Hot Air » Blog Archive » Senate Republicans hold the line on energy; Update: Reid falls apart
The Democrats are all against any form of domestic energy production because "it won't have any effect for 10 years or more". They are also against speculation on oil prices ... so they want to "regulate" that.
Last I checked, speculation is all about the future. If you expect energy to be in short supply in the future, then you will tend to up the price today. That is sort of the basics on how any sort of investment works. Scarce things are worth more, less scarce things are worth less. In the case of speculation, expectations DEFINITELY matter (in fact, that is what it is all about).
For Democrat, drilling, refineries, nuclear, oil shale and coal are all too risky for the environment. They have been making those decisions for 40 years and they have been VERY proud of them. Now that the chickens have come home to roost, why is it that they are just "ducking and covering"? Aren't they proud of the "environmentally friendly" gas prices that they have created? Seems that they certainly ought to be, it may take Democrats a long time to "make something happen", but they have certainly been successful in raising gas prices!
The Democrats are all against any form of domestic energy production because "it won't have any effect for 10 years or more". They are also against speculation on oil prices ... so they want to "regulate" that.
Last I checked, speculation is all about the future. If you expect energy to be in short supply in the future, then you will tend to up the price today. That is sort of the basics on how any sort of investment works. Scarce things are worth more, less scarce things are worth less. In the case of speculation, expectations DEFINITELY matter (in fact, that is what it is all about).
For Democrat, drilling, refineries, nuclear, oil shale and coal are all too risky for the environment. They have been making those decisions for 40 years and they have been VERY proud of them. Now that the chickens have come home to roost, why is it that they are just "ducking and covering"? Aren't they proud of the "environmentally friendly" gas prices that they have created? Seems that they certainly ought to be, it may take Democrats a long time to "make something happen", but they have certainly been successful in raising gas prices!
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