Fungible? What’s That?

Lynne Kiesling

Sunday’s Dilbert is a funny and accurate send-up of the idea of achieving “energy independence”. Punchline:

Oil is a fungible commodity. The capitalist system virtually guarantees that you’ll end up buying the lowest cost oil from source unknown to you.

Scott Adams clearly learned more from his econ classes at Amherst than most politicians and many other folks have.

Thanks to John Atkinson for the heads up. Check out his regular energy roundups at Winds of Change.