Happy Wednesday. It's chilly out here in the East, so we've brewed up a hot toddy six-pack to warm us all up:
We have to start off the day here by coming to the defense of our esteemed future Fed Chairman Larry Summers. For some reason, the Fiscal Times thinks he's not the man for the job. You'll see why they think so, if you can stop your uproarious laughter after the first-sentence assertion that Syria represented "a rare political misstep" for President Barack Obama.
During my appearance Tuesday on CNBC's "Closing Bell," my esteemed colleague Maria Bartiromo threw out Tim Geithner's name as a possible third-way compromise between Larry and Janet Yellen (at about the 6:50 mark on the video). Another of my esteemed colleagues, Larry Kudlow, floated this possibility a few days ago. What do I say? I say listen to Maria and Larry (Kudlow, of course), but I still say Summers is your man.
Enough Fed. Pity those who had to fill up their tanks this morning—gas prices are creeping higher again. While most of the focus is on Syria, it bears watching that "Libya, a major regional producer, has seen its production completely collapse over the past month," according to OilPrice.com.
—By CNBC's Jeff Cox. Follow him
@JeffCoxCNBCcom on Twitter.