White House considers tapping oil reserves | Reuters
tapping the oil reserves prior to an oil shortage would be a grave mistake. economic pressures in the absence of a shortage should be given a lot of latitude to fluctuate in response to the market. Higher prices at the pump will force consumption down just like it did the last time and may give renewables the boost they need right now.
In my opinion, a more proper path would be a windfall profits tax or even a cap. Maybe we should examine disallowing oil trading on the commodity market.
No comments:
Post a Comment