Three Way News
Your Source. For everything. Really.
Contributors
- Hammer
- Jambo
- Libby Mae
Current Poll
Recurring features
Hammer's Favorites
- Dobson v. Sponge-Bob
- Calvin, the nest egg
- Pat's predictions
- Bachmann spins Cupertino
- 205 atheists assume the bench
- Fox spins Oil for Food
- Fact check: highest taxed state
- Gen. Myers v. Reality
- Janice Rogers Brown
- Killing Field
- Kline hates Big Bird
- Vote Luca Brasi!
- Cornyn's Stalinist Supreme Court
- Rumsfeld's hidden metrics
Jambo's Favories
- Dolphin research updates
- We all shine on
- If you have to write...
- Columnist NY Times should have
- Truth about taxes
- Fourth of July
- Movie objects
- Lost in supermarket
- Dysfunctional Farmer Labor party
- Punks you hated
- Some preacher from east
- Winning issues
Thursday, April 14, 2005
Oil Prices
Kevin Drum has another entry on oil prices. The upshot remains the same -- if OPEC decides to cut back production or if there is a disruption in oil production, we face a near-term economic catastrophe. That scenario remains unlikely. On the other hand, global supply is increasing modestly while global demand (I'm looking at you, United States and China) is increasing rapidly. If we don't address global demand in the near-term by curbing demand growth to expected supply, we face an enormous problem.On the other hand, prices at the pump are down 15% since my little anti-Hummer screed. Perhaps there's a way to harness the power of my poor short-term projections.
