Comments on: Ad Nauseam: Pocket http://la.streetsblog.org/2008/08/11/ad-nauseam-pocket/ Covering Los Angeles's livable streets movement Tue, 07 Feb 2012 14:06:00 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: ubrayj02 http://la.streetsblog.org/2008/08/11/ad-nauseam-pocket/comment-page-1/#comment-1940 ubrayj02 Tue, 12 Aug 2008 05:30:27 +0000 http://la.streetsblog.org/2008/08/11/ad-nauseam-pocket/#comment-1940 I think that ever increasing gasoline prices are going to fuel a global bubble in investment in oil futures and oil drilling that will lead to little but shareholder grief - and while McCain is pitching his campaign as a return to cheap energy, Obama is positioning to rake in dough from those who would benefit most from rising energy costs. More than the struggles over which modes receive heavy subsidies (which is, I think, one of the Livable Street movement's main struggles), this struggle over what we would like to see with energy prices is what is defining the two campaign strategies with respect to energy. This is, of course, my own wild speculation. I think that ever increasing gasoline prices are going to fuel a global bubble in investment in oil futures and oil drilling that will lead to little but shareholder grief – and while McCain is pitching his campaign as a return to cheap energy, Obama is positioning to rake in dough from those who would benefit most from rising energy costs.

More than the struggles over which modes receive heavy subsidies (which is, I think, one of the Livable Street movement’s main struggles), this struggle over what we would like to see with energy prices is what is defining the two campaign strategies with respect to energy.

This is, of course, my own wild speculation.

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