Professor Mark J. Perry's Blog for Economics and Finance
Posted 2:44 PM Post Link
I watch every night. Can't wait to hear from you (if Larry lets you get a word in)!
Hey Professor Mark, are you going to ask Kudlow about how quickly the price of gasoline rose since Pelosi and Company has taken charge in Nov. of '06?(note that price of gasoline during first six years of Bush administration rose 79 cents but since Nov. of '06 through March of this year the price rose and additional $1.23 per gallon)Democratic victory leaves U.S. oil drilling industry scramblingPublished: November 9, 2006HOUSTON: Just a few months ago House Republicans and representatives of the energy industry were poised to rewrite a quarter century of U.S. energy policy and open the seas off the Atlantic and Pacific coasts to oil and gas drilling that environmentalists had fervently resisted.But the Democratic victory in the midterm elections on Tuesday has changed the legislative landscape, obliterating the chances that anything close to the drilling bill passed by the House of Representatives will be enacted for years to come.Now the proponents of drilling off U.S. beaches are reluctantly, but with great urgency, jockeying to settle for a small patch of new offshore drilling provided for in a competing - and more modest - Senate drilling bill before the Democrats take control of the House.The new Congress will take over in January, and would have to begin legislating an offshore drilling bill from scratch.Congressman John Peterson, a Pennsylvania Republican who is a leading proponent for expanded offshore drilling, said, "I don't want to end up having no progress. Something is better than nothing." He added, "With Nancy Pelosi as Speaker it will be difficult to talk about producing in the outer-continental shelf." (there is more)
jaundos, are you a freakin' Middle aged motel-foxtroter in quasi-retirement mode or just dense. I suspect the later?The USA extracts less than 7% of world wide crude oil production. And to suggest that your congresscritters have any influence on the production (supply) of crude oil is churlishly childless. You are a retard!! Double exclamation marks for emphasis.
You looked great, professor. It works out well that you are a calm voice with facts among the screamers. Your message got through clearly.
Churlishly childless?? Double question marks for emphasis.
We need more of you on shows like thus!
you did look great but lets be honest, how hard is it to look great when youre on screen next to lavorgna?
And to suggest that your congresscritters have any influence on the production (supply) of crude oil is churlishly childless.Well, they do.
anonymous:A random attack on an oil rig, which might represent 0.001% of world oil production, in Nigeria causes prices around the world to jump 1%. You don't think the US government allowing drilling in areas where a quajillion barrels of oil exist would have any effect on the market???
Let's hear it for both cluelessness and an inability to come to grips with the real world: "The USA extracts less than 7% of world wide crude oil production. And to suggest that your congresscritters have any influence on the production (supply) of crude oil is churlishly childless"...Yeah, sure the US only 'extracts 7%' but according to whom? Got something credible to back that up with?Yet you obviously missed the point that domestic crude oil production and refining would rise without the interference of politicos and other parasitic tree hugger types...Don't let the facts interfer with your tenuous grip on reality anon @ 7:58 PM...Wouldn't want that...LOL!
Mark...you inspire me. We have to do something about that tie though, brother! :)
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Dr. Mark J. Perry is a professor of economics and finance in the School of Management at the Flint campus of the University of Michigan.
Perry holds two graduate degrees in economics (M.A. and Ph.D.) from George Mason University near Washington, D.C. In addition, he holds an MBA degree in finance from the Curtis L. Carlson School of Management at the University of Minnesota. In addition to a faculty appointment at the University of Michigan-Flint, Perry is also a visiting scholar at The American Enterprise Institute in Washington, D.C.
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