Bill O'Reilly's Blame Misplaced

Just like almost every other media figure, Bill O'Reilly is blaming the "greed" of big oil for the nation's energy prices.

In my previous post, I mentioned that the principles behind our energy problems do not require an advanced degree. However, this does not mean that the problem is so simple that we can just jump to conclusions and blame oil companies. Economics, international and domestic politics, business and consumer incentives, the investment cycle, nature (geology), and current engineering and technology limitations all contribute to the energy issue.

It is far too simplistic to demonize the industry that provides the fuel upon which we all depend. I will not be able to address all the factors listed above in a single post, but I will try to discuss each aspect as I continue to write.

Bottom line, I'm disappointed at what little thought is put into media programs before the hosts share their uneducated opinions as fact.