Today's TRMS
Doesn't McCain just have the most wicked sense of humor?! And yes we mean wicked, not in the Bostonian way, but in the "of the West" kind of way. Especially now that he has publicly tried to persuade his wife to compete in a topless beauty pageant at a biker rally in South Dakota. Now, what would Nancy Reagan do...?
On today's show Rachel will be talking to Greg Sargent from Talking Point Memo about the thousands of dollars Hess Corporation-- an oil company-- funneled into McCain's campaign just around the time of his pro-offshore drilling announcement.
And then Paul Rieckhoff from Iraq and Afghanistan Veterans of America joins us to talk about the $300 million granted to study post-traumatic stress disorder
HR, no, it isn't US
HR, no, it isn't US consumption.
The price for a barrel of oil produced in the US is exactly the same as the price of a barrel of oil we buy from Canada or Saudi Arabia. The price of oil is determined by the supply and demand of the entire world. So yes, world consumption numbers *are* the issue.
But what if you were right? What if we somehow could reduce only the price of oil for ourselves? Well, we use 25% of the world's oil. So that's over 20,000,000 barrels a day. Adding 200,000 barrels a day would be less than a 1% increase, even if we did live in a world where oil prices aren't set on the world market. Do you really think that most Americans think John McCain is talking about reducing the price of gas by only 4 cents?
And yet drilling for more oil has subsumed the entire debate about the economy. That's a serious problem.
- parent
By Jason M. BryantAugust 5, 2008 - 6:10pm