Sunday, June 29, 2008

Lunatic Hypocrisy Watch


The chief practical argument coming from those who oppose opening our
continental shelf and the Arctic National Wildlife Refuge for drilling is that
it will take ten years to get the oil so it will not have any impact on current
oil prices. The response is that is factual and analytical hogwash, insofar as
the whole point of futures markets is to discount the impact of changes in
future supply.

It is also, by the way, reasoning that many on
the left would not want applied to their own pet project:

My response to those who say that increased drilling is pointless
because it won't yield immediate results -- like Arnold Schwarzenegger --is why worry about the greenhouse
effect, then? Nothing we do will cool the planet immediately. Yet we're told
immediate action there is vital. In fact, we're told that by none other than
Arnold Schwarzenegger, in the very same speech.

One would have
thought that this point was so obvious it would not have to be made at all.