{"id":2780,"date":"2008-06-27T05:37:59","date_gmt":"2008-06-27T10:37:59","guid":{"rendered":"http:\/\/www.shotinthedark.info\/wp\/?p=2780"},"modified":"2008-06-27T05:37:59","modified_gmt":"2008-06-27T10:37:59","slug":"2","status":"publish","type":"post","link":"http:\/\/www.shotinthedark.info\/wp\/?p=2780","title":{"rendered":"$2"},"content":{"rendered":"<p>A few weeks ago, Rep. Michele Bachmann &#8211; the biggest lighting rod for derangement in the entire Minnesota Congressional delegation &#8211; predicted that opening up domestic drilling could drive gas down to $2 a gallon sooner than later.<\/p>\n<p>&#8220;<a href=\"http:\/\/minnesotaindependent.com\/view\/bachmann-2-a-gallon\">Haw haw haw haw<\/a>&#8220;, tittered the local Sorosphere.<\/p>\n<p>But &#8211; oh, boy.\u00a0 <a href=\"http:\/\/www.marketwatch.com\/news\/story\/gas-could-fall-2-if\/story.aspx?guid={2673C102-68E0-41D9-9C9A-10EE2E723948}&#038;dist=MostReadHome\">A bunch of actual experts agree with her<\/a>:<\/p>\n<blockquote><p>Testifying to the House Energy and Commerce Committee, Michael Masters of Masters Capital Management said that the price of oil would quickly drop closer to its marginal cost of around $65 to $75 a barrel, about half the current $135.<\/p>\n<p>Fadel Gheit of Oppenheimer &#038; Co., Edward Krapels of Energy Security Analysis and Roger Diwan of PFC Energy Consultants agreed with Masters&#8217; assessment at a hearing on proposed legislation to limit speculation in futures markets.<\/p>\n<p>Krapels said that it wouldn&#8217;t even take 30 days to drive prices lower, as fund managers quickly liquidated their positions in futures markets.<\/p><\/blockquote>\n<p>Wow.\u00a0 Do you suppose Andy Birkey will update his story?\u00a0 Perhaps he needs to consult the Twin Cities Sorosphere&#8217;s most respected economist, Molly Priesmeyer, for advice on how to dig out of a factual hole.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A few weeks ago, Rep. Michele Bachmann &#8211; the biggest lighting rod for derangement in the entire Minnesota Congressional delegation &#8211; predicted that opening up domestic drilling could drive gas down to $2 a gallon sooner than later. &#8220;Haw haw haw haw&#8220;, tittered the local Sorosphere. But &#8211; oh, boy.\u00a0 A bunch of actual experts [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35],"tags":[],"class_list":["post-2780","post","type-post","status-publish","format-standard","hentry","category-money"],"_links":{"self":[{"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/posts\/2780","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2780"}],"version-history":[{"count":0,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/posts\/2780\/revisions"}],"wp:attachment":[{"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2780"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2780"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2780"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}