From Hilzoy at Washington Monthly, I learn that Sarah Palin knows many things about the oil market:
“Of course, it’s a fungible commodity and they don’t flag, you know, the molecules, where it’s going and where it’s not. But in the sense of the Congress today, they know that there are very, very hungry domestic markets that need that oil first. 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.”
I am stunned. How can we possibly keep track of our precious fungible commodities if we don’t flag the molecules? I believe we should immediately embark on an aggressive NASA-like initiative to affix tiny RFID flags to each and every fungible molecule on American soil. Otherwise, we run the risk of contamination by ungodly and potentially fungible Canadian molecules.