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Another day....another misguided, fact rejecting, biased editorial by the Beacon. My question today is: Are all Beacon editorial writers simply dull and lazy....or are they all simply faith-basers?
Simple question, really.
From the Beacon's brain
"McCain wants to appear responsive, and his new position has more merit than his earlier pandering, calling for a summer holiday from the federal gas tax. Barack Obama rightly has resisted the summer holiday, yet he pushes his own misguided idea, a windfall profits tax on oil companies, something that was tried and failed in the Jimmy Carter era." Link
McCain's "position has more merit than his earlier pandering". Granting Big Oil what they've been chanting for....forever....which would have ZERO effect on gasoline prices...."has more merit". That's really, ahem, putting those Beacon thinking caps on, huh?
It's like saying that when a batter strikes out for the second time in a row..."at least he went down swinging this time instead of looking."
See? It's not "misguided" to try to drill our way out of crisis, even though drilling would have.....ZERO effect on prices and supply. It's only "misguided" if Big Oil, making all those record Big Profits, are made to fund alternative energy programs. See how "misguided" that is? Not to mention the fact that Carter, as well as Ford and Nixon before him, acted to reduce our need and dependency on oil. Was that "misguided" as well, oh great and well-informed Beacon editors?
McCain, upon reflection, stated yesterday that, "psychologically", it would have a positive effect on.....somebody.....if we just allowed Big Oil to drill, you know, everywhere. But, as everyone knows and cannot forget, McCain only gives "straight talk".
Here's how to reduce gasoline prices in 30 days or less.....
The price of retail gasoline could fall by half, to around $2 a gallon, within 30 days of passage of a law to limit speculation in energy-futures markets, four energy analysts told Congress on Monday.
Testifying to the House Energy and Commerce Committee, Michael Masters of Masters Capital Management said that the price of oil would quickly drop closer to its marginal cost of around $65 to $75 a barrel, about half the current $135.
Fadel Gheit of Oppenheimer & Co., Edward Krapels of Energy Security Analysis and Roger Diwan of PFC Energy Consultants agreed with Masters' assessment at a hearing on proposed legislation to limit speculation in futures markets.
Krapels said that it wouldn't even take 30 days to drive prices lower, as fund managers quickly liquidated their positions in futures markets.
"Record oil prices are inflated by speculation and not justified by market fundamentals," according to Gheit. "Based on supply and demand fundamentals, crude-oil prices should not be above $60 per barrel." Link
Honestly now, is that so hard to comprehend?
I suppose the Beacon braintrust knows, at least, a little bit about the unregulated commodities futures market. If not, perhaps they know a bit about Congressional hearings on energy. If the Beacon boys don't know anything about commodities or Congressional hearings on, like, energy.....maybe they know how to use The Google.
Readers would, naturally, not know whether the Beacon editors are aware of Congressional hearings on energy, or commodities trading schemes, or, for that matter, how to use The Google, because none of that comes up in today's Beacon editorial.
The MOST SIGNIFICANT reason why oil and gasoline prices are so high, and the brilliant Beacon brainstormers don't even bring it up in an editorial addressing the oil crisis.
Amazing isn't it?
To borrow a word....."misguided".
The Reverend and Mrs. Reverend will be flying to Salt Lake City this afternoon on a short business trip for Mrs. Reverend's employer. I will be blogging from Mormonland the next two days. The Reverend will be mixing with all those red-staters.....asking questions and so forth....how do you think I'll be received?