Black Gold. Texas Tea.
A LOT of friggin' oil.
50% increase in U. S. Reserves - 15 billion barrels.
So, can we go ahead and bomb Iran now that we found a crapload more oil?
I'm quite happy for Chevron, based in New Orleans. I'm quite happy for SE Louisiana, as this should translate into more revenue for the Gulf Coast region. They need a break.
And apparently shareholders are happy too, since the stock shot up 4% this morning.
The odds of gas being under $2 a gallon by November just got a lot better. If it keeps going down, perhaps we may not see as many incumbents being swept from office as we've thought. Gas prices are the easiest way for the average consumer (voter) to examine their pocketbook as well as shape their view of the economy as a whole.
Lower gas prices = happier consumer = not as angry with their representative = status quo.
Tuesday, September 05, 2006
Up from the ground come a bubblin' crude
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2 comments:
And more of status quo would be just great, wouldn't it?!?
Juststating that, if folks aren't as "angry" they won't be as swept up to go to the polls to "vote the bums out" as happened 12 years ago.
For some folks, lower gas prices might make them feel better about the economy as a whole, and therefore less "angry".
I know it is a very very simple analogy, but most of the voting public focuses on "simple" items anyway, on both sides of the aisle.
Those that don't, have blogs :)
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