Oil, Oil Everywhere and not a Drop to Pump

If you're a car-less New Yorker and don't have to deal with $3.00/gallon gas prices, it's reasonable to ask which is worse, high oil prices, or all of the attention paid to them?  There's been so much rubbish from everyone, the press, The President, The Senate, O'Reilly, etc. that it almost seems like a hazard to turn on the television.

The President has no joined the shrill crowds who claim that America is addicted to oil.  Addicted, as in alcoholism.  Of course, our use of oil actually helps us accomplish things, unlike alcohol addiction.  And while we may want to consume less of it, going cold turkey probably wouldn't be a wise idea.  Were we addicted to oil back when, say, it was around $25/barrel?  Were we addicted to oil back when Bush and Cheney were in the oil business?  Were they peddling petrol just to feed an addiction?  For shame.

I made the mistake of turning on The Factor, Friday night (stupid).  Bill was yammering about how the government lacked the political muscle to mandate that all cars run on ethanol.  Political muscle is one way to look at it -- constitutional authority is another one.  The funny thing is, he concluded his bizarre and paranoid rants by encouraging Americans to boycott oil, which would bring the price down.  He's right, it would; although what some call a "boycott" others would just call conservation.  I'd like to see O'Reilly utter that word.

There's a lot of ranting to do right now, something we try to avoid on The 'Wart.  However, I'll just say that I'm very much looking forward to the Summer, but not looking forward to The Summer Driving Season, the media's favorite term.  People drive all year round, and energy prices aren't seasonal, so just stop already.  Thanks.

Comments

[Johnny Debacle]

"However, I'll just say that I'm very much looking forward to the Summer, but not looking forward to The Summer Driving Season, the media's favorite term. People drive all year round, and energy prices aren't seasonal, so just stop already. Thanks."

Double true. If we could broadcast this over the NY skies at night, like the oil sanity bat signal, the world would be a better place. By world, I mean "my consumption of financial journalism." But nonetheless important!

[Freddie]

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