Oil feeding frenzy
Future of Freedom Foundation
by Sheldon Richman
05/03/06
The feeding frenzy in Washington over oil prices and profits may win pander-points for cynical politicians, but it takes the public's eye off the ball. The regular outcry over rising prices, which, you'll notice, requires a previous period of falling prices, highlights some fascinating puzzles. For example, there is a considerable gaggle of folks who think world oil production is reaching its peak and will soon decline. If that is correct, then where's the mystery in rising prices? Furthermore, if the 'peak oil' theory were correct, there would be no need for oil executives to conspire to gouge the public. In fact, the peak-oil theory is wrong...
http://www.fff.org/comment/com0605a.asp
Informant: Thomas L. Knapp
by Sheldon Richman
05/03/06
The feeding frenzy in Washington over oil prices and profits may win pander-points for cynical politicians, but it takes the public's eye off the ball. The regular outcry over rising prices, which, you'll notice, requires a previous period of falling prices, highlights some fascinating puzzles. For example, there is a considerable gaggle of folks who think world oil production is reaching its peak and will soon decline. If that is correct, then where's the mystery in rising prices? Furthermore, if the 'peak oil' theory were correct, there would be no need for oil executives to conspire to gouge the public. In fact, the peak-oil theory is wrong...
http://www.fff.org/comment/com0605a.asp
Informant: Thomas L. Knapp
rudkla - 4. Mai, 16:19
