Three words. Two if you don’t count ’em twice.
But they’re pretty powerful.
On each side, Left and Right, those words elicit emotion. On one, it brings to mind an independence. On an ability to depend on one’s self for the requisite needs.
On the other, it brings to mind ugly environmental dangers, global warming and corporate greed.
But the biggest argument against increasing our domestic output of oil is that it simply won’t impact the price of a gallon of gas. The incremental gains that we would see will take years to realize. And even then they won’t amount to any meaningful impact on the global supply of oil.
I have a thought experiment.
If the addition of oil to the market won’t lower the price, then the reduction of oil to the market shouldn’t raise the price.
Right?
Wrong.
