Economics theory beyond lib's comprehension

From the Grouchy Old Cripple:

Economic Twit
I'm just not in the mood to do an AOTW this week. Instead, I'll publish a letter from a booger eatin' moh-ron that appeared in today's Atlanta Urinal and Constipation.

Gas and oil prices need regulation
When gasoline prices can jump 12 cents overnight at a discount gas station, there is a problem. No change in the wars in the Middle East happened overnight, there was no hurricane in the Gulf, and there was no major blizzard up North. Gas and oil need to be treated like the utilities they are, not as speculative commodities. Too many people can be hurt too much to have everything hanging on the whims of Wall Street speculators.

SYLVIA ROGERS, Roswell


Sylvia you ignorant slut! Gas and oil are commodities. They are not utilities. I guess you've never heard of the Law of Supply and Demand have you?

Right now refineries are in the process of changing from heating oil production to more gasoline production. Sorry. We don't really have enough refineries to do this seamlessly. Thank the Gaia worshippers for the fact that we haven't built a new refinery in over 30 years.

And while you're thanking the Gaia worshippers for that, thank them for the multiple blends of gasoline that we have to produce to save the fucking environment. If we could decide on a single blend for the whole country we could surely knock a few cents off the price of gas, but noooooooo. That would make too much sense.

The weather is getting warmer. Didja notice that? More people want to drive. You may have not noticed in your liberal induced daze that gas prices rise every year at this time. Someone as stupid as you probably marvels every autumn when the leaves change as if this is a new phenomenon. "Oh look at the pretty leaves. I've never seen this before!"

It happens every year!

From your writing style you appear to be about fifteen years old so you probably don't remember the last time we tried to regulate the price of gas. This was during the administration of the worst president of the 20th Century. We now know him as the addled old anti-Semitic, anti-American asshole Jimmah Carter. As with most of the polices of the Carter administration, it was a disaster. Gas shortages and gas lines. When gas is artificially cheap, demand exceeds supply and shortages occur. I'm sorry Sylvia, but that's the way the world works. You can't repeal the Law of Supply and Demand even though liberals, socialists, and communists have been trying to do it forever with absolutely no success.

D'ya know what finally happened? Reagan deregulated gas, (Ted Kennedy was totally against it. Some things never change.) people didn't like paying the high prices, they bought more fuel efficient cars, demand dropped, and amazingly enough, so did prices. Poof! PFM. Well, only to a liberal. To a conservative who actually understands some rudimentary economics it all makes perfect sense.

But, to an economic twit like you it will always be a plot by those eeeevvvvil "Wall Street speculators".

I can't make you the AOTW but I guess I can make you the Twit of the Week.