As I was leaving for work this morning, the Talking Heads on the Hypnotic Box were explaining how Congress is going to legislate us to gasoline savings of up to $2.00 gallon.
Yup the same folks that have been warming seats in Washington DC, since gasoline was a $1.25 gallon, are now going to perform a miracle and do something.
I find it hilarious that the same folks that accuse me of being a commie because I believe that many industries need regulation, want to impose regulations to control the price of gasoline.
What kind of liberal commie wants the oil industry regulated? Snort, guffaw!
The ghost of Adam Smith is probably laughing his ass off now, as the invisible hand of the market bitch slaps us around.
Of course, there are lots of conspiracy theories going around, spread by people who laugh at those of us who think that our leaders make plans behind closed doors. and these same people are asking that we conspire to start another war, to kill a lot of people, to get gasoline prices down.
Obviously, every problem in America can be easily solved by bombing another country that can't fight back. I'm surprise that more people are not arguing that a war with Ethiopia can solve our imaginary Social Security and Medicaid Crisis.
But I digress... Congress is going to bring down high gas prices by approving of drilling in ANWAR. That's right, by increasing domestic oil availability by as much as 0.5%, we can get prices at the pump down by $2.00! At least until a few more Ford F250s are sold. I was going to say 1%, then I remembered that so far North, they'll only be able to pump the oil a few months out of the year. Then every spring, they'll have to repair the damage caused by the winter cold and storms. This will make the oil more expensive than oil drilled in nicer climes. Then there's the issue that China plans to buy up all of the oil produced there.
So maybe it'll provide 0% of our domestic consumption, thus dropping the price at the pump by up to $2.00 gallon...
Oh yeah, and the sale of the Iraqi oil will cover the cost of occupying Iraq...
Red State Update has their own take on this highly interesting topic.