Small Boy Put to Good Use

Small Boy Put to Good Use

Sunday, November 13, 2005

Ignorance on parade

Best coverage of an embarassing collection of ignorant US senators trying to find a clue about oil prices is this Econbrowser post (hey, Jed Clampett gets mentioned)!

Where were these senators when oil prices dropped below $15 a barrel in the 1980s and thousands of oil company employees were tossed out of work? Obviously they were not studying economics...

UPDATE: Even senators might be able to learn from EIA Petroleum Basics.

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