Sunday, March 25, 2012

Regulating the price of gasoline in a free market

Everyone has a theory to explain the fluctuating and rising price of gasoline. But considering ALL the factors that influence the price, it's virtually impossible to actually come to a simple answer. But the simplest answers are often the ones that most people discount.

What if there were a free market in Oil and Gas?
What if the price of oil and gas were entirely dependent on supply and demand?
What if all taxes were removed from the price of oil and gas?
What if road construction and repair was entirely financed by the users through tolls?
What if oil companies were actually allowed to find new oil reserves on government lands that are excluded from the search?
How might things change?
Check out this very interesting column by Lawrence Solomon in the National Post.

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