[Home]  [Headlines]  [Latest Articles]  [Latest Comments]  [Post]  [Mail]  [Sign-in]  [Setup]  [Help]  [Register] 

Donald Trump is Finished

This is why Native Americans are marching on Washington

Eisenhower’s Nightmare on Steroids; graduated nuclear escalation v2.0

Trump to announce 3 year DACA+ amnesty today

Trump Backs 'Path To Citizenship' For H-1B Recipients: 'Rest Assured That Changes Are Soon Coming'

Television Networks Put Out 90 Percent Anti-Trump Spin in 2018

What We Own...

“NewsGuard” organization founded by globalists to censor independent media has ties to pro-Monsanto American Enterprise Institute propagandists

Driver attempts to destroy giant snowman, not realizing it’s built on a large tree trunk

Newly Elected Sheriff Arrested for Stealing Meth from Evidence Room—Second Day on Job

Chicago cop gets 81-month sentence in Laquan McDonald murder

The circular firing squad: Mueller targets turn on each other

Retired cop, arrested by Bloomfield PD, fatally shoots himself inside police headquarters

LAWSUIT CLAIMS SHEILA JACKSON LEE FIRED A STAFFER TO COVER UP A RAPE

18 U.S. Code § 1622 - Subornation of perjury

New York Bill Allowing Abortions Up to Birth Says a Person is Only “A Human Being Who Has Been Born”

Feds say ‘star’ DEA agent abroad stole millions

Black People Dismantle "White Privilege"

Liberals Threaten to Terrorize and Imprison Trump Supporters

William Barr’s ‘Deep State’ resume: Cover-ups, covert ops, and pardons

Innocent Marine Vet Falsely Arrested, Brutally Strip Searched in Horrific ‘Punishment’

Oklahoma Cops Jail Four Men for Transporting Legal Hemp

Watch a Florida Cop Botch a Drug Field Test on Video, Then Arrest an Innocent Man

Vigilante Anarchist Bus Driver, git 'er done

Racist Bitch Kamala Harris Tries to Bully Kirstjen Nielsen then Kirstjen Gets Fed Up And Fights Back!

Assad points to attempts to divide Church of Antioch in Syria, Lebanon

Trump Cancels Pelosi's Brussels Junket (Gov Shutdown, no jet)

Despite ban, N.H. lawmakers say they will continue to carry guns in the State House

Gun Owners of America Funds Challenge to National Firearms Act in U.S. Supreme Court

War Whores Scramble To Say Syria Attack Means Troops Must Remain

Volunteers Kicked Out of Nat’l Park for Cleaning It During Shutdown—Without a Permit

William Barr’s Connection to Ruby Ridge, Defending FBI Snipers

The 100th Anniversary of the Ratification of the Amendment That Led to Prohibition Is a Reminder of the Lasting Damage Bad Policy Can Do

Are You Suffering From Toxic Masculinity? Know The Warning Signs

Hillary Clinton ran weapons into Libya for the Obama administration, while Michael Flynn was targeted because he knew the details

Beto O’Rourke Suggests America Should Ditch the Constitution

Potential US presidential contender thinks YOUR money is in the “wrong hands”

POLICE lie to Uber Driver/Attorney

The Danger Within: Border Patrol Is Turning America Into a Constitution-Free Zone

Plants Are Growing on the Moon for the First Time (Chinese cotton plantation)

Laura Loomer Brings Illegal Immigrants To Nancy Pelosi's Home. Pelosi Has Police Remove Them

P&G’s Gillette ad asks men to shave their ‘toxic masculinity’ and a big backlash ensues

Chemtrails Exposed: The Deep State And The New Manhattan Project

Reality Beyond Belief

Oregon bill would cap magazines to 5 rds, ration ammo to 20 rds/month

Nobel Prize-Winning DNA Pioneer James Watson Stripped Of Titles For Insisting Race And IQ Are Linked

Trump’s shutdown trap?

Free Speech Is Dead in Canada: The Persecution of Christian Activist Bill Whatcott

The Unique Pleasures of Watching Alexa Deny Children What They Want

Police visit father after he joked on Facebook about feeding five-day-old baby hot sauce


Status: Not Logged In; Sign In

Alternative Energies
See other Alternative Energies Articles

Title: Fill 'Er Up. And Head for the Beach.
Source: Weekly Standard
URL Source: http://www.weeklystandard.com/fill- ... for-the-beach./article/2008670
Published: Jul 3, 2017
Author: Geoffrey Norman
Post Date: 2017-07-03 08:35:17 by Tooconservative
Keywords: None
Views: 95



Remember when Obama and others said we “couldn’t drill our way out” of an oil crisis? They were wrong.

Americans will be hitting the road in record numbers this Fourth of July. This is the prediction of AAA, anyway, and it seems like a fairly safe one. And the good news, as Steven Mufson writes at the Washington Post, is

gasoline prices are hitting lows at the start of the summer driving season, a time when increased demand typically bumps up the cost of gas. This year, however, for the week that ended June 19, the nationwide average price of regular gasoline was $2.32 a gallon, about the same as June 2000 when adjusted for inflation.

So what happened?

Well, above all there is the advent of

U.S. shale oil production, a technological phenomenon that took off in 2009 and has since boosted U.S. output by about 4 million to 5 million barrels a day.

So, these days, when the Saudis and other oil oligarchs scheme to keep prices high by reducing production, the frackers fill the gap. The oligopolists are reduced to cheating and scheming against one another and Americans can tell themselves that it couldn’t happen to a nicer bunch of guys. Then fill ‘er up and head for the beach.

It is probably uncharitable to recall how remote this possibility seemed a few years back. How $4 gasoline seemed like a possible floor price. In 2008, the price of a barrel of oil went above $140 and the experts were confidently predicting that it would soon hit $200. Gasoline, diesel, and home heating oil are not discretionary purchases for most Americans. Oil at $200 a barrel would impose real hardship, to which the political left said, essentially, “Get used to it.”

There would be no relief, according to John Kerry, Barrack Obama, and others. Increasing domestic production might sound like a good idea, they said, in the patronizing way they have of explaining things to the masses, but this just wasn’t possible. “We can’t drill our way out of this,” they said, with the sort of certainty and authority that allows no dissent.

In the decade since, Obama and the others have been proved not merely wrong but spectacularly wrong. We did drill our way out. Did we ever.

One suspects that people for whom “we can’t drill …” was something of an incantation were speaking as much from hope as rational analysis. They don’t like cars and oil and gasoline. In their view, the sooner we ran out of petroleum, the better. This view eventually took an almost bipartisan, conventional wisdom cast with President George W. Bush warning against an American “addiction to oil” and a vision where, in two decades, 75 percent of the nation's Mideast oil imports would be replaced by … ethanol. Among other sources.

So we would grow our way out of this crisis. In corn would be our salvation.

Another view, held in contempt by the political class, was summed up in the pithy war cry: “Drill, baby, drill.” Sarah Palin, among others, pushed this one and was widely mocked for troubles. She, and those in her tribe, were to be pitied. They were not only addicted to oil, they were also deluded. To the point of believing that the oil was actually there and that it was just a matter of getting it.

Divining the reasons behind ordinary Americans’ disenchantment with the political class is a robust industry these days. They might, in their searches, want to consider that smug, unequivocal assertion that “we can’t drill …” And that patronizing, “addicted to oil” line. The people saying these things were so sublimely confident in their predictions. Seems they weren’t familiar with the wisdom of Yogi Berra who said, immortally, that, “Predictions are hard. Especially about the future.”

Or, perhaps, some among our betters in the political class simply didn’t want to for America to produce more oil. Wanted, instead, for scarcity to drive the price to $200 a barrel so that Americans would do all those things that would make them more like Europeans. Drive less. Switch to electric cars. Take the train. Grow more corn. And so forth.

Either way, the people who said “we can’t drill …” don’t look so smart or much like real leaders these days.

(1 image)

Post Comment   Private Reply   Ignore Thread  


[Home]  [Headlines]  [Latest Articles]  [Latest Comments]  [Post]  [Mail]  [Sign-in]  [Setup]  [Help]  [Register] 

Please report web page problems, questions and comments to webmaster@libertysflame.com