Yesterday, I wrote about the current state of play of the legislation up to allow for off shore drilling. Finally, someone provides the graphic that shows the magnitude of the latest bamboozlement over off shore drilling:
Source: 9/11/08 Gristmill Using data from the US EIA.
There isn’t much oil to get, according to this Government data and the Republicans have gotten their base all excited basically for another scheme to try to give the oil industry yet another subsidy. The conservative free markets at work, my friends.