Skip to comments.Mika: Offshore Drilling Wouldn't Lower Gas Prices for Ten Years
Posted on 07/15/2008 4:14:45 AM PDT by governsleastgovernsbest
Mika Brzezinski might be an Obama backer, but she really should sit down with Hillary Clinton. The woman who turned $1,000 into $100,000 could clue her in to the workings of the commodities markets. Be it cattle or crude oil, the concept's the same: these are "futures" markets in which prices are set on traders' expectations of what conditions will be some time down the road.
Mika's need for urgent remedial help on the matter became evident during the first minutes of today's Morning Joe. Ostensibly fulfilling her news-reading function, Mika veered from the prepared text to inject her own editorializing to the effect that lifting the offshore drilling ban today wouldn't lower gas prices for ten years.
MIKA BRZEZINSKI: Time for a look at some of today's top stories. President Bush is calling on congress to lift its ban on offshore oil drilling. On Monday the president ended a long-standing moratorium on the practice, saying new drilling would ease pressure on fuel prices [going off-script to inject her own views] -- in about ten years. Critics argue the production of gas from the offshore --
View video here.
(Excerpt) Read more at newsbusters.org ...
Someone school Mika on commodities markets ping to Today show list.
The price of oil today is determined by many things, including speculation about future supplies. If you shore up future supplies now, prices drop today.
Wonder how Zbig’s little girl got a job like that? Merit, I’m sure...
I believe that lady has the intellect of a carrot.
We resent that. — Robert Thompson, President, American Association of Carrot Growers
Are you available to sit down with Mika and school her? ;-)
Journalists aren’t supposed to think for the people, they are supposed to report and let the people think for themselves.
When we take out Congress and start over, we need to do the same with the media.
I don’t plan to save for retirement — what’s the hurry? I’m not going to need any of that money for 30 years! I’ll start putting money aside when I’m 65 — that way I’ll get an immediate benefit from my savings! [/s]
You can get the Oil in the Mountain states in 18 months, as we know the markets are looking into the future so it would have an impact faster as the world would know that more oil is coming online. Plus the jobs it would create.
I don’t care if it takes 50 years. DRILL G*D Dammitt!!!!!!!
Like father, like daughter.
Stupid is as stupid does.
"Show me just what Mohammed brought that was new, and there you will find things only evil and inhuman, such as his command to spread by the sword the faith he preached." - Manuel II Palelologus
1. We can't drill our way out of this. Which I don't understand, as basic economics tells us that if demand is outpacing supply, increase supply!
2. It will take ten years before that oil reaches the market. That's what they said about ANWR ten years ago! Meanwhile they say alternative energy is the solution, but no windmill is gonna power my Yukon!
I meant no ill will against carrots(geez! can’t help but to offend everyone these days)
And we need to hammer back at them...when will that become available? Two years ago you promised it, EPA just placed a 2 yr. moratorium on solar, and it will be another 4 years after that if it is even allowed to come to market. Oil, drill now...sure thing. Alternatives...?
...a carrot that never took Economics 101.
I guess the talking points are out...the Friend filling in for Steve said it would take five. (rolling eyes)
She probably laid the groundwork with some drilling 10 years ago.
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