Republicans Heart Hugo

Courtesy M1EK  Tue, 08/05/2008 - 12:50pm

So follow me on this one:

  1. Self-identified Republicans like to claim to have a far superior understanding of economics than those they call Democrats.
  2. Same batch of folks are now calling for off-shore drilling on the theory that it would have a non-trivial impact on US oil prices.
  3. We know, of course, that oil is fungible , so the impact of any production here is spread across the entire world market for oil, not just the US market....


 

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