Wednesday, August 31, 2005

Environmental Protection or Low Gas Prices?

Critics of environmental regulations say that gas prices are high because a new oil refinery has not been built in 30 years because of these regs. Critics also site increased use of oil in China and other countries contribute to high prices due to limited supplies. Are you ready to get used to $3.00 per gallon gasoline? Drilling is also limited in the U.S. (Much of Alaska, federal lands and offshore are off limits) The Booker Rising Blog features one perspective:

The libertarian economics professor argues that when asking if gasoline prices are too high, we must ask relative to what costs?

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