McCain's Top Energy Expert In U.S. Babels Incoherently

[babylonsister]

Run time: 00:53 https://www.youtube.com/watch?v=ogApDplTYy0   Posted on YouTube: September 20, 2008 By YouTube Member: Views on YouTube: 0   Posted on DU: September 21, 2008 By DU Member: babylonsister Views on DU: 2440

 
Who is a bigger joke? Palin or McCain?

[JonathanBrowne]

1. I think

They are both bad jokes of equal proportions. Just different styles of humor.

[truth please]

2. Please Somebody, Anybody!!!!

Please make me understand what the hell she was talking about.

[bjobotts]

19. Babbeling in stupidity is known as "Goobering". McCain/Palin-Goobers forever

[Liberal_in_LA]

3. 'fungible' is a real word but she's still speaking nonsense.

[Suji to Seoul]

16. Somebody went to Dictionary.com to make it seem like she's more intelligent

than she is.

Fungible - (adj) (esp. of goods) being of such nature or kind as to be freely exchangeable or replaceable, in whole or in part, for another of like nature or kind

Yes, Caribou Barbie. . .I want my car running on coal. What an asshat!

[hay rick]

4. Speaking in tongues.

Or maybe it's the sound of one hand clapping.

I will try to translate.

She says oil and gas are fungible commodities. For most people, this would mean that one barrel of oil from Alaska can be freely interchanged with one barrel from Arabia. They are viewed as equivalent products. The interchangeability of fungible commodities means the end user frequently doesn't know where the product originated and doesn't care. That would be the no flag-waving molecules that Ms. Palin referenced. The user's only concern is price.

Having established the existence of a single world market for oil and coal, she moves directly to the opposite point- "hungry" domestic markets need the oil first. One would think that the hungry markets could be satiated equally well by crude from Alaska or overseas if the price and quality are equivalent. There are also no balance of payments implications for a nation if it chooses to export domestic production and consume imports or if it chooses to consume domestic production and import less of a commodity. The net cost doesn't change.

Palin sums up her point admirably in a single run-on sentence: "So I believe that what Congress is going to do also is not to allow the export bans to such a degree that it's Americans who get stuck holding the bag without the energy source that is produced here, pumped here- it's got to flow into our domestic markets first."

That's so much clearer now.

[Voice for Peace]

8. LOL speaking in tongues.. I think she's just good at confusing dumb people

who think she is smarter than they are.

[gristy]

11. Wow. Thanks for that explanation.

:thumbsup:

[MindMatter]

12. You are crrect. She directly contradicts herself.

You can't have a fungible commodity in a world market and also have the goods directed only to Americans.

And if the oil doesn't go to Americans, but simply ends up in the nebulous world supply, then what have we accomplished?

It would be worth researching where Alaskan oil goes. I bet a small percentage goes to the lower 48. I could be wrong about that, but if true, that is a very important point that Obama/Biden should bring out.

[MindMatter]

13. According to this report, no Alaskan oil is exported today

See http://ncseonline.org/NLE/CRSreports/06jun/RS22142.pdf

If that report is true, that makes her comments a little more baffling because there would be no reason to talk abut a fungible commodity. I assume she was responding to a question to the effect that if we drilled at ANWR, wouldn't this oil just go to Korea or someplace. If this report is correct and if Palin is truly an oil expert -- at least an expert on Alaska's oil industry -- then it seems to me the answer should have been:

"No. Every drop of Alaskan oil produced this year is going to Americans, and I expect that would continue to be true if we can bring the ANWR production online."

So why didn't she give this answer? I'm guessing she isn't really much of an energy expert.

[MindMatter]

15. And a similar analysis from Snopes

http://www.snopes.com/politics/gasoline/alaskaoil.asp

[Bette Noir]

17. I think she's trying to look smart by using a word most of us had to look up.

Sorry, Barbie, one big word does not an expert make.

[bjobotts]

20. LOL hahahaha funny. Manchurian barbie valley girl yup yup

[bjobotts]

21. Talks and talks but says nothing.

[Wetzelbill]

5. My head exploded trying to answer that question

I'd say Palin... but then McCain picked her, so that might make him worse....but then she hasn't ever done anything.... but he absolutely knows nothing... yet she probably knows less...

It's a cycle that never ends.

K&R.

[Zech Marquis The 2nd]

6. wtf was that?!

I need that picture of Captain Picard crying,"WTF is this shit???" :rofl: :wtf: was she talking about???

[berner59]

7. was the CNN headline for real?

That's the best part...that the title is "understanding Palin"...woah that was a muddled and terribly delivered answer...yikes.

[bowens43]

9. The woman is a babbling idiot.

I really am sick and tired of hearing the talking heads say that she is intelligent. She may intelligent for a republican but she's still a moron.

[MindMatter]

10. That is a perfect;ly coherent response on her part

OK, it probably wasn't wise to use the word "fungible" because, although she used it correctly, it would have gone over the heads of 90% of the people.

What she was saying is that Congress ought to pass a law that the offshore oil would go to Americans. It was not an incoherent point. Her point was clear enough.

The problem with her comments is not their coherency. The problem is that she is advocating to turn our vast oil wealth over to giant multi-national corporations for pennies on the dollar. And if she is truly an expert on the subject, she would know that these oil companies are going to ship the stuff wherever they can deliver it most cheaply and sell it for the greatest profit. So Alaskan oil is more likely to go to Japan than the continental US.

I'm not sure she even understands that. But if she does, she should be leveling with the American public.

[MindMatter]

14. If she would have said a couple of words differently, it would have made sense

Where she said "Not to allow the export bans", she surely meant to say "continue" or "reinstate the export bans ..."

I believe that's what she was getting at and just said it wrong. I wouldn't crucify her for that. Plenty of other things to co after her on.

[AusDem]

18. I worry for you guys

if this woman becomes VP and potentially the President. It gives me shivers that America, which has traditionally been (on the whole), a force for good in this world, has slid so far in teh last 8 years, that the country could even contemplate electing someone like her.

I'm glad you guys are all there fighting to make sure that right person gets the job. This nuttyness should really just fire up any right thinking person there to make sure Obama/Biden win!

P.S. do people still use the word "fungible" over there?

[Indenturedebtor]

24. No I think I've read "fungible" once or twice in the Economist

which is of course a British magazine heh.

[Politicalboi]

22. She's speaking in

Tongue.

[opihimoimoi]

23. She gives air heads a bad name.....a shame....but what can I say?

[Red Knight]

25. Oil prices determined by market anyway

Speculators push up prices. Why doesn't she talk about that while she's at it--and admit that we can't drill our way out of this anyway. Our demand is too high and there isn't enough oil onshore or offshore to stop our foreign dependence.

Some people will make money--but the average American is still screwed.

[Karenina]

26. Reminds me of Miss Teen South Carolina...

:freak:

[applegrove]

27. That was so weird. I have an auditory memory disorder which sometimes

makes me make no sense. I'd never run for office. Even at the local level. Cause I can't do meetings or more than one person. I wonder what her issue is.

[ryanmuegge]

28. Yeah, she's got a bachelor's degree in journalism. Of course she knows more about energy

than a nuclear physicist or a geology Ph.D or an oil executive.