Big Shocker

Oil companies see the world rationally; NPR does not.

In my first post on this subject on May 1 I contrasted the competing perspectives of NPR’s self-rightious chicken littleing everyone’s gotta conserve right now or we’re gonna die! regurgitation of Matthew Simmons to oil company analyst’s somewhat less exiting forecasts on oil prices.

Today the Seattle Times reveals that the Oil companies read on the situation was exactly right. Nearly the entire recent rise in oil prices was due to temporary factors that had little to do with available oil in the ground. The floor has fallen out of the oil market and it could be quite sometime before it stabilizes.

I know I-told-you-so’s are always annoying but someone needs to identify the endless streams of BS that media organizations with editorial proclivities like NPR pump out with what seems like impunity. Grasping at any novel idea that reinforces a desired policy (environmen…I mean sustainability in this case) like a fat kid plowing through a happy-meal isn’t anything close to responsible journalism.

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