Oil Prices Down as Supply Drops? There goes the froth

A Wall Street Journal headline today said "Crude Hits Seven-Month Low" which is good news, but infuriating. First of all, it strikes me as proof positive that most of the dollars per gallon in excess of $100 were pure speculative froth, that is, rich people gambling as they try to get richer by distorting the value of a vital ingredient of the world economy, one that is not far behind food and water in term of human survival (given the extent to which current economies are petroleum-based).

In the midst of hurricane season with oil rigs knocked off line and Nigerian rebels blowing up pipelines left and right, in other words, with supply in doubt, oil drops. Where are all those Wall Street talking heads who popped up to parrot the line that $140 a barrel oil "is simply a reflection of supply and demand"? My gut feeling is that they should be publicly stoned with Economics 101 textbooks (obviously it is not stoning when a wood-based material is used, and it probably wouldn't be deadly, just painful and humiliating).

Second reason this situation made me angry was that gas is still close to $4.00 a gallon in New York and it really should be a lot less. Let's say the price of a US gallon of gasoline topped out around here at $4.30 when crude was $142 a barrel (mid-July). That's a little more than 3 cents per dollar of crude. With oil at $100, gasoline should surely be about $3, not $3.85, which is what I paid yesterday. I realize that the finer points of this calculation vary by state, and some states have taxes that are per gallon and per dollar of retail value. But it seems to be that if oil is close to $100 a barrel then gas should be a lot close to $3.00 a gallon than it is. One thing's for sure, you can bet on another quarter of record profits for Exxon-Mobil-BP-Shell-Chevron-Etc.

Labor Day for Virtual Workers?

A few days ago I wrote a post over on the Monetate Blog to make the point that every worker should be proud on Labor Day, even those of us who work with bits and pixels and other nebulous, virtual things. Code slingers and geeks and digital tinkerers are responsible for a significant percentage of the GDP, not to mention the joys of MP3s and Hi-Def TVs and cell phones and IM and texting and such.

Happy Labor Day!

Desperately Seeking Sven?

I'm not going to say a word about this. I'm just going to give you the headline: Mad Cow Rules Hit Sperm Banks' Patrons. And no, that's not from The Inquirer. It's from the Washington Post.

Huffington Post Pick-Me-Up

I thought the Huffington Post was all about politics, but then I saw a post by Verena von Pfetten that said glasses are the new gorgeous.

While this may only be true for Verena and a handful of commenters on the piece, it perked me up quite a bit.

Could this mean that wearing glasses for over 40 years will finally start paying off?

The first glimmer of hope for me was John Lennon, who started wearing National Health Service glasses in the late sixties. That was more than a fashion statement, it was subversive politics of a kind you seldom see these days. NHS glasses were free from the British government's health service, of which Lennon, like me, was a big fan. But before he wore them, many people, myself included, considered them uncool. Suddenly they were cool because a Beatle was wearing them and a lot more people opted to wear them instead of a. designer frames they couldn't really afford, b. going without glasses. He helped make the NHS cool.

So maybe Verena von Pfetten is more politically savvy than she lets on.

When Blogs Work and Politics Don't: The Tire Pressure Debacle

Right wing reaction to Barack Obama's comment about tire pressure is yet another example of how political discourse has devolved in this country. It says so much about the world today that a politician can be mocked for saying that properly inflating the tires on our cars could save more oil than would be produced by an oil drilling program proposed by his opponent. Even if you favor said drilling program, you have to be brain dead to downplay the value of proper tire pressure when gas is $4 a gallon (by defiintion the only people who aren't interested in reducing their gas consumption are those who are too rich to notice the price at the pump). Fortunately, this storm in a glove box has led to some good blog posts, like this from Dan Neil in the LA Times. Here are my own random thoughts:

1. My father taught me to check the pressure in the tyres of the family car on a regular basis, probably because I learned to drive in a country that typically pays 3 times as much as America for gasoline.

2. I have routinely fumed about under-inflation in America since I moved here in 1976. Few things irk me more than driving down the Interstate behind a car or minivan or SUV that has obviously not got enough air in its tires. Even when gas was cheap, wasting it was wrong. Not to mention the negative effects on tire wear, braking, safety, etc.

3. America badly needs educating about tires. A lot of people have no idea what the pressure should be or how to check it accurately. Factors like temperature and load are largely ignored. Read Dan's blog. Read the articles on this site. Have a family meeting to make sure all drivers are with the program.

4. Driving on properly inflated tires is something real you can do to reduce our reliance on foreign oil, so if you can't be bothered to do it, what standing do you have in the national debate?

So be a patriot and invest $10 in a decent tire gauge, then use it, regularly. Please.

Hackers Are People Too Debuts to Cheers Not Boos

We're delighted to report that Ashley Schwartau's debut production, Hackers Are People Too, debuted to applause and standing ovation at the DefCon premiere.

Read Ashley's account of the evening here. She really had the whole indie experience with audio issues and first-time nerves, but it all came good by the closing credits. Like Ashley says, DefCon is a tough crowd. But she wowed them. And sold 600 copies of the DVD!

You can buy your copy here.

Way to go Ash!

What's With The Rugelach-Bashing?

I recently had one of those Emily Litella moments (see entries for Emily Litella and Gilda Radner in Wikipedia if you've forgotten who Emily was). It got me thinking about the sad state of political discourse these days.

While driving from Outer Philadelphia to Upstate New York a few days ago, I took the back roads to avoid some badly-managed late summer road work on the Interstate (ah, the joys of GPS-based motoring--freelance detours without the fear factor). Fading in out out over the hills, the radio in my Jeep picked up something that sounded angry and white and pretty far to the right. I caught a phrase that sounded like "get rid of all these rugelach-eating liberal commie gun-banning elitist...something, something." And I'm thinking rugelach? Rugelach? Really?