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RoninLB
RoninLB is offline
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Join Date: May 2001
Location: Peoples Republic of Long Beach, NY
Posts: 21,140
1st paragraph correct. 2nd paragraph of managing a market through taxes probably appeals to their readers?

They failed to report that the recent oil price increase is following the pattern of every "oil price bubble" the US has ever experienced. Supply shock, high oil prices, doomsday , gov't screw ups, new oil discoveries, oil markets resume downward price trend.

Gov't control barriers of where to drill for oil are managed in the typical gov't fashion. As soon as they get out of the way the markets resume in the typical historical way. Meanwhile until the political issue is resolved it's costing the US GDP growth.
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Ronin LB
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Old 10-25-2005, 05:08 AM
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