Chaff Launch

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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