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March 31, 2004
The economics of oil and gasoline prices
During the political season, my demagogue antenna becomes more sensitive, and John Kerry's recent public remarks blaming the Bush Administration for high gasoline prices rattled my antenna. Arthur Kling provides this timely post on the economics of oil and the poorly-named "Strategic" Oil Reserve. Pay special attention to Fred Singer's piece on the ill-advised policies implemented during the Nixon and Carter Administrations in response to perceived shortages of oil.
Posted by Tom at March 31, 2004 8:14 AM |
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