August 11, 2005

I Guess Oil Would Be $150 a Barrel If We Hadn't Invaded Iraq And Stole All Their Oil

Anybody want to guess how soon we see Paul Krugman write a column on the oil bubble?

Oil surges to $66 a barrel

Snicker..., and how Bush failed to protect those whose life savings were tied up in oil futures? Of course, like all economic data points, this is good news for some and bad news for others. The people of liberated Iraq will mostly benefit from these high prices, but what are the chances you will ever here this story reported from that perspective?

Posted by Charles Austin at August 11, 2005 04:57 PM