The Wages of Gridlock

We’re hearing from all over just how good things are – and are becoming ever more so – and how on top of the game the president is. There is that 5 percent GDP growth last quarter and an unemployment rate that has dropped below 6 percent (the bar has, obviously, been lowered) and the stock market is burning it up.

Driving all of this is the abundance of oil at a price that people believed we would never see again. “We can’t drill our way out of this,” they all said. Turns out we could … and have. And it would, unquestionably, not be so good if it were not for the drillers of Texas, North Dakota, the Gulf, and elsewhere.