erewhonman

For Your Perusal: The Glory of Free Market Oil Supply

After reading the froth I went back to Gregor's terse presentation. The argument that increase in price does not always lead to an increase in supply - recent non-Opec, non-Russian oil being the example - is well engaged. Interesting is the array of soap boxes that were pulled out and shouted from in responding to this simple argument. Almost no one responded to the argument! There is no hope!