Thursday, May 15, 2008

The Cost of Dollar Gas? Sleeping in Your Car

CNN has the video here. Notice in the video who seems to be first in line - high school seniors driving a large truck that probably gets poor gas mileage. The kids say they got there at 10:30 p.m. the night before when the station opened at 6 a.m.

Drawing inference from a single observation then....if the next president pushes congress for a price control, many of us with higher time values (i.e. who have families and/or jobs) will end up buying our gas from high school students on the black market.

In other oil news, the election gimmick of not filling the strategic reserve. I'm not necessarily opposed to our not filling it, because I don't know how much we already have there, but it is clearly just politics. If "strategic emergency reserves" are important enough to have, shouldn't we save them for an actual emergency?

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