CARPE DIEM
Professor Mark J. Perry's Blog for Economics and Finance
Wednesday, June 25, 2008
About Me
- Name: Mark J. Perry
- Location: Washington, D.C., United States
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.
Previous Posts
- 2001:Excessive Speculation Drove Oil Prices Down?
- Oil Prices Double, Futures Contracts Flat and Fall...
- Money-Making Speculators Must Stablize Markets; On...
- Middle-Class "Decline" Caused By Upward Mobility
- What If Congress Was In Charge of Supermarkets?
- Ebay Updates
- Are Concerns About Inflation Inflated?
- Kiplinger's 2008 Best Cities: Houston Is #1
- US Faces Shortage of 44,000 General MDs by 2025
- Don't Shoot The Price Messenger, aka Speculator
8 Comments:
And if you can locate a tiny dot on the map of the U.S. that is Dulles airport; and carve a small piece of that - you have the ANWAR site in question. Thanks for the graphics.
Actually, in one of his columns, George Will said the proposed development area would be 1/6 the size of Dulles Airport! Development area in ANWR would be about 2,000 acres, or about 3 square miles in an area the size of Massachusetts, New Jersey, Rhode Island, Connecticut and Delaware, combined!
The size of ANWR makes no difference. It could be the size of a suitcase and the enviro-facists would oppose drilling.
The issue is not really fear for the environment, or the wildlife, but rather the determination to prevent the US from becoming energy independent. It seems that those with real power over congress want to break the country.
Ask yourself why these facists don't complain about China planning to drill off the coast of Florida, but US companies can't.
How many jobs would be created if U.S. companies could explore and drill in all the currently off-limit sites?
Why is no one talking about the lost jobs?
"Why is no one talking about the lost jobs?"...
Consider just WHO is doing the BLOCKING...
Unemployment doesn't fit the template of their collective Bush Derangement Syndrome in this case...
Thanks juandos. Great link!
Question: Is China's drilling ability sufficient to tap into those Southern-FL oil resources? I know they can angle the drilling quite a bit (that's one of the reasons ANWR's footprint can be so small, nowadays), but have no feel for the reach.
That would be a great talking point for McCain. In very short order, "Fast Eddie" Obama would have to add to his list of flipflops or lose a good chunk of the electorate.
Anyone who thinks that the reasons for not drilling has something to do with peoples determination to not have an independent energy source is in lala land. Do you know what else would stop our dependence on foreign oil? FUEL CONSUMPTION. The tankers were backed up across the Atlantic with oil for the US when we reduced our consumption by 3 percent. Imagine what we could do with 10 percent!!!
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