Brown Sludge

Here Comes Your Night To REMEMBAH!

May 29th, 2008

** UPDATE **

I notice that one of the more idiotic libertarian poseurs has ran and back-posted a piece on ”Oil Company Profits” in the wake of my posting this piece yesterday. ”Gas prices? What are gas prices??”

And… not suprisingly it was more screaming like a little girl “SUPPLY AND DEMAND DAMMIT - ITS SUPPLY AND DEMAND.” 

WAAAAH!!. Would you like me to call you a WHAAH-MBULANCE? ROTFL.

Screaming like a woman won’t help you. It’s far too late for that now.

People have to realize that guys like this are just like their idol, F.A. Hayek. Academics who have never ran, or managed a DAMNED thing in their life. Unlike Keynes who had real-world experience. These misguided tools like to parrot the pablum that’s been spoon fed to them by other ivory tower academics with NO real world experience or common sense, but crumple like a cheap suit under scrutiny.

The Fed is going to be tearing your playhouse down soon.

Enjoy!

** END UPDATE **

A Night To Remembah!

I love that line from 1983’s teen sexploitation film “Porky’s”.

A bunch of immature teenage boys locked in a room believing that all the female riches of the legendary southern house of ill-repute would soon be theres to wallow in. Porky had promised them all a “Night to remember!”.

Only to be unceremoniously DUMPED into the ice cold dirty lake when Porky drops the bottom out of the room with the pull of a lever and a shout of “HERE COMES YOUR NIGHT TO REMEMBAH!”.

I hate to be the one who says “I told you so!” (Okay… that’s a lie - I LOVE to be the one who says “I told you so!”) but… “I told you so!”.

CNNMoney is reporting HERE that the Feds are (and have been) investigating oil trading and oil markets. The market plummeted on the news.

Nothing makes me happier.

To all you libertarian posuers and free market extremists that tried so, so, so hard to make any fool that would actually listen to you believe that the price at the pump had ANYTHING to do with a “free market!” - well… Here comes your night to remembah! Enjoy that frigid lake water.

Look at any libertarian leaning blog in the last 8-10 months.

“Gas prices? What are gas prices?” or “Economy? What’s an economy?”

You’ll find post after post about inane subjects like politics, the Iraq war, pit bulls, Obama, Hillary, Bush.

But you WON’T find many posts about what’s going on at the pump, and if you do they are simply idiotic libertarian ninny’s trying to scream “SUPPLY AND DEMAND” so loud you can’t concentrate on the gouging going on.

Because… to a large degree… it’s the failed economic theories of their icon F.A. Hayek that have resulted in much of the pain and suffering we are experiencing today at the pump, grocery store, and doctors office.

AND THEY KNOW IT.

That’s why it’s ”insert sounds of crickets chirping” on the economy or on gas prices.  

Keynesian economics brought us The Thirty Glorious Years. Hayek’s has brought us gas pump gouging, skyrocketing food costs, and a broken healthcare system. 

And anyone who tries to call Keynes a “socialist” is an uneducated dolt. Period.

Regulation has a place. This is one of them. The CFMA of 2000 made this and other market attrocities (Enron, for example) possible. Deregulating the energy industry resulted in “The Smartest Guys in the Room”, and the rising prices you see at the grocery store and at the pump today.

The CFMA2K can be amended with TWO WORDS to end this charade.

Where the nomenclature on exempt markets reads “agriculture” simply change it to “agriculture and energy“.

As Emeril would say “BAM! There it is.”

Not to worry. When the Feds are done - it’s gonna be the free market extremists Night To Remembah!

Me… I won’t be happy until I see the speculators and gougers frog-marched off to the Crow-Bar Hotel in orange jumpsuits.

My guess is that I won’t be alone.

Get some!

Mac

Entry Filed under: General, Big Oil