Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Don Lloyd who wrote (11904)	12/17/2001 1:03:32 AM
From: Maurice Winn	Read Replies (2) of 74559

<If, and only if, politicians do not really respond to calls from their constituents to control prices.> Don, Some constitutents want carbon taxes on fossil fuels to prevent the greenhouse effect. That would prolong the supply of oil. If the price control is to keep prices down, that will prolong supply because people will stop producing it and serious shortages will result with price pressure as in California due to politicians preventing electricity supplies being developed due to their price controls making production uneconomic. Price controls won't last long because it'll all go wrong quite quickly. Mqurice

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