Re: Shocking New Video: Why McCain Wants to Drill Up Our Tourist Beaches

On 2008-08-05, The Moderator <sparky@[EMAIL PROTECTED]
> wrote:
>
> "Wolf Leverich" <leverich@[EMAIL PROTECTED]
> wrote in message 
> news:slrng9eci6.hpe.leverich@[EMAIL PROTECTED]
>>> No question oil is a commodity and the price is affected by demand. 
>>> Demand
>>> keeps going up, but when President Bush announced he was removing the
ban
>>> from off-shore drilling the price dropped $10 a gallon.
>>
>> You're implying causality that isn't there.
>>
>> Oil traders know that remaining American reserves are
>> almost surely too small to affect world oil prices, and
>> can't come online for a decade or more.
>>
>> If you believe the markets are looking a decade or more
>> out in the future, then why weren't they pricing in
>> China and India's growth a decade ago?  ;)
>>
>> The recent dip in oil prices had a lot more to do with
>> random walks and responses to continuing evidence of
>> weakness in the American economy.
>
> Cite please.

Oh, please.  And show me a competent economist who believes
the dip was due to Bush's action.

Note that prices are continuing to slide, with the most commonly
attributed reason being expectations of weak demand due to the
slowing economy:

 
http://news.yahoo.com/s/ap/20080805/ap_on_bi_ge/oil_prices;_ylt=AqduYahHE5PpkNEt0nFWU86s0NUE


>>> The Democrats in Congress refuse to address the need for more oil and 
>>> left
>>> the issue on the table prior to their August vacation.  Price of oil
is
>>> going back up.
>>
>> Yup, and the Republicans refuse to address the need to
>> encourage the oil industry to use or release the leases
>> they already hold, and they refuse to address the
>> conservation and transition to alternative energy side
>> of the equation in any meaningful sense at all.
>>
>> Cheers, Wolf.
>
> Can you provide a source for your statements? 


Re use it or lose it:

  http://www.opencongress.org/bill/110-h6515/show

Re "refuse to address the conservation and transition
to alternative energy side of the equation in any
meaningful sense at all", do you want cites for the
fact the sky is blue?

Why don't you try to demonstrate that the Republicans
are actively addressing conservation and the transition
to alternative energy?  And go for showing the sky is
pink with blue polka dots, while you're at it.  ;)

Cheers, Wolf.


--
Dr. Brian Leverich       Co-moderator, soc.genealogy.methods/GENMTD-L
Angeles Chapter LTC Admin Chair    http://angeles.sierraclub.org/ltc/
P.O. Box 6831, Frazier Park, CA 93222-6831       leverich@[EMAIL PROTECTED]