Friday, July 8, 2011

Business Uncertainty and Oil

On June 20th I took a look at some of the flaws in the GOP's "Business Uncertainty" argument, which they claim is a main cause of the sluggish recovery. The uncertainty argument is also a source of hypocrisy in that oil is a business-unfriendly fuel due to instability in supplies and prices. The Middle East, and its oil supply, has long been a source of instability and probably will remain that way for a good while.

Yet, conservatives often argue that we should stick with oil as our main energy source because it's slightly cheaper than the alternatives on average. However, if instability is a major "jobs killer" and business spooker, then we should avoid oil like the plague. So, which is it, conservatives? It looks yet again like your own logic is sneaking up from the behind and biting your booty.

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