Sunday, May 18, 2008
Throwing it All Away, Forever—But at Least They’ll Get Re-elected!
Polar Bear Decision Reached
The Interior Department is listing the polar bear as a threatened species because of declining Arctic sea ice. Scientists have projected that up to two-thirds of polar bears could disappear by mid-century because of sea-ice losses.
—May 15, 2008
Saudis Rebuff Bush on Oil
With U.S. voters seething over gas prices, Congress is considering a grab bag of ideas: Withholding arms sales to Saudi Arabia until it ramps up production by one million barrels per day; opening up the Organization of Petroleum Exporting Countries to anticollusion lawsuits in the U.S.; and tightening regulation of oil trading.
—Wall Street Journal, May 17, 2008
Ah, to be an elected official in America!
We use too little mass transit, consume too much energy, and one result is we’re helping destroy the planet. So the solution is…to threaten the Saudis and hope they give us more oil!
Forty years from now—most of you reading this will still be around to see it—the polar ice will be reduced to the point that polar bears as a species will be firmly heading towards extinction.
But gas prices right now are so high that in six months Congress might loses their jobs.
Guess who they’ll pander too?
Hint: the constituency that doesn’t vote.
I Am Not Making This Up
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The content contained in this blog represents the opinions of Mr. Matthews. Mr. Matthews also acts as an advisor and clients advised by Mr. Matthews may hold either long or short positions in securities of various companies discussed in the blog based upon Mr. Matthews' recommendations. The commentary in this blog in no way constitutes a solicitation of business or investment advice. In fact, it should not be relied upon in making investment decisions, ever. It is intended solely for the entertainment of the reader, and the author.
Posted by Jeff Matthews at 7:03 PM