Noel Sheppard catches an interesting flip-flop from Chuck Schumer:
As the oil executives hearings on Capitol Hill received great media attention given soaring gasoline prices, supposedly impartial press members missed a classic gaffe by Sen. Chuck Schumer (D-NY) as it pertains to the benefits of OPEC raising production quotas versus America drilling in the Arctic National Wildlife Refuge.
On Wednesday, Schumer once again claimed “if [Saudi Arabia] did a million barrels of oil a day increase from today, it would go down about — the translation to gasoline would be about $.50 a gallon, maybe $.62.”
Yet, on May 7, Schumer felt a likely similar increase from drilling in ANWR would “reduce the price of oil by a penny.”
In City Journal, Max Schulz has a great piece titled “California