November 15 2007

With gas prices on the rise again, alarmists may attempt to characterize this as a market failure, but it is actually the market at work.  When supplies get short, rising prices discourage over-consumption. Higher prices also encourage providers to find more sources of fuel.  Increasing supply is the key to bringing prices down over the long-term.

IWF tackled rising gas prices and other issues related to energy policy in an Energy Summit moderated by John Stossel that featured speakers from both sides of the political aisle.  For more resources and to watch this summit click here.

Comments
blog comments powered by Disqus