Saturday, July 19, 2008

The Corrupt Saint Al (Part 8,437,972)

Futures trading driving up the price of oil is a signal, not the cause, of the
success of this effort.


the wager is that aggregate demand will increasingly outstrip aggregate
supply: A pretty safe bet as long as China and India are industrializing while
the United States, where much of the world’s untapped fossil fuel resides, is
legally off limits to further development.

Self-interest is at work
here. Politicians want money and political support from the green lobby. Green
venture capitalists, like Kleiner Perkins general partner Al Gore, stand to make
billions of dollars on “cleantech” investments, but only if oil prices continue
to climb. A lot of venture portfolios are in trouble the day after Congress
permits unfettered domestic oil exploration. And these folks are nothing if not
well-connected.

I once again insist that AOPA withdraw its support for
SOS now.


Self-interested? Al Gore? The sainted Al Gore?

Who'd a thunk it?