Category Archives: Political Commentary

Political Commentary

Lileks Gets All Sarcastic

9 Comments

You’re probably shocked. I know I was:

I’m guessing the profit isn’t 51 cents. But whatever it is, it’s too much! I’ve heard some people yearn for a windfall profits tax that would reinvest the money in alternative energy, or rebate it back to the consumer. Fine. Apply that to your business. Here’s the acceptable profit level. You don’t get to make any more than that. If you do, the state will confiscate the property and divide it among your competitors, or give it back to your customers. Have a nice day. But oil is different. It’s necessary! So is food. Farmers are doing well. Let us therefore set the acceptable level for corn farmers, take away the excess profits, invest it new forms of sweeteners or biofuels farmers cannot yet produce, and give people rebates for Splenda to compensate for the price of high fructose corn syrup.

It’s not that we cannot produce any more oil; you suspect that some are motivated by the belief, perverse as it sounds, that we should not. We should not drill 50 miles off shore on the chance someone in Malibu takes a hot-air balloon up 1000 feet and uses a telephoto lens to scan the horizon for oil platforms. Also, there are ecological concerns. (The ocean is a wee place, easily disturbed.) There’s something else that may well be my imagination, but I can’t quite shake the feeling: high gas prices and shortages of oil make some people feel good. This is the way it has to be. Oil is bad. Cars are bad. Cars make suburbs possible. Suburbs are the antithesis of the way we should live, which is stacked upon one another in dense blocks tied together by happy whirring trains. So some guy who drives to work alone has to spend more money for the privilege of being alone in his car listening to hate radio?

Good.

Political Commentary

Sauce For The Goose

6 Comments

John McCain continues to justly call for Obama to visit Iraq, and talk to General Petraeus (without preconditions). Well, I think that if Senator McCain would visit ANWR, he might discover that it is nothing at all like the Grand Canyon. Of course, Obama is not in a position to call him on that, since he opposes drilling there (and everywhere else, as far as I can tell) as well.

[Update a minute or two later]

Here’s a great suggestion:

Another way McCain can move toward an ANWR solution is to educate himself on small-footprint drilling practices. He should talk to some oil company guys, get the facts, and then announce STERNLY that he will only support the exploration in ANWR if it strictly adheres to “environmentally friendly low-impact micro-drilling standards” and DEMAND that no more than .5% of the land in that area be compromised in even the slightest way.

Bingo. The oil companies can all drill within those parameters now and McCain can appear as the reasonable tough guy he wants to be.

Unfortunately, I think he’s too stubborn and fixed in his views to do such a thing.

Political Commentary, Science And Society, Technology and Society

Fighting Global Warming

7 Comments

With geoengineering. But the hair shirters don’t like it:

Stabilization can only be achieved by cutting current carbon dioxide emissions by 80 percent. This means implementing highly unpopular policies of carbon rationing and higher energy prices. So some climate change researchers and environmental activists worry that the public and policymakers will see geoengineering as way to avoid making hard decisions. “If humans perceive an easy technological fix to global warming that allows for ‘business as usual,’ gathering the national (particularly in the United States and China) and international will to change consumption patterns and energy infrastructure will be even more difficult,” writes Rutgers University environmental scientist Alan Robock.

Well, boo frickin’ hoo.

[Update a couple minutes later]

Commenter Chris Potter has a pithy translation: “If there’s no good reason for people to do what I want them to do, they won’t do it.”

Business, Economics, Political Commentary

I’m Sure It’s Just A Coincidence

11 Comments

Another jump in oil prices.

Think it has anything to do with the fact that both presidential candidates favor a hidden tax on energy and oppose expanding domestic oil production?

You know, in the past, when I’ve said that prices in this range are not sustainable, I always assumed that, at least at some point, sanity would reign in Washington. What a dumb assumption.

[Thursday morning update]

Wise words from Lileks:

…there’s hope. An article in the paper last week said that the gyrations in the oil market may indicate that the laws of supply and demand no longer apply. Well, clever us, to live in an age where immutable laws are abolished with ease; no doubt faster-than-light travel is now possible as well. Whenever someone says that the old laws no longer apply, it’s a sure sign that the laws are about to reassert themselves with brutal force.

Three-buck gas by October? Likely.

As Carl notes in comments, even when you know you’re in a bubble, you don’t know when it’s going to pop.

[Update a few minutes later]

Four-dollar gasbags:

Anyone wondering why U.S. energy policy is so dysfunctional need only review Congress’s recent antics. Members have debated ideas ranging from suing OPEC to the Senate’s carbon tax-and-regulation monstrosity, to a windfall profits tax on oil companies, to new punishments for “price gouging” – everything except expanding domestic energy supplies.

Amid $135 oil, it ought to be an easy, bipartisan victory to lift the political restrictions on energy exploration and production. Record-high fuel costs are hitting consumers and business like a huge tax increase. Yet the U.S. remains one of the only countries in the world that chooses as a matter of policy to lock up its natural resources. The Chinese think we’re insane and self-destructive, while the Saudis laugh all the way to the bank.

And unfortunately, both presidential candidates are economic ignorami:

Recent weeks have seen some GOP stirrings on Capitol Hill, but John McCain has so far refused to jettison his green posturings, such as his belief in carbon caps and his animus against offshore development. A good reason for a rethink would be $4 gas. At present, it is charitable to call Mr. McCain’s energy ideas incoherent, and it may cost him the election.

Of course, Obama’s even worse, but even if McCain wins, it will be a lot closer than it need be. And prices will continue to soar. Needlessly.

Business, Economics, Political Commentary

I’m Sure It’s Just A Coincidence

Another jump in oil prices.

Think it has anything to do with the fact that both presidential candidates favor a hidden tax on energy and oppose expanding domestic oil production?

You know, in the past, when I’ve said that prices in this range are not sustainable, I always assumed that, at least at some point, sanity would reign in Washington. What a dumb assumption.

[Thursday morning update]

Wise words from Lileks:

…there’s hope. An article in the paper last week said that the gyrations in the oil market may indicate that the laws of supply and demand no longer apply. Well, clever us, to live in an age where immutable laws are abolished with ease; no doubt faster-than-light travel is now possible as well. Whenever someone says that the old laws no longer apply, it’s a sure sign that the laws are about to reassert themselves with brutal force.

Three-buck gas by October? Likely.

As Carl notes in comments, even when you know you’re in a bubble, you don’t know when it’s going to pop.

[Update a few minutes later]

Four-dollar gasbags:

Anyone wondering why U.S. energy policy is so dysfunctional need only review Congress’s recent antics. Members have debated ideas ranging from suing OPEC to the Senate’s carbon tax-and-regulation monstrosity, to a windfall profits tax on oil companies, to new punishments for “price gouging” – everything except expanding domestic energy supplies.

Amid $135 oil, it ought to be an easy, bipartisan victory to lift the political restrictions on energy exploration and production. Record-high fuel costs are hitting consumers and business like a huge tax increase. Yet the U.S. remains one of the only countries in the world that chooses as a matter of policy to lock up its natural resources. The Chinese think we’re insane and self-destructive, while the Saudis laugh all the way to the bank.

And unfortunately, both presidential candidates are economic ignorami:

Recent weeks have seen some GOP stirrings on Capitol Hill, but John McCain has so far refused to jettison his green posturings, such as his belief in carbon caps and his animus against offshore development. A good reason for a rethink would be $4 gas. At present, it is charitable to call Mr. McCain’s energy ideas incoherent, and it may cost him the election.

Of course, Obama’s even worse, but even if McCain wins, it will be a lot closer than it need be. And prices will continue to soar. Needlessly.

Political Commentary

Weird Racial Chauvinism

16 Comments

Victor Davis Hanson has thoughts on the wrong reasons to support Obama:

Aside from the obvious point that we should not pick our presidents on the basis of whether those in mostly autocratic, non-democratic societies approve, there is something very tribal and racialist about all this chauvinism.

If a white male Christian of European ancestry were suddenly a likely successor to the Mubarak dictatorship, or were next in line to take over the Mugabe kleptocracy, or were stealing Venezuela from Hugo Chavez, or were going to be elected the next leader of South Africa, it would be of less than zero importance to me, and I would hope to other Americans of similar backgrounds. And I think most of us would shudder should an Englishman or Australian say “I just hope your next President is another white male Christian like McCain.” I was in Greece in 1988 when the socialist liberal Greeks went ga-ga over Mike Dukakis solely on the basis on his shared ethnic background and it seemed pretty absurd, especially when many promised they would change their dark view of Reagan’s America if a Greek-American were elected President.

So, one, I don’t see what is so great when a foreigner tells an American journalist that his view of America might change should we elect a person closer to his own perceived racial or religious self-image. Seems instead illiberal, tribal, and retrograde. And two, if Egyptians, Iranians, Congolese, or Bolivians want real changes in their own lives, then they should look to their own autocratic systems, not the United States that can do little to alleviate their mostly self-inflicted miseries other than to continue to shell out hundreds of billions in petrodollars and ever more humanitarian aid.

It’s all about the identity politics. You know, that “new politics” we’ve been hearing so much about.