Why Have Oil Prices Dropped? Ask John McCain
OK, enough snide comments about John McCain being a senile old man with a quick temper and a shady past. His grasp of cause and effect is just uncanny. While everyone else is coming up with wacky theories about why oil prices are decreasing, McCain hit the nail on the head.
President Bush has single-handedly caused the decline in oil prices. And how did he do it? By lifting the presidential ban on offshore drilling. You go Dumbya!
As you know, it’s completely meaningless for Bush to lift the White House ban on offshore drilling. In order for any offshore oil exploration to begin, Congress has to lift their ban on offshore drilling. And that ain’t happening. Democrats control the agenda in Congress, and they aren’t about to let that volatile issue come to a vote.
So it means absolutely nada — zilch! — for Bush to lift the White House ban on offshore drilling. (It was Bush Senior who put that ban in place eighteen years ago.)
McCain said the “psychology” of lifting the White House ban has affected the world market.
Isn’t this great? Do you realize what this means??? Just think of the incredible implications of McCain’s revelation. We don’t need to drill for oil any more!. All we have to do is say we’re going to, and — Presto! Lower prices!
OK, I’m going to solve this ridiculous energy crisis right here and now. I’m going to hire an army of bulldozers and we’re gonna go plowing into that F#$%!# Alaska National Wildlife Refuge with a vengeance. Rip those Goddamn polar bears and bald eagles out of the way and start drilling!
Let’s see, has the price of oil started plummeting yet…
cross-posted at Bring It On!
posted by Tom Harper @ 12:00 PM
11 Comments:
So ridiculous. So it seems as if McCain and his cronies all think everything is in our minds...the recession is just in our minds, and now oil magically goes down in price simply for psychological reasons.
It's sad to see what McCain has become..just another desperate Republican fueling his campaign with lies told to voters who should know better.
Mauigirl: Yup, no wonder McCain and Phil Gramm made such a great pair. The economy would be fine if everybody would just quit whining, and gas prices will automatically go down if we talk about drilling for more oil, whether we drill or not.
These people really do live in a bubble.
J: McCain really has deteriorated. But from what I've read lately, his "maverick" "shoot from the hip" image was always carefully calculated and cultivated. In any case he's done so many flipflops and so many gaffes (a lot more gaffes than Reagan ever did) that he's lost all credibility.
I can think of three much more likely reasons for this oh-so-timely dip in oil prices.
1. Consumption has dropped in a big enough way to make the oil companies and their investors nervous, and worry speculators holding futures contracts for large quantities of the stuff.
2. The consumption downturn plus slightly increased Saudi production adds to discomfort caused by No. 1.
3. The GOP and McCain campaign have gotten to Big Oil interests and speculators, telling them that if they want to keep their gravy train on the track, they had better ratchet prices down, at least until Flip-flop McPander is in the White House. (Then they can all join in singing a few choruses of "Happy Days Are Here Again.")
SW: Those three reasons sound pretty accurate -- a whole lot more accurate than McCain's voodoo theory.
mauigirl wrote: "So it seems as if McCain and his cronies all think everything is in our minds. . ."
Right. Why, just today I imagined more than 4,000 of our troops' lives were wasted in a war that should never have been undertaken. I then imagined we were all on the hook for up around $ 2 trillion (counting interest and carrying charges) for that same war. To top it all off, I got this crazy idea the people supposedly liberated for all those lives and all that money basically hate our guts and want our troops the hell out of their country yesterday.
Silly me, to be put off by such Twilight Zone notions. I must be overdue for some kind of counseling.
Not!
I'm going to life my wife's ban on me having intimate relations with Gillian Anderson.
Wow! I do feel better already! You guys should try this 'psychology' thing, it's not just for DFHs anymore!
Know what's really scary? It's just one more gaffe that the media will quickly gloss over. Now if Obama had said something equally stupid, well, you know how Angry Black Muslim Nazis are...
SW: Hey, quit imagining all those terrible scenarios. OMG, look at what you've done.
Randal: Yup, that psychology gimmick really works. And we owe it all to John McCain for his stunning insights. He's got my vote.
No doubt, if Obama said anything remotely that absurd, it would be all over the headlines 24/7.
Naomi Klein's "Disaster Capitalism" explains it all. People using a crisis to promote their own agenda and make their friends richer. Is this how we will be remembered decades from now, as the generation that sat back and allowed our leaders to screw us over? Um, Yes.
Jo
Jo: I'm familiar with Disaster Capitalism. I haven't read the book (I should) but I've read articles about her and an interview. That's exactly what this is, a few people getting richer from something that's a catastrophe for everybody else.
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