Friday, July 11, 2008

President Bush on Oil

Was disappointed to hear the President talking today about the rising price of oil.

His analysis was fine as far as it went: prices are rising because of increasing demand (China, India, blah, blah, blah).

His solution was less edifying: increase supply. In other words, open up Alaska and the Arctic to the oil companies. Disaster capitalism par excellence.


The real answer is the exact opposite: decrease demand.

The future is non-oil based. Let's embrace it with all the energy and creativity that the human race at its best is capable of.

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