Simple economics. You've got money? You got oil.

It is basic economics 101. The simple theory of supply and demand and this case the supply goes to the highest bidder. And the highest bidder in this basic case study is, China.

Obviously China is willing to pay a higher price for oil than we are. Oil that is sold on the world market and sold by market speculators buying and selling oil on the Global commodity market. Speculators who are completely indifferent to whoever is the buyer bidder or who is the lower bidder. And we are talking about oil no matter where it comes from. From a rig in Oklahoma, from an ocean rig in the gulf, or down from a pipeline from Canada. Even pipelines undulating down through the hinterlands of Alaska. All go to the world market. It’s like having a world market auctioneer right at the oil head site. Dribbling, babbling bids and selling to the highest bidder.

So, if you want oil and especially domestic oil to stay in America, you have to be the highest bidder. Which often means higher gasoline prices. The person with the top price takes the oil. America has to pay higher prices than China. Higher than India. Higher than Japan and on and on.

Do you see the principle here? You’ve got money? You’ve got oil. No matter where it comes from. Comprender senor?

How we get oil and how much it costs per gallon has nothing to do with where we get oil. It has nothing to do with President Obama. It has nothing to do with Drill baby Drill. It’s all in the world economics. Highest bidder gets the kitty. Takes the whole pot. Wins the first place prize. Winner takes all. Simple, basic, freshman level economics. End of lecture.

Jim Henson please come back.

I was, and still am, a huge fan of the Muppets. Actually a real big fan of the late Jim Henson. Genius creator of the Muppets. First seeing Jim and his Muppeteers on the Jack Parr Friday evening show back in the early 1960s.

Back then Jim Henson was as bazaar and innovative as ever. Wacky, experimental, and loads of laughs. Puppets demonstrating the foibles of life. Showing how things go wrong in a funny way. Explosions, smoke, and unidentifiable noises. So cool. So hilarious.

Now the current producers of the Muppets have come out with a new movie. Basically the scenario involves thwarting “an evil oil magnate” from drilling an oil well on site at Kermit the frog’s former home. And, we will have to guess what happens from there. A movie appearing to pit evil against good. Oil is bad. Thwarting is good. Can’t say if I disagree.

Nonetheless a movie of moral and environmental conscience. Something we might be lacking in our present “Drill Baby Drill” world. I’m sure its detractors will describe the muppet movie as, “A job killer.” I sure hope so. Can’t wait to see the movie. God bless Jim Henson, wherever you are. I send my gratitude and admiration.