Monday, January 07, 2008

Plugging the Lacuna in my SPR Argument

I earlier linked to an Investor's Business Daily op ed in which I called for privatizing the Strategic Petroleum Reserve. In that article, I glossed over the exact incentives that would propel private speculators to stockpile oil above ground--rather than cause producers merely to slow their extraction in the present.

Well that hole has been plugged. You may now sleep better at night.

No comments:

Post a Comment

Mises on Immigration

Hat tip to Mr. Karaoke himself: "Mises does recognize that peaceful cultural and political assimilation can take place 'if the i...