On Jun 12, 2008, at 10:05 AM, Robert Naiman wrote:
> suppose the government were to announce today: from now until
> forever, a
> gallon of gas will never sell in the united states for less than two
> dollars, and a barrel of oil will never sell for less than fifty
> dollars, in
> 2008 dollars. if the market price falls below that, we will push it up
> through taxation and stockpiling.
Two points. I doubt $2 gas would change American behavior much. $4, yes. Not $2.
And what dictator is going to mandate this? I can't imagine anyone ever facing re-election would vote for such a policy.
Doug