News and commentary about energy and energy policy in the Volunteer State
Wednesday, September 3, 2008
Weaker than expected demand for oil
Oil prices dipped to near $108 a barrel Wednesday as the dollar continued to strengthen and attention shifted to concerns over slowing global demand for crude after Hurricane Gustav left oil installations in the Gulf of Mexico region largely undamaged. 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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