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Gold/Mining/Energy : Big Dog's Boom Boom Room
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To: JimisJim who wrote (123683)8/27/2009 3:19:51 AM
From: Elroy Jetson  Read Replies (2) of 206096
 
So you agree with the Economist that energy simply cannot be left to the free market?

I suppose oil and gas producers should be forced by law to continue to produce at full capacity when prices decline? Or they need a state subsidy and direction? Or perhaps governments around the world need to raise taxes to support the oil market by purchasing surplus supply and storing it in new special purpose facilities?

These histrionics in the Economist do have a thin veneer of sensibility. But once you pierce beyond the pleasing gloss, you have to ask yourself what system you prefer to implement other than market forces.
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