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The risks of misguided prohibitions

President Obama rolled out the big guns in late May and early June against the Gulf of Mexico oil spill. First, the administration turned to Hollywood. Movie director James Cameron was brought in on June 1, along with various scientists and experts, to brainstorm on how to plug the oil leak. Why Cameron? Well, he’s… Continue Reading The risks of misguided prohibitions

When it comes to energy, a critical question always seems to be whether public policy will be guided by sound economics, or irrational, pandering politics. That question looms particularly large right now. There is the usual issue of prices. Early this month, the price of a barrel of crude oil was up by 34 percent… Continue Reading The Gulf oil spill and energy economics and politics

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