World-News

Foundation for Economic Education
by Steven Greenhut

11/18/08

[T]hose of us who understand a few things about free markets aren’t too worried (beyond our normal pocketbook considerations) when we see the trends. As long as the government doesn’t place too many barriers in the way, increasing gas prices will make it economically feasible for oil companies to find new sources of oil or more efficiently tap existing wells. Oil alternatives will spring up. It doesn’t matter if my car is powered by gasoline or chicken droppings. People might be encouraged to adjust their lifestyles somewhat, but I would be shocked if the energy situation causes widespread changes in most Americans’ daily lives. Every ‘crisis,’ however, gives voice to those who believe that current lifestyles are ‘unsustainable’ and must be changed — for the sake of the planet!

http://www.fee.org/publications/the-freeman/article.asp?aid=8359


Informant: Thomas L. Knapp



http://freepage.twoday.net/search?q=gas+price
http://freepage.twoday.net/search?q=unsustainable
http://freepage.twoday.net/search?q=Steven+Greenhut