Thursday, April 27, 2006
All these proposals ($100 rebates, oil drilling in Alaska, investigation of "price gouging")--so silly. Imagine the effect on oil prices if Bush (he wouldn't do it, of course, but imagine) announces that he wants to enter into bilateral talks with Iran about their nuclear program; announces a firm date for withdrawal from Iraq; announces that he will personally intervene in the pricing of oil at all levels--production cartels, refining cartels, distribution cartels; and that he's announcing huge tax benefits for alternative fuel. Could it happen? Not for the next three years, not while Bush is president. And by the time there's another president, it may be too late.