Wednesday, June 16, 2004

A NY Times editorial criticized the Bush administration for granting trade eligibility to oil-producing Angola, a country the Times points out appears to be corrupt and stealing from its own citizens. While this action is indeed deplorable, I would relate it back to the Mother Jones interview I cited a few days ago, where it was made clear that demand for oil is just about equaling production limits. In other words, our appetite for energy usage will only drive prices higher given supply constraints. In that sense, one could say (though I don't completely agree with it) that Bush is simply giving the people what they want (more oil) since very little effort is being made to conserve. In part, SUV drivers are contributing to the coffers of corrupt countries like Angola.

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