News and commentary about energy and energy policy in the Volunteer State
Monday, September 8, 2008
Oil
$105 per barrel on Friday, a five month low, but Hurricane Ike is pushing prices up due to expectations of supply disruptions in Gulf of Mexico. More...
It is estimated that a third of all resources are allocated outside of markets, via the public sector. The remaining two thirds of resources are allocated in markets that are regulated by the public sector. Small changes in policy can have a dramatic impact on the direction and flow of resources in a particular sector of the economy and thereby on the well-being of society. Good information and analysis facilitates good debate and, in the end, good policy.
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