[Tatze]

I've been looking for this to show up for a while. I guess I know why. Its difficult to find online, and the pieces are kind of spread out.

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.

[ETL]

INFLATE HERE, INFLATE NOW!

Comment: with so-called "global warming", wouldn't the air in tires 'naturally' heat up and expand?

[Tatze]

[the anti-liberal]

“we can’t drill our way out of this” bookiemark

[rjsimmon]

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.

[Redbob]

"...your main result (the present impact of an anticipated future supply change) is already known to economists..."

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.