BIG OIL COMES TO JESUS:

By way of the National Association of Manufacturers' blog we find this funny piece, Drop in gasoline prices signals drop in greed? (Andrew Cassel, 9/15/06, Philadelphia Inquirer)

Stop the presses. Alert the clergy. Tell charitable fund-raisers everywhere to get busy.

Altruism is breaking out all over. Greed is on the run!

This must be true, because why else would gasoline prices have dropped more than half a buck in the last month alone?

According to the latest surveys, pump prices in the Philadelphia region averaged $2.69 this week. That's down from $3.17 per gallon in early August.

How to explain such a reversal? For the millions of Americans who reject the idea of supply and demand, this is going to be a challenge.

If you're sure, for example, that $3 gas was the product of collusion among greedy oil companies, how do you account for the price tumbling back toward $2.50 a gallon?

Did Exxon and Sunoco have a great moral awakening? Did they suddenly decide to take pity on us motorists? Envisioning millions of SUVs headed for the scrap heap, were they suddenly filled with remorse?

The gates of Heaven only open when you get prices back around $1.50 a gallon.....

Posted by Orrin Judd at September 19, 2006 11:27 AM