 | National Liquid Fuels Vulnerability Assessment | The Oil Drum | The Record Falls - January 2008 is the New World Record for Crude Oil (plus Condensate) Production |  |
189 comments on DrumBeat: April 11, 2008
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189 comments on DrumBeat: April 11, 2008
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"It’s time to speak the truth. No more disingenuous questioning and wondering. No more exasperated resignation. We know the reason why oil prices are high, and it’s time to admit it and do something about it."
"Furthermore, global production still outpaces consumption, even accounting for China’s unsustainable economic growth rates.
In short, there is nothing in that equation that says oil should cost what it costs today. Nothing!"
http://www.foxnews.com/story/0,2933,166038,00.html
Fox news: never afraid of being wrong. Nor apologetic for it.
What ever happened to the "wisdom of the market"? Or the "invisible hand"?
Or Helicopter Ben and his printing presses?