Posted by Johnnymac 11:34 AM
A few days ago, I received an email about this silly gasoline boycott that is all over the news today. I won't point out who sent me this email except to say that that person is fucking ignorant about most other things, too.

I am not going to get on a riff about this thing, except to point out that anyone who thinks that the oil companies somehow have some sort of malevolent fault in all of this, like all of the people I keep hearing being interviewed on the radio, are people who should have paid more attention in high school economics.

And if you are so inclined that you would like to challenge me on this - that you think you can convince me that gasoline costs $3/gallon just because Exxon is greedy - bring it on and I'll shoot down your fucking ignorance, too.

It is what it is, and despite the hysteria, the world oil market, all the way down to your local gas station, is actually one of the most competitive markets there is and that there ever has been. If you don't like it, don't drive your minivan so fucking much.

2 Comment(s):

Posted by  Anonymous, at 7:35 PM, May 15, 2007  

Now THAT is the Johnnymac we all know and love! Classic!

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Posted by  Anonymous, at 7:36 PM, May 16, 2007  

Though the airwaves and print are full of ridiculous ideas related to the energy industry, I have noticed one trend (sparked by the war in Iraq, concern over global warming and the price of gasoline) lately:

The general understanding of the industry has increased dramatically over the past few years. Very mainstream outlets cover energy-related topics that previously were not found outside of Platt's.

To say it has "increased", of course is a statement on its relative state; I do not think that there is a good understanding out there of the industry....yet. But at the rate that the layman's understanding is increasing, I think that there will be more informed debate in the future.

dr fro

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