McCain's campaign ads on television spend a great deal of time talking about his experience. Things such as getting shot down in Viet Nam, being bayoneted and tortured, and then spending 5 years in a POW camp seem to rank very high on McCain's list of what he believes are…
I thought this was interesting...while America drowns in red ink from a combination of Bush tax cuts and the money pit known as Iraq, Iraq has been racking up nice profits from selling all that oil they have. This year's spike in oil prices has been especially good for Iraq…
In America, many Republican politicians, including presidential candidate John McCain, are using the recent spike in oil prices to call for increased domestic production, including opening wildlife refuges to oil drilling. In response, opponents are arguing that increased production will merely perpetuate America's addiction to oil, worsening environmental damage and…
Let's do a simple thought experiment. Let's imagine you are the CEO of a company and you need to hire a manager to supervise some segment of your business. To keep things simple, let's assume only two people apply for the job and that you interview both of them. The…
Every barrel of oil taken out of our planet has a cost associated with its extraction. This cost-per-barrel varies for different oil fields and also varies over time for a given oil field, which means some barrels are costlier to extract than others. When the market price for a given…