``I must give him his due. He has considerably cretinized me.'' Lautréamont

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Wednesday, August 17, 2005

Cooler Weather Won't Curb Energy Problems

the price will rise _until people cut back_

this point will be accompanied by screaming and complaining and will be misrepresented as a reason to hold the price down, rather than the correct result of making people cut back.

notice you can buy as much gas as you want. there are no lines. amazing effect of the market without price controls.

Already, drivers are reeling from gasoline prices that are approaching $3 a gallon in some areas and averaging $2.55 a gallon nationwide. Prices are expected to ease after Labor Day, but not by much, analysts predict, as crude oil prices remain above $60 a barrel.

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