Price Volatility No Justification for Market Intervention
If the government wants to implement policies to help, it could refrain from punishing financial trading in commodities markets, remove the obstacles from North American fossil fuel development
By Institute for Energy Research —— Bio and Archives--February 27, 2012
Global Warming-Energy-Environment | Comments | Back To Full Article
The world watches the unfolding situation in the Middle East with trepidation. All decent people hope for a peaceful outcome of the brewing standoff with Iran over its alleged nuclear program. However, oil traders have driven up the price of oil based on quite reasonable fears of an interruption in supply, and critics of fossil fuels have pointed to this as further evidence of the need to wean America from its “addiction” to fossil fuels.
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