Americans gave their blood. Now where's our oil?

Hey Mike Boyle-
Mickeala is going back to Cork for good on Friday. If you and Tim were interested there is a going away party at Shenanigans in Southie at 8pm. Wednesday. I will be making an appearance as will Sinead, Breda, and others. It should be good, so send me an email if you guys want to meet up.

Sean, sounds good. I'd like to go. I'm sure the big will be up for it as well.

They're dropping fast my friend.

Also, Tim informed me that they cordoned off a very closed K.O'S.

Sad.

Talk to you this week.

I find it amazing that in the morning paper I read that OPEC decided to increase oil supply, only to go out for a drive and see that gasoline in my town had risen by 20 cents per gallon.

We need to increase the elasticity of demand for crude again.

I think though there is a butterfly effect in the crude oil business. Some CEO farts, but we all suffer the "gas pains."

Be well,

Sponge

Sarcasm doesn't always translate well in print, so lest anyone get the wrong idea, I am mocking the whole idea that the recent US wars--Iraq, Afghanistan, and Iraq again--were fought to get cheap oil.

I know that this certainly wasn’t the case, but while we’re there…………..

I think we’ve played enough feel good politics in Iraq already and at least should secure some payback for our sacrifices with a well or two.

To the Victors go the spoils?

It's $50 a barrel because the iraqi insurgents keep blowing up the oil piplines. The administration probably did think it we would get cheap oil out of it (not that it was a reason for war, just a pleasant after effect of the war). But they were slightly wrong on that and other things.

I knew that you didn't mean the whole "blood-for-oil" stuf Dan. Since we had a semi-boycott of Iraqi oil before the war, the supply from Iraq hasn't gone down since, has it? Honestly, I don't know.

My point is that it seems like petroleum CEOs use any excuse to raise prices.

Notice earlier that I said "we" need to raise the elasticity of demand for crude. We, the people, with our wallets and buying practices can affect the market more than the government can. One thing that really rubs my rhubarb is that many who say they want the government out of their lives, less governmental control, scream for the government to "do something" about gas prices. Is gasoline the entitlement of the future?

Be well,

Sponge

I don't have much problem with high gas prices. The laws of the market would suggest that the higher the price of gasoline, the more often people will utilize mass transit, which translates into less air pollution. Other byproducts of more mass transit usage is that it forces the providers to improve their service. Locally, mass transit is sub standard and anything to improve service is fine with me.