Texas Congressman Chet Edwards (D) wants to use the U.S.’s Strategic Petroleum Reserve to lower prices at the gas pump. Needless to say, I think this is a bad idea, for reasons I list below. He says the increased supply would help halt rising gas prices which are predicted to hit $4 per gallon by…
Month: May 2008
The Market Works
Many of the same people who champion fuel-efficient, (relatively) environmentally-friendly automobiles are at the front lines calling for the government to "do something" about high gasoline prices. For these people, the news that higher gas prices are driving an unmistakable shift to the very cars they’d like us to drive must present a bit of…
Telco Immunity Deal Coming?
That’s what Jane Hamsher thinks. According to the ACLU, there is rumor of a backroom deal being brokered by Jay Rockefeller on FISA that will include retroactive immunity. I’ve heard from several sources that Steny Hoyer is doing the dirty work on the House side, and some say it will be attached to the new…