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  • Paul Krugman Drills Dry Hole On Oil, Gas Fracking

    03/20/2012 3:55:18 PM PDT · by raptor22 · 18 replies
    Investor's Business Daily ^ | Marcxh 20. 2012 | IBD editorials
    Energy: The economist at the newspaper of record defends the president's energy policy of Solyndra, Chevy Volts and algae while dismissing the oil boom on private lands as a small-town hiccup with no impact on price. New York Times columnist and Keynesian economist Paul Krugman asks in a recent column why gas prices are rising if we are in the middle of a domestic oil boom. Doesn't the "drill, baby, drill" crowd claim, he argues, that prices will drop "if only we would stop protecting the environment and let energy companies do whatever they want"? Without our domestic oil boom,...