Friday, May 7, 2010

We still need the oil

Little Miss Attila has some shrewd observations on offshore drilling.

3 comments:

  1. From the beginning, I looked on this Gulf spill as the oil equivalent of Three Mile Island, in which a nuclear accident which killed not a single human being, nor impacted the environment in any significant way, nevertheless killed off the nuclear energy movement. If we let this serious, but non-crisis oil spill stop the movement to exploit our reserves, then we might as well get down on our knees now and kiss the be-ringed hand of whatever gold-braided despot who chooses to mash our faces in the mud.

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  2. One thing but. Last time oil prices shot through the roof, it had nothing to do with supply and demand. It was the fact that a barrell of oil was being sold and re-sold 30 odd times before hitting the market.

    That said, any move that gives less money to OPEC (and Chavez) is a very good thing.

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