My buddy at IER likes to ruin my day by sending me ridiculous op eds castigating oil companies. This one is pretty good. It concludes:
Left to their own devices, Big Oil companies will take every step necessary to funnel all the wealth that Lady Luck and American taxpayers have funneled into their bank accounts. It's time now to treat every American as a fiduciary to strike a just balance between private profit and public interest.
(Actually, rereading it now for this blog post, the first sentence above doesn't even make sense. Lady Luck and American taxpayers funnel wealth into the bank accounts of Big Oil, and then Big Oil is going to funnel it again? Why do that? And suppose they wrote checks out to every American citizen. Wouldn't this ostensibly responsible move still qualify as taking "every step necessary to funnel all the wealth that Lady Luck and..."?)
"If your approach to mathematics is mechanical not mystical, you're not going to go anywhere." -- Nassim Nicholas Taleb
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