April 26, 2006
Let's look at alternatives
National Review Online has a good editorial about the emerging energy shortage. So far, with all of the wailing and teeth-gnashing, no one has really addressed the real cause of the shortage -- we have more demand than we do supply.
Those are just the kinds of numbers we don’t want to see if keeping gas prices low is our goal. The only way to put downward pressure on prices over the long term is to make sure supply can match demand — and that means encouraging domestic oil and gas production, not discouraging it. Hastert, Frist & Co. have it exactly backward.
Read the whole thing.