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Commodities Briefing - Categorized | Commentaries, Energy more

Energy from politics?

Posted on 26 March 2013

From a president who seems to think energy comes from politics, yet another innovation emerged Mar. 15 in a speech at the Argonne National Laboratory in Lemont, Ill. “The only way to really break this cycle of spiking gas prices,” said President Barack Obama, “the only way to break that cycle for good is to shift our cars entirely—our cars and trucks—off oil.”
Like so many of Obama’s proposals for energy, this one is vacuous. If the demonstrated ability of the price of a major oil product to spike justified policies aimed at ending oil consumption, the same argument logically should apply to other commodities. Guess what: Prices of commodities other than oil spike, too………………………………………..Full Article: Source


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VRS - who has written 39476 posts on Opalesque Commodities Briefing.


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