John Moore at Useful Fools does a very good job of filleting the AZ Republic article regarding price controls.
As much as I hate the idea of paying $5 a gallon for gas, I am much more upset by the idea of our politicians deciding what the market can bear. Zonitics spells out plainly the case for gouging - heck, he's demanding it. Perhaps the higher prices would cut down a bit on the hoarding that is going on now. I believe that, had the media not whipped the public into a frenzy, there would be plenty of gas to go about our daily routines.
Good news: The Feds have given their approval for testing to begin on the Kinder Morgan pipeline. Don't know what this means timewise, but it seems to be a positive step.
Posted by Vox at August 19, 2003 12:32 PM | Phoenix , politics