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Wednesday, August 04, 2004

Misle Ad

From Josh Micah Marshall
'Non-factual statements' my vice president told me ...

You'll notice that today in Hot Springs, Arkansas Vice President Dick Cheney blamed Democrats -- particularly John Kerry and John Edwards -- for high gasoline prices. The reason being that they opposed the administration energy bill.

"The only thing I can think of to do [to lower prices]," said Cheney in response to a question about gas prices, "is to keep pushing hard to enact a comprehensive energy plan on a national basis." But Kerry and Edwards, who voted against the administration's energy bill, "weren't with us in trying to come up with a national energy policy."

Yet, the Energy Department's own study of the bill -- a study requested by Senator John Sununu (R-NH) -- said its effect on prices, even years into the future, would be "negligible".

Could a future admin bill involve some sort of tax relief, maybe?


Professor Blogger DarkSyde said...

In the financial biz we're told Rumilia is offline for the time being.
Two questions: Why?
And assuming a 2 % deficit between production and consumption, how does one model the price?

11:01 AM  
Professor Blogger WHT said...

Sorry for the (vacation) delay. I hazard to guess it is pipeline problems. Lots of the pipelines are being sabotaged in Iraq, and this has an effect upstream since there is really no other place to store the oil than to leave it in the ground.

6:02 PM  

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