A little course in economics would help tremendously (especially the parts about increasing supply, while decreasing profit per unit, actually increases sales and increasing profits).
June 19th, 2008 at 10:07 am
I know, but then again, how much coursework does one need to understand that anything that increases supply but not demand (or vice-versa) will cause prices to fall (or rise) accordingly? Marbles may be sharp enough to figure that out, but apparently liberals aren’t.
Then again, maybe the law of supply and demand is just another one of those failed policies of the past that the new kind of politician audaciously hopes to change.
June 19th, 2008 at 12:13 pm
The problem with Marxists is they *think* they understand Economics because their own wildly distorted Theory of the World and religious belief-system contains the words “economics” and “capital” in nearby sentences, but they only get-it insofar as a bank robber “gets” Finance…
June 19th, 2008 at 1:29 pm
We also can’t “build” our way out with nuclear, hydro-electric and geothermal power plants. Let’s face it folks. Nature intended us to chase down our food on Africa’s plains with the thighbone of an antelope and anything else is just plain arrogant ignorance.
June 19th, 2008 at 1:36 pm
“Then again, maybe the law of supply and demand is just another one of those failed policies of the past that the new kind of politician audaciously hopes to change.”
If that isn’t the quote of the day, I’d like to read the winner.
June 19th, 2008 at 4:24 pm
Wow. I started to leave a comment, along the lines of “no, we can’t ‘drill our way out’ of a finite supply of oil, but we can sure-as-hell ease the pain while the free market makes the transition to other sources of energy” but then I noticed “Comments (0)” for a post twenty-four hours old.
So I scrolled down.
“Comments (0)”
“Comments (0)”
“Comments (0)”
I had to go back to May to find any comments at all. Hell, that’s not crickets you hear - it’s tumbleweeds and windchimes. (Reminds me of a certain green-mineral/yellow-metal troll’s site. Heh.)
June 20th, 2008 at 4:49 pm
[...] Oil, hydrogen and wishful thinking [...]
Physics be damned, everyone go fuel cellian!