Of course, it’s a fungible commodity and they don’t flag, you know, the molecules, where it’s going and where it’s not. But in the sense of the Congress today, they know that there are very, very hungry domestic markets that need that oil first. So, I believe that what Congress is going to do, also, is not to allow the export bans to such a degree that it’s Americans who get stuck holding the bag without the energy source that is produced here, pumped here. It’s got to flow into our domestic markets first.
WarRoom linked to Obsidian Wings’ interpretation of this comment, which appears to be (mostly) a suggestion that Congress would ban exports of oil. There’s good analysis of why this is a bad idea — such a bad idea that it really ought to be obvious to our energy “experts”.
Of course, according to McCain, his VP candidate is an expert (but not one of those elitist experts) who “knows more about energy than probably anyone else in the United States of America”, probably because her state is in charge of producing 20% of the nation’s energy needs — no, that’s not right: 20% of the nation’s oil and gas production — no, not quite: 20% of the nation’s oil? — no, try again: around 18%, but falling to 13% during the first two years of Palin’s gubernatorial administration. Yes, there we go. Which is of course a decent amount, if only the McCain team didn’t lie about it.Gary Farber’s comment on same post.
Anyway, MaryL on the comments thread had this retake which I thought deserved a bit more attention:
This is Just to Say
I have flagged
that were in
you were probably
they were fungible
and so cold
Chortle. I love WCW and literary mashups and political absurdity — to have all together at once made a very pleasant start to a Saturday otherwise full of work.