SF Chronicle this morning has an article about an oil tanker returning to Alaska with oil on board which could not be unloaded on the West Coast because all the onshore storage tanks were chock-a-block full.
Now, tell me again about how this wonderful market we have works so flawlessly and seamlessly.
The gospel of inexorable Supply and Demand, which we all learned in catechism class.
The market giveth, and the market taketh away, blessed be the name of the market.
Which works in mysterious ways.
Always with a benevolence we may not see.
And so the price of gas plummetted ? Like a ripe, falling plum into our picnic basket ?
Nosedived ? Bottomed out ? Crashed ? Plunged ? Collapsed ? Diminished precipitately ?
Went down, even ?
Not so I noticed. Some kind of mumbo-jumbo about a “world market”. Not speculators, that would be glorious capitalism at work.
I think you-know-who is to blame. The one at the end of “I’ve got a little list”.
And we so need this new pipeline from Canada to Texas to meet our energy needs for the new millennium, or we will all die alone stranded isolated and shivering in the dark. So the guys who have all the answers tell us, the ones who make the big bucks for doing all the right things, the 1%ers.
I can hardly wait to hear what they have to say.