By: norman swingvoter Published On: 9/23/2008 2:25:04 PM
This is an answer by Palin to a question about oil production.
John McCain: Nothing But More Of The Same
Comments
Oil IS a fungible commodity (Lowell - 9/23/2008 2:31:19 PM)
That isn't the problem with her answer, the general incoherence is and also mentioning coal and oil together as "fungible" is bizarre. But oil itself is considered to be "fungible."
Thanks (norman swingvoter - 9/23/2008 2:43:27 PM)
It's good to have an energy analyst to keep us (or perhaps me) straight.
For those who don't know (Lowell - 9/23/2008 3:29:58 PM)
..."fungible" means "interchangeable," which is roughly the case with oil. Basically, although oil certainly comes in different grades - light, medium, heavy, sweet and sour - refineries can generally take most crudes and process it into refined products. In a world market, which is what oil is, that's what's known as "fungibility." But no, Sarah Palin is not correct if she's saying that coal and oil are "fungible," as existing refineries can't take coal and turn it into gasoline, heating oil, etc.
Elitist! (Pain - 9/23/2008 3:42:24 PM)
You're talking about Americas #1 energy expert! Show a little respect, else we'll just cut off all media access.
Uh, I think they already have! (Lowell - 9/23/2008 3:49:52 PM)
:)
Lowell's part of the vast left wing conspiracy (relawson - 9/23/2008 7:55:46 PM)