It started with Lou Dobbs on Bill O'Reilly's show. Dobbs came on one night and said that the USA now has plenty of oil, and the reason the price of gasoline is going up is due to US oil companies selling to buyers overseas. So, his story goes, even if we drill more oil domestically, the price of gasoline will continue to rise.
I don't quite understand the logic. They say -- including Liz Claman from Fox Business -- that the oil market doesn't respond to supply-and-demand because "it's a global market."
That doesn't make a damn bit of sense.
I mean, are Lou Dobbs, Bill O'Reilly, and Liz Claman inferring that supply-and-demand only works in the USA? (And it hasn't been working here so well since the Comrade was inaugurated.) I'd love to hear a detailed and rational explanation about this, but it doesn't seem to be forthcoming.
You just get Bill O'Reilly acting like an 8th grader caught by the nuns while smoking corn silk behind the rectory. Nervously waving his arms around, shouting like he's high on something, Lou Dobbs grinning like a fool and offering no more information. And Liz Claman saying, "Unfortunately, it's a global market." Liz, I repeat, what the hell does that have to do with it?
Let me get this straight -- if you enlarge the supply, the price won't go down? Why? If the US contributes to the global oil supply, if we produce more, why won't that contribute to the global oil supply? This is not computing.
She also claims that the problem with drilling in the coastal regions of the USA -- that is, offshore in the Atlantic and Pacific -- will never happen because the states don't want it.
However, I think it's been pretty clear that -- the BP oil spill notwithstanding -- people in the Gulf states would be very happy to resume offshore drilling. And then we wouldn't have to buy it from Brazil -- or fund the Brazilian industry.
And I'm not so sure people on the coasts would much rather pay $8.00 a gallon than drill here. I really suspect that kind of lunacy is still pretty much confined to California. And I'm not convinced even Californians will continue to object. After all, only a tiny percentage of California's population is in Sacramento. Everyone else out there drives 50 to 100 miles to work and back every day.
Right now it is possible that US oil producers are selling more overseas. Overseas buyers seem to be willing to pay more for it, and overall, we've had a mild winter here. But with an expanded supply -- the price will go down. Not tonight, but if we'd begun drilling more extensively 10 years ago, I doubt there'd be a problem now.
So what's the answer, Lou, Bill, and Liz? Just sit here like a bunch of democrats and whine? That is to say, hop on the Comrade's bandwagon, adopt his tactics and attitudes? "Poor me. There's nothing we can do. And it isn't my fault."
Or I suppose we could kiss Iran's butt and/or convert to Islam? (I'm sure the White House would go for that in a heartbeat.) Appoint that gremlin in Venezuela to head the Dept. of Energy?
Or shall we continue to invesf in silly crap like Solyndra? Is that what you're suggesting? Sure sounds like it. GM's next project: creating solar panels and wind turbines that fit on top of a Chevy Volt. Is that it?
Or is this just Fox's latest strategy to clear Mitt Romney's path to the White House? Fox has always wanted Romney. Or Mitch Daniels. Romney if they can't have Daniels.
Fox has this statement -- or at least Brett Baier does -- about being "unafraid." But it looks like they'll be waving the Comrade's banner pretty soon. They're already starting.
What? The FCC threaten to pull their license? Or are they just trying to dump Newt Gingrich -- who's been touting his own energy policy and promoting drill-baby-drill? This whole argument also knocks Santorum's chances, since he's been talking about even the oil supplies from Alaska pooping out in a few years -- not enough will be drilled to keep it flowing across the arctic.
So here's my challenge to Fox -- they need to come up with a solid explanation for all their negativity about oil and the rising price of gas. I mean something documented and detailed. I'm still willing to listen if they've got anything intelligent to say. Or maybe they're just getting so much money from Romney's super pac in advertising that they've decided to help him by running their own kind of negative editorializing.
In any case, I will miss being able to regard Fox as a credible source for news.
Save the Republic -- and looks like we can't expect much help from any of the big media.
No comments:
Post a Comment