Thursday, March 12, 2020

Obligatory, 3.12.20





We had an Oval Office Address last night. Trump isn't any Reagan, so this may not work for him. As with everything else, we will see.

If there was anything that I would like to see, it would be the use of the Strategic Oil Reserve in order to combat the economic war on our oil patch. This country has achieved some oil independence in recent years. I'd hate to see that go away because of an oil price war.

One thing that could be done would be to buy up some oil. This would tighten the supplies up a bit, and firm up prices. It shouldn't cost too much. Saudi Arabia is at near capacity already. In prior times, they could have imposed huge costs for such a tactic, but no more. If we go back to dependence upon OPEC, they could do it again with impunity. Buy some oil for the SPR while the price is low. It makes sense.

Most everything that they are doing is window dressing. It is all for show. The fact of the matter is that this thing will follow its own course until it is done. We may be able to slow it down, but there's really no stopping it.

If you really want to minimize deaths, you could quarantine otherwise healthy adults.

That might sound insane, but if you quarantine otherwise healthy senior citizens, the death rate would go down. It would also be a lot less costly. Seniors could self quarantine. That is what "social distancing" is anyway. Most people will be okay even if they get it. Seniors are vulnerable. Protect them instead.

This other stuff is just for show.





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