Award Congress another Brass Ball for doing its bit to make gasoline prices soar, then launching a witch hunt to nail someone else with the blame.
Because it takes a lot of brass for anyone in Congress to point fingers elsewhere, when Congress itself helped create, by its constant political and self-serving meddling, soaring gasoline prices and tightening gasoline inventories.
To appease the nation’s ill-informed greens and big-oil haters, Congress instituted a timetable that requires refiners to switch to ethanol from an additive called MTBE as the main component of clearer burning gasoline.
The National Petrochemical and Refiners Association pleaded with Congress: Don’t do it because that will increase the “likelihood of higher prices and a possible volatile market through 2006.”
Why? Among other reasons, there wasn’t enough ethanol capacity to replace the MTBE. The result: reduced inventories and higher gasoline prices, just as summer driving demand arrived. Along with other global factors, such as Middle East uncertainty and the impact on the industry of Katrina.
Never mind that the oil industry doesn’t have enough refining capacity to start with, thanks in part to overly rigid environmental and other regulations imposed by…Congress. Or that the clean air trade-offs of substituting MTBE with ethanol are debatable anyway.
The warnings were ignored, of course, even though they came from someone who might have known what he was talking about.
So turning from its own role in creating this mess, Congressional mops, such as my very own senator, Dick “the Lip” Durbin and others (i.e., Democrats) rushed to a gas station to stage a call for congress to “protect Americans from gas price gouging,” as if we got rid of some evil folks, our problems would end. Unconscionably, President Bush also added to the clatter by promising to do the same. All of which become bigger news than MTBE, federal regulations and timetables, gasoline refining capacity, market supply and demand, and that other boring stuff.
So, while we’re awarding Brass Balls, give one to media morons who focus on so-called price gouging and “outrageous” Big Oil salaries because they find the rest of the complex story all too difficult to understand, or who understand it, but don’t think the public will, so they just ignore it.
Executive salaries and anti-consumer conspiracies are standard scapegoats for liberals, the media and others looking for simple explanations for complex, bad news. But if they want to blame big business and their other bogeymen, they might keep in mind that one reason Congress helped create this mess was because of the involvement of the ethanol lobby, whose leading members include top ethanol producer ADM (whose political contributions are legend) and corn farmers. Their feasting on taxpayer subsidies is gluttonous and growing.
So, why don’t the politicians and media mention them? Is it because Durbin, for example, represents one of the biggest corn-producing states, which also is the home of ADM? You bet it is.
Thursday, April 27, 2006
Ain’t no foie gras kind a town
Aldermen in that toddlin’ town, Chicago, have banned the sale of foie gras, the goose- and duck-liver delicacy. Or as one anti-fatty-liver blog puts it, the “delicacy of despair.”
Foie gras now joins smokin’ in public places, handguns and nuclear weapons as verboten in Chicago.
What’s next, a ban on not just the sale, but also the possession of foie gras? Carrying concealed foie gras? Second-hand foie gras?
Won’t the ban simply push the sale of foie gras into the suburbs? Just like Chicago’s decision to be a nuclear-free zone decade ago turned suburban Cicero into a nuclear zone?
At least Chicago’s aldermen will be able to boast: “Ain’t no foie on us.”
Foie gras now joins smokin’ in public places, handguns and nuclear weapons as verboten in Chicago.
What’s next, a ban on not just the sale, but also the possession of foie gras? Carrying concealed foie gras? Second-hand foie gras?
Won’t the ban simply push the sale of foie gras into the suburbs? Just like Chicago’s decision to be a nuclear-free zone decade ago turned suburban Cicero into a nuclear zone?
At least Chicago’s aldermen will be able to boast: “Ain’t no foie on us.”
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