Liberal Democrat Rep. Gwyn Green, whose state house district covers part of Denver's western suburbs, is a poster child for economic illiteracy. This fact has only been reconfirmed today by a Face The State report on her ill-informed but zealous refusal to attend a party sponsored by the Colorado Oil and Gas Association:"I see no point in attending the COGA Conference," she wrote. "Your announcement does not indicate any desire to moderate the ungodly profits the oil and gas companies are reaping at the costs for [sic] consumers." Of course, the report goes on to explain her fallacy:According to the American Petroleum Institute, statistics through the first quarter of 2008 show that, on average, only 7.4 percent of each dollar paid at … [Read more...]