[quote]Zap Branigan wrote:
I am embarrased to say checked it out too last night. I wanted to see if I could see what he looks like and I was bored. I blame doogie for suggesting it.
I did not see any in the Econ Dept. that matched his credentials.
I suspect he is not in the Econ Dept because of the tangential way he linked himself to teaching classes to MBA students.
Or the website is not current.
Or he is a lying sack of shit. I doubt this because he is clearly well versed in the fields he claims his degrees.
Gotta love a good mystery.[/quote]
The first, last and only thing I will say on this is that I believe him, have never doubted it after reading his posts, and that there are different types of faculty positions, including adjuncts, that may or may not be listed on a particular website.
But maybe Professor X will be happy that someone else is getting his credentials questioned… (For the record, I believe Professor X’s credentials wholeheartedly).
At any rate, concerning gas prices, how much of the current problem is directly Congress’ fault?
From a WSJ editorial on Congressional meddling with gasoline additives on March 28, or right before prices took off again:
[i]Drivers can send their thank-you notes to Capitol Hill, which created the conditions for this mess last summer with its latest energy bill. That legislation contained a sop to Midwest corn farmers in the form of a huge new ethanol mandate that began this year and requires drivers to consume 7.5 billion gallons a year by 2012. At the same time, Congress refused to include liability protection for producers of MTBE, a rival oxygen fuel-additive that has become a tort lawyer target. So MTBE makers are pulling out, ethanol makers can’t make up the difference quickly enough, and gas supplies are getting squeezed.
It didn’t take an economics degree to see this coming. The MTBE industry’s defense in the many lawsuits claiming its product has contaminated water supplies is that since 1990 the government has required use of oxygenates like MTBE. But with that requirement expiring in May, producers and refiners will face far greater liability, which has set off a race to exit the market. Valero, one of the largest manufacturers, has already announced plans to phase out production. Even the pipeline operators that carry MTBE to high-use areas in the Northeast are backing away.
This abrupt cut-off of a product that makes up some 1.4% of the nation’s fuel supply – and far greater percentages in some places – is certain to wreak price havoc. According to a February EIA report, ethanol production is already running near its capacity of 283,000 barrels a day. Yet “about 130,000 barrels per day of additional ethanol may be needed to replace the MTBE currently used” in gas.[/i]