[INT. Fade in. An elegant Middle-Eastern residence. Several men in traditional garb and several in Western business attire sit in a half-circle around George W. Bush and King Abdullah of Saudi Arabia.]Insofar as our government is meant to represent and concretize the will of the people, George W. Bush is really the best man for the job after all. He's so American it hurts. Here he is yakking to a bunch of Saudis about how high oil prices are tough on the American economy? You know what the Saudis are thinking? Not tough enough to make anyone quit buying it, dick.
BUSH: See, ah. The price ah oil's high. It's hurtin' the economy. In other words, it's bad for the economy. See, ah. When people buy things, they need money. In other words, they make purchases. That's why we call em consumers. Because they buy. But if they're buyin oil an it's expensive, then it hurts the economy.
ABDULLAH: What the fuck are you talking about?
On a perhaps more substantive note, the King of Saudi Arabia has got about as much ability to reverse or even substantially retard the long-term rise in petroleum prices as I do. There's only so much of it in the ground; there's only so much capacity to pump it out of the ground; and everybody wants it. The Chinese want it. The Indians want it. America wants it. The Europeans? Yes, they want it to. Not only for our cars, but for our plastics and our computers and our cell phones and our pharmaceuticals and our industrial products and processes and just about everything else we do, move, or make. Prices are high because demand is expanding at a faster rate than production. The King of Saudi Arabia could peel off the crust of the earth and pump the shit out with a sump pump the size of the moon and still prices would go up after a momentary levelling off.
Tough on the economy. Just you wait.
8 comments:
You've mentioned you're a fiddler, right? Do you picture yourself more in the role of an apocryphal Nero here, or as the band on the Titanic? Who was having a better time?
Aren't plastics and other crap made out of different parts of the oil, so that an increase in demand for one oil-based product doesn't necessarily increase the price of another?
Not necessarily, true, and refining processes do make it possible to use the same raw resource for multiple purposes. This is far from efficient or universal, though, and in any case I was only trying to make the point that use of oil isn't only tied to autos and energy production, but to a the whole of the industrial and "information" economies.
So, in other words, Bush is saying to the Saudis: "Save our asses you cocksuckers!"
Nevermind the fact that is not merely supply and demand that is driving the price upwards, it is Bush's willingness to run the treasury's printing presses nonstop to help hide the economic disaster he and his dickhead buddies have created. As Bush's advisors know (if not Bush himself), cheaper dollars, all things being equal, means anything traded in dollars goes up (obviously)-- oil, gold, stocks on the US exchanges. Abdullah ain't stupid-- he is not going to take a dollar that is worth half its value of 6 years ago for the same amount of oil it would have bought back then. Which makes Bush talking this bullshit to them even more ludicrous. "Why the hell won't you people take our intentionally devalued currency at the same exchange rate you used to????? You goin' jihad on us or sumthin?"
And here you were giving Kunstler such shit a little while ago. . .
So, in other words, Bush is saying to the Saudis: "Save our asses you cocksuckers!"
Well hey, up to now dad's pals have always come around, more or less.....
-- sglover
Am I wrong or does it feel like 1992 again? Economy inshit, Bush trying to salvage something out of the mess, mideast in turmoil, Clinton posed to win. Deja vu all over again.
Who gets to be Gore??
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