INFLATE HERE, INFLATE NOW!
Comment: with so-called "global warming", wouldn't the air in tires 'naturally' heat up and expand?
Posted on 08/07/2008 10:45:03 AM PDT by Tatze
Energy Journal Study (and rejection letter) proves allowing more drilling will lead to price drops NOW
The Left has offered all sorts of arguments for why they oppose drilling, including reasons why producing more American oil will not lower gas prices. These arguments are bunk, and the American people know it.
There is an Economic Study submitted to The Energy Journal which proves this, see here for the study.
This study argued allowing drilling in ANWR would produce an immediate drop in oil prices even if the oil did not enter refineries for several years. The study was rejected for publication in The Energy Journal, not because the editors disagreed with their findings, but because they considered the study's conclusion so obvious that it was not worth publishing.
As the rejection letter (see here) states:
"Basically, your main result (the present impact of an anticipated future supply change) is already known to economists (although perhaps not to the Democratic Policy Committee)."[emphasis added]
Anyway, two economists (Morris Coats and Gary Pecquet) wrote a report proving that oil prices will drop NOW even though the first drops of oil may not come out of the ground for several years. The Energy Journal's rejection letter is simply priceless! The above quote from the rejection letter bears repeating:
"Basically, your main result (the present impact of an anticipated future supply change) is already
known to economists (although perhaps not to the Democratic Policy Committee)."
The links to the full report and the rejection letter are embedded in the text above. The published date is the date of the rejection letter, since I didn't see a date on Newt's site.
INFLATE HERE, INFLATE NOW!
Comment: with so-called "global warming", wouldn't the air in tires 'naturally' heat up and expand?
“we can’t drill our way out of this” bookiemark
libriots
If we can't drill our way out of it, how can we possibly inflate and/or tune-up our way out of it?
To anyone that has cracked open a book on economics, this is painfully obvious. But this is quite telling and an indictment of the Democratic party as a whole and the majority of their constituency that they have not studied supply-side economics.
It is only when the man behind the curtain speaks into the microphone that the Wizard of Oz gives the Democrats their thoughts for the day.
We need a vote
Nazi Pelosi AmericanVoices@mail.house.gov
We need emergency session
President Bush comments@whitehouse.gov
202-456-1111
John Boehner invited McCain to join them
McCain needs to get his a$$ to Washington where he belongs
It will bring the much needed media attention
http://www.johnmccain.com/Contact/
Irrefutable proof of this is in the recent price drop, which came immediately upon the announcement that the (Clinton) Presidential ban on offshore drilling was being lifted.
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