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Markets can't create oil.

Publication: The Register-Guard (Eugene, OR)
Publication Date: 30-AUG-05 		Format: Online
Delivery: Immediate Online Access
Full Article Title: Markets can't create oil.(Editorials)(U.S. needs a real national energy policy)(Editorial)

Article Excerpt
Byline: The Register-Guard

The United States has bet its economic future on the ability of market forces to take care of energy supply problems. The current run-up in oil prices is a result and, according to free-market ideology, a corrective reaction will eventually follow: Growing demand has caused prices to rise, and high prices will encourage conservation, innovation and increased production. But the invisible hand of the market promises to slap Americans in the face before it puts cheap gas in their tanks.

A laissez-faire approach to energy relieves people and governments of responsibility to avoid waste or plan for the future. Congress and the president...

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