Thursday, June 18, 2009

High gasoline prices: Where are the headlines? 

Greenstapundit is making a good point here.

Meanwhile, in other (somewhat related) news, the Club of Rome continues to be wrong:

Thanks to new drilling technologies that are unlocking substantial amounts of natural gas from shale rocks, the nation’s estimated gas reserves have surged by 35 percent, according to a study due for release on Thursday.

The report by the Potential Gas Committee, the authority on gas supplies, shows the United States holds far larger reserves than previously thought. The jump is the largest increase in the 44-year history of reports from the committee.

There are no limits to growth. Never have been, never will be. Not unless we abolish, or regulate away, human creativity and enterprise.


By Anonymous Anonymous, at Thu Jun 18, 07:32:00 AM:

Maybe Obama can credit Muslims with the horizontal drilling. OMG, that was a Texan, again, but Barry can still credit a Muslim. No one is listening!!  

By Anonymous feeblemind, at Thu Jun 18, 08:18:00 AM:

re high gas prices not in the headlines: Yeah. Of course the recent rise can't be blamed on Bush rigging the price to help his oil buddies anymore.  

By Anonymous Anonymous, at Thu Jun 18, 09:10:00 AM:

Apparently oil is being driven up in price by buyers who don't want to hold dollars, not by actual end-user demand. A similar trend is starting with interest rates. Neither oil prices nor interest rates are high by long-term standards, but this is a bad trend.

What part of "no free lunch" does Obama get? These trends are a response to Obama's profligate plans. We had oil shocks forced on us in the 1970s by action of foreign government -- today we're doing it on our own. There's speculation that the US may be downgraded from AAA as early as 2010. In the market, we already have been.

Higher oil prices and interest rates will add to the baggage we're caring. Add new healthcare taxes to that. Does anyone expect that we'll hit Obama's assumed GDP growth targets after 2010. His budget will blow up and badly.

Link, over  

By Anonymous Anonymous, at Thu Jun 18, 10:13:00 AM:

but, yeah but, Pelosi SEZ, " We won't drill, not here, not now, not EVER......"  

By Anonymous Anonymous, at Thu Jun 18, 03:51:00 PM:

We really don't need headlines about it. We can see it at the pump each time we pay for a new tankful.  

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