Thoughts on the Price of Gas

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If you correct gas prices over the last thirty years for inflation you will see that real gas prices have been very cheap up until now, it’s not the beginning of expensicve gas, it’s just the end of cheap gas.

The US holds roughly 3% of the world’s oil reserves, so if we drilled and pumped oil from every workable location in the US including ANWR it would not effect the price of gasoline one bit.

Taking oil from our nation’s strategic oil reserve just to effect gasoline prices is a dumb idea.

Corporate profits are the money left over after all other expenses are removed, so when an oil company executive claims on TV that they need these obsene profits for exploration and R&D they are being less than genuine. Profits are the money left over after all of the expenses, including R&D and exploration. They should stop treating us like idiots.

Quote for the Day

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Not a new one, but Tom is in the news this week, and it’s worth seeing:

Guns have little or nothing to do with juvenile violence. The causes of youth violence are working parents who put their kids into daycare, the teaching of evolution in the schools, and working mothers who take birth control pills.
— Tom Delay (R – Texas), on Columbine.

The Perils of Money in Politics, Just One Example.

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Chris DoddA friend of mine who likes to bring up misdeeds by democrats as proof that republicans are beyond reproach (I’m not sure how that works) told me that Chris Dodd is responsible for the accounting scandals from the late 90s to the present. I do not defend Dodd’s role in the problem but I do think there is blame to share. The story is actually quite interesting. A good synopsis of the problem and why it came to be was done by Frontline and you can watch it by following this link. If you can’t watch the whole program see at least chapters four and six.

http://www.pbs.org/wgbh/pages/frontline/shows/regulation/view/

Note: this link is no longer active, apologies.

Get Informed, Stay Informed, Start Before Election Season

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Andy Rooney once put forth the proposition that people who do not bother to stay up on the issues of the day should not vote, possibly canceling out his informed and carefully considered vote. I can agree in principal. I’ve watched people try to sift through and understand current events for the last 30 days before an election, having ignored all the relevant issues for the previous 23-47 months.

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