Editore"s Note
Tilting at Windmills

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July 29, 2008
By: Kevin Drum

QUOTE OF THE DAY.... From Steve Pearce, a Republican House member from New Mexico who is running for the Senate:

"At a time when we're facing $4 gasoline, I think that you need people who've been in the energy industry to tell us what to do."

Uh huh. And when it comes to diet advice, I turn to the Colonel. His advice is always finger lickin' good.

Kevin Drum 12:03 PM Permalink | Trackbacks | Comments (87)

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Comments

And to learn about terrorism who better to consult than Osama bin Laden.

Posted by: pj_in_jesusland on July 29, 2008 at 12:05 PM | PERMALINK

At a time when we're facing $4 gasoline, I think that you need people who've been in the energy industry to scream beneath the wheels of my hybrid as they are slowly crushed to death.
.

Posted by: Grand Moff Texan on July 29, 2008 at 12:09 PM | PERMALINK

I think the perfect analogy are those ads from the diamond industry telling all gullible men that 2 months salary is what you should spend on an engagement ring.

Posted by: swarty on July 29, 2008 at 12:10 PM | PERMALINK

Dood is stoopid!

Posted by: whitewaterbadboy on July 29, 2008 at 12:11 PM | PERMALINK

Kevin quotes Steve Pearce: "At a time when we're facing $4 gasoline, I think that you need people who've been in the energy industry to tell us what to do."

Like Dick Cheney and George W. Bush, for example?

Posted by: SecularAnimist on July 29, 2008 at 12:12 PM | PERMALINK

If, by "energy industry", Pearce had meant the industry of developing, building, and commercializing alternatives to fossil fuels for energy production, I would agree with him: given both the supply and environmental problems with fossil fuels ($4 gas and global warming), that's one place we really need to look for ideas and leadership.

OTOH, without clicking on the link, I'll go out on a limb and guess that's not at all what Pearce meant.

Posted by: cmdicely on July 29, 2008 at 12:14 PM | PERMALINK

Not for nothing, but Steve Pearce is polling against Tom Udall for the Senate seat, 39% to 54%, respectively, as of July 29th according to http://www.electoral-vote.com/evp2008/Senate/Maps/Jul29-s.html

Perhaps the voters aren't as stupid as the Republicans like to think they are.

Would that numbers between McCain and Obama were as solid. Perhaps Mr. Pearce doesn't have as accommodating an alliance with the liberal press.

Posted by: Everyman on July 29, 2008 at 12:17 PM | PERMALINK

Grand Moff: I think that you need people who've been in the energy industry to scream beneath the wheels of my hybrid as they are slowly crushed to death.

If you want, I'll loan you my new Ford Extinction just for this special occasion.

Posted by: thersites on July 29, 2008 at 12:20 PM | PERMALINK

And the beauty of it is, we don't even have to bother to ask, because they always tell us the same thing: bend over.

Posted by: penalcolony on July 29, 2008 at 12:30 PM | PERMALINK

"Steve has been married to his wife Cynthia for over 20 years, and together they operate a small oilfield services company called Lea Fishing Tools." <wiki>

Posted by: ogmb on July 29, 2008 at 12:34 PM | PERMALINK

Advice from people in the energy industry: When the price of gasoline jumps to $4, $5, or even higher, here's what you should do... pay it. No matter what the price is, just pay. And don't complain. Be grateful we let you have any gas at all.

Don't like it? Go find your own gas.

No need to thank us.

Posted by: R. Porrofatto on July 29, 2008 at 1:01 PM | PERMALINK

There is absolutely no real connection between the price of traded oil and gasoline at the pump.
The pump price is a figment, a combination of what people think it's fair to pay, what the politicians dare to ask the public to pay, and what the oil companies/refineries feel they can get away with.

The price of a gallon of gas at the pump, on 1/22/2001 (a week that will live in infamy) was $1.66

At the time, a barrel of oil traded for about $29.

Present peak was $140/barrel. Which means that relative to this increase, and without adjusting for inflation, gasoline should already be at $8/gallon.

It's not.

I know for certain that the last people on earth to ask are those working in the energy industry. They are con men, and we are their target.

Posted by: SteinL on July 29, 2008 at 1:08 PM | PERMALINK

Well, when we have problems from wild speculators, shady investment strategies and corrupt business deals, we need advice from people who've been in the regulatory system, not free market fundamentalists. Really.

Posted by: Neil B. ☼ on July 29, 2008 at 1:10 PM | PERMALINK

If Republicans would leave socialism to the Democrats, then they would not be accused of subsidizing the oil industry.

After all, remember in 1974 when dumbshit democrats put price control on gasoline, in the middle of a shortage, causing huge inefficiencies which made poor people poorer.

Posted by: Matt on July 29, 2008 at 1:24 PM | PERMALINK

After all, remember in 1974 when dumbshit democrats put price control on gasoline, in the middle of a shortage, causing huge inefficiencies which made poor people poorer.

Too bad that Matt's memory has so many holes. He has forgotten the presidencies of Richard Nixon and Gerald Ford.


Posted by: Jeffrey Davis on July 29, 2008 at 1:33 PM | PERMALINK

OT: Breaking News - Senator Bridge To Nowhere a.k.a. Ted Stevens of Alaska has been indicted. Hopefully, this is the beginning of the end for these GOPers.

Posted by: GOD on July 29, 2008 at 1:35 PM | PERMALINK

Per OGMB, I know Steve Pierce, from having been editor of a weekly paper in Hobbs, N.M., when he was still in the state lege.

Per his business, all he knows about the oil world is recovering tools that dumb-asses lose in oil wells.

Posted by: SocraticGadfly on July 29, 2008 at 1:41 PM | PERMALINK

And when I want advice about the ass-fucking I've been getting from this Republican administration, I'll go to a privatized state prison and call out the biggest, meanest, ugliest Republican.

Posted by: Gaping on July 29, 2008 at 2:07 PM | PERMALINK

Silly post by Kevin. I have no idea about Pearce's actual knowledge, but as a matter of common sense, having knowledge about the energy industry is a plus. It may not be enough to vote for someone, but Kevin's post is so close minded as to be silly. People who think that the present situation can be effectively addressed without finding more oil supplies in the short run is foolish.

[Brian, you have overlooked signing several of your posts today, but I am not too busy right now so I will go back and do that for you. Try to remember in the future, I don't usually have time to fix your oversights. --Mod]

Posted by: brian on July 29, 2008 at 2:07 PM | PERMALINK

wow. I actually got a little turned on reading that. sex!

Posted by: scott herbst on July 29, 2008 at 2:10 PM | PERMALINK

wow. I actually got a little turned on reading that. sex!

Posted by: scott herbst on July 29, 2008 at 2:17 PM | PERMALINK

They know far more about what does and doesn't affect prices

Energy industry people know electing Republicans affects the price of oil products in ways that are in their best interests.

Posted by: Brojo on July 29, 2008 at 2:31 PM | PERMALINK

In an era of $4 gas and $130 barrel prices, we *should* be listening to the people that work in the energy industry. They know far more about what does and doesn't affect prices, and how to get the most efficient energy delivered most efficiently, than do most others.

The energy industry is concerned about one thing, what's good for the energy industry. That makes sense, they're corporations tasked with maximizing shareholder value. We can listen to the industry all we want, but policy-making should be taken as far away from the energy industry as possible. We've heard way too much from them on energy policy for way too long.

Posted by: jrw on July 29, 2008 at 2:38 PM | PERMALINK

"we *should* be listening to the people that work in the energy industry"

When you find one who will give an honest answer, give me a call.

Posted by: Diogenes on July 29, 2008 at 2:41 PM | PERMALINK

Read these words out loud + repeat them to yourselves until you understand them: what the market will bear. Specifically, the price for gasoline will continue to rise unless + until people stop buying gasoline. The slight drop in gas prices that we've seen over the last few weeks is almost certainly due to the drop in miles driven over the last few months. If people start driving more, they'll need more gas; ergo, the price will go up again. Lather, rinse, and repeat.

This is economics so simple that even Milton Friedman or a Republican can understand them. And that's simple.

I'll throw in one caveat, though. Specifically, I expect to see the oil companies drop the price of gasoline as the November election approaches. This will make it more likely for McSame to win, and to continue the Shrub administration's oil-friendly policies.

-Z

Posted by: Zorro on July 29, 2008 at 2:43 PM | PERMALINK

Jasper, et al, yes we should listen to people who know about X for their expertise, but be very wary of their advice (even their purported facts) because of the conflicts of interest. That's what Kevin meant, and the "Colonel" reference. Also, there are objective type experts and lobbyist type experts. We need the advice of the former, not the second type which sadly Congress prefers for their donating capabilities.

Posted by: Neil B. ☼ on July 29, 2008 at 3:02 PM | PERMALINK

When I want marriage counseling, I'll go to the likes of Newt Gingrich, Larry King or Rush Limbaugh. Who could know more about marriage than those who've experienced it with multiple partners? Heck, those polygamists in Texas must be the biggest marriage experts ever.

Posted by: cowalker on July 29, 2008 at 4:04 PM | PERMALINK

A shorter Steve Pearce: We must drill ANWR, drill offshore and drill and stay in Iraq for 100 years.

This is how you change $ 4.00 dollars a gallon into $6.00, $7.00 and more. How do we spell national bankruptcy S T E V E P E A R C E.

or spell it B U S H, doesn't matter, same thing.

Posted by: Me_again on July 29, 2008 at 7:46 PM | PERMALINK

i think that the better analogy is seeking pablo escobar, carlos lehder[the bushit ally], for assistance in getting amerikan citizens to quit snorting snow, smoking crack.

Posted by: albertchampion on July 29, 2008 at 8:09 PM | PERMALINK

I worked for a major integrated oil company for 17 years, and I know that Kevin is absolutely right. Don't ask Colonel Sanders for diet advice. They're making all they can now because they know that this is their last, best chance. Once Bush is gone (and now that the American people have awakened) it's all over. Smaller vehicles and alternative fuel...where does that leave them?

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