Stephen Colbert makes analyzing the pros and cons of cheap gas surprisingly entertaining
Gas is down to under $2 a gallon in parts of 13 states, and Americans are taking full advantage of this oil war between OPEC and the U.S., Stephen Colbert explained on Tuesday night's Colbert Report. SUV sales are up sharply, and America is treating cheap gas as a "non-stop petroleum party that will never, ever end."
"Carpe gassum," Colbert said. "I mean, fuel is cheap this week? Give me a five-year lease on a rolling cargo ship with the aerodynamics of a cinder block." Between the jokes, he had a pretty substantive discussion of international oil markets with Jason Bordoff, the director of Columbia University's Center on Global Energy Policy. Bottom line: Cheap gas is good for consumers (in the short term) and U.S. foreign policy, and bad for the environment, oil companies, and countries like Iran, Venezuela, and Russia. What's a faux-conservative pundit to do? --Peter Weber
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Peter has worked as a news and culture writer and editor at The Week since the site's launch in 2008. He covers politics, world affairs, religion and cultural currents. His journalism career began as a copy editor at a financial newswire and has included editorial positions at The New York Times Magazine, Facts on File, and Oregon State University.
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