Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: TobagoJack who wrote (67273)	8/11/2005 8:56:29 PM
From: Slagle	Read Replies (1) of 74559

TobagoJack Re: "oil ought to be more dear" Amen TJ. Long ago an attitude arose here in the US that all sources of energy should be made inexpensive as possible and that such a goal was an important US government policy objective. You see the beginning of this attitude with the New Deal with the TVA, power cooperatives and interstate regulations to cap energy prices. And you see the beginnings of foreign policy of the "oil politics" variety to export this concept abroad. Later we find that Reagan used the "oil weapon" against the USSR. But all this began long before there was any realization of the consequences of energy use on such a vast scale and in a world much less crowded. Higher prices will be a good thing. Slagle

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