Bubbles Reach Burnett’s Brain
Erin Burnett, the bubbly CNBC host, is clearly suffering from bubbles in her brain. This morning, she was blathering about how the USA can’t “drill its way out” of its energy problems. She did “calculations” showing that it was impossible.
Of course, it was bubble-heads just like her doing the same “calculations” five years ago that got the USA into the situation that it now finds itself: rapidly transferring its vast wealth to oil-producing nations.
I’m sorry, but this “producing energy won’t produce energy” argument just doesn’t pass the idiot test.
Burnett argued that the USA must break its “oil addiction.” OK, but exactly how much scientific progress can be made on alternative energy technology when the lights go out in the lab? How much progress can occur when your civilization is grinding to a halt?
Here is one of Burnett’s quotes about how men can impress her from Wikipedia:
“Family is important to me, so round-trip business-class tickets to Australia and New Zealand for my parents would earn you big points in my book.”
Burnett’s potential dating-pool of men is rapidly shrinking as jet fuel prices soar. And if she has to rely upon battery-powered airplanes, it might be a long time before she sees her parents again. Maybe Burnett is hoping for a trans-Pacific railroad like Florida’s proposed rail line to Europe.
Ironically, later in the day, Burnett had to read lines off of the teleprompter about how Texas was the USA’s top energy-producing state. Thank god Texas is not filled with bubble heads.
Note: Burnett’s comments were directed at economic Sad Sack, Larry Kudlow, who sat in for Mark Haines on CNCB this morning. Kudlow finally got something right with his new “drill, drill, drill” slogan. This is a dramatic improvement over his previous slogan: “Jump up and down and clap your hands for 0.6% GDP growth!”
June 24th, 2008 at 3:58 pm
Hi Matt,
good point. In July I’m back in Dubai and every time I get there I become more angry. The U.S. alone is transferring about $2bn every day to oil producing countries. This is sheer madness. And on top of it people go on vacation to Dubai to see what the Sheik family does with the money they paid at the gas pump. Simply outrageous. It’s driving me mad. Dubai will have about 10mn tourists every year. That’s about the Dubai population every month. A few decades back U.A.E. was a poor country. Now they don’t know what to do with all the money we are paying them. We lose money, power and influence because of some dumb politicians. Everything that has been built up over generations seems to evaporate in a few years.
June 25th, 2008 at 11:25 am
Hi Dressguard,
Yesterday, I saw video of Barack Obama saying that drilling off-shore was just a “gimmick.” That’s our next president! A guy who doesn’t believe in energy production! The USA is worse than OPEC. At least OPEC produces some of its oil…
Matt