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.
No comments:
Post a Comment