Friday, June 13, 2008

Hussein is stupid.

Think that's harsh?

Let's look.

"If we reduce our consumption of oil, that’s what will reduce gas prices. There’s really no other way of doing it,” the presumptive Democratic nominee said in a one-on-one interview with The Post-Crescent during a campaign stop in Kaukauna.


Hussein doesn't seem to know it, but we are dealing with a monopoly. A monopoly has no competition and can set whatever prices it likes. In fact, a monopoly can make more money on smaller sales just by increasing the unit price.

Some of you may remember ATT, aka Ma Bell. It had a total monopoly on the price of long distance call between states, and the size of its children, the regional companies such as Bell South, Southern Bell, California Bell, etc., dominated the local markets. And until the Carterfone decision in 1968 you couldn't own your own phone, answering machine or hook directly into the network.

The result was slowed development of new products and high prices. Ma Bell did provide excellent service, something OPEC has not proved it can do on an on going basis.

Oh. Did I mention that I can now call any place in the US and talk as long as I want and as often as I want for $25.00 a month?

The break up of ATT was mandated by the courts with the government to enforce the rulings. This could work with OPEC but a war is apt to be bloody and disruptive. So that, while not completely out if the West comes to see how badly it is being had, is not recommended.

The way to break up OPEC is provide competition. The way you do that is to start drilling in the US. You can, at the same time, start pushing all the "new" energy technologies and bring them to market as soon as possible.

Now if a ROF who didn't go to Harvard can figure that out, why can't Hussein? Simple. He is educated beyond his intelligence.

Early on in the Great Depression President Hoover opined that if every one went out and purchased a new car things would be great. Hussein offers us the same.

CHICAGO (Reuters) - Barack Obama said on Saturday Americans would start changing the kinds of cars they drive if gasoline prices continue to climb and said he owned a hybrid vehicle, though he doesn't drive it much.


That's it, folks! Just go buy a new hybrid. No problem, right? The bank will just forget about that money owed on the guzzler in the drive...

Now if a ROF who didn't go to Harvard can figure out that out, why can't Hussein? Obviously he is educated beyond his intelligence.

And to put a subtle twist to it, Lefties being big on such.

When we do, OPEC will just increase its prices to make up for the lost volume.



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