Energy
I wrote the words in this posting in response to Steve Laffey’s criticisms last week of the oil industry. It was originally part of an extended entry, which did not give the policy issues sufficient visibility. As a result, I am re-posting the portion on energy issues below, with some minor modifications, and deleting them…
Irwin Stelzer has written a sobering article in the February 7, 2005 issue of the Weekly Standard on what he calls the “geopoliticization of the world’s oil and gas industry.” His key point is: …it can’t be said that the free play of supply and demand ever set prices in the oil market. But we…
