{"id":2636,"date":"2005-08-31T01:02:00","date_gmt":"2005-08-31T01:02:00","guid":{"rendered":"http:\/\/brianjnoggle.com\/blog\/?p=2636"},"modified":"2017-12-31T17:11:35","modified_gmt":"2017-12-31T23:11:35","slug":"bush-prepares-the-keynesian-free-market-wrecking-ball","status":"publish","type":"post","link":"https:\/\/brianjnoggle.com\/blog\/2005\/08\/31\/bush-prepares-the-keynesian-free-market-wrecking-ball\/","title":{"rendered":"Bush Prepares the Keynesian Free Market Wrecking Ball"},"content":{"rendered":"<p><a href=\"http:\/\/www.usatoday.com\/money\/industries\/energy\/2005-08-28-oil-katrina_x.htm?POE=NEWISVA\" target=\"_new\">Bush may tap strategic oil reserve as prices soar<\/a>:<\/p>\n<blockquote><p>\nHurricane Katrina disrupted Gulf Coast petroleum output and rattled energy markets on Monday, sending oil and natural gas prices soaring and setting the stage for a spike in the retail cost of gasoline.<\/p>\n<p>The Bush administration said it would consider lending oil from the nation&#8217;s emergency stockpile to refiners that request it and the president of OPEC said he will propose a production increase of 500,000 barrels a day at the cartel&#8217;s meeting next month.<\/p><\/blockquote>\n<p>Given that the Middle East remains relatively unstable, that one of the largest exporters in this hemisphere has a mad-on for freedom, and that a rising rival power&#8217;s consumption of the existing supply is growing, I&#8217;d rather we save the Strategic Petroleum Reserve for just in case the s really hits the f beyond consumer inconvenience and price increases.  Call it a foolish consistency, but I opposed the last president&#8217;s proposed release as well. <\/p>\n<p>I mean, where does the government&#8217;s meddling in free markets end?  With increased home seizures when the housing bubble &#8220;bursts,&#8221; so better to spur demand and keep the supply tight?  Oh, no, you say?  Why the heck not?<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bush may tap strategic oil reserve as prices soar: Hurricane Katrina disrupted Gulf Coast petroleum output and rattled energy markets on Monday, sending oil and natural gas prices soaring and setting the stage for a spike in the retail cost of gasoline. The Bush administration said it would consider lending oil from the nation&#8217;s emergency [&hellip;]<\/p>\n","protected":false},"author":3334,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[29],"tags":[],"class_list":["post-2636","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/brianjnoggle.com\/blog\/wp-json\/wp\/v2\/posts\/2636","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/brianjnoggle.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/brianjnoggle.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/brianjnoggle.com\/blog\/wp-json\/wp\/v2\/users\/3334"}],"replies":[{"embeddable":true,"href":"https:\/\/brianjnoggle.com\/blog\/wp-json\/wp\/v2\/comments?post=2636"}],"version-history":[{"count":1,"href":"https:\/\/brianjnoggle.com\/blog\/wp-json\/wp\/v2\/posts\/2636\/revisions"}],"predecessor-version":[{"id":19262,"href":"https:\/\/brianjnoggle.com\/blog\/wp-json\/wp\/v2\/posts\/2636\/revisions\/19262"}],"wp:attachment":[{"href":"https:\/\/brianjnoggle.com\/blog\/wp-json\/wp\/v2\/media?parent=2636"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/brianjnoggle.com\/blog\/wp-json\/wp\/v2\/categories?post=2636"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/brianjnoggle.com\/blog\/wp-json\/wp\/v2\/tags?post=2636"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}