Monday, February 15, 2010

Time, Money, and Oil

Bloomberg reports that the US will pay dearly for its drilling bans: "Restrictions on oil and gas drilling will cost the U.S. economy $2.36 trillion through 2029..." By 2012, $2.36 trillion could be smaller than our annual deficit, so I can't imagine what a pittance it will be by 2029... assuming the country's still solvent.

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