TITLE

The oil price panic

AUTHOR(S)
Steidtmann, Carl
PUB. DATE
August 2007
SOURCE
Progressive Grocer;8/1/2007, Vol. 86 Issue 10, p109
SOURCE TYPE
Trade Publication
DOC. TYPE
Editorial
ABSTRACT
The author reflects on the increasing oil and gasoline prices in the U.S. He cites that politicians proposed several solutions for the oil price increases, including price controls, excess profit taxes on oil firms and oil tax rebates for consumers. He argues that oil tax rebates do nothing to augment supply or reduce demand. He asserts that the easiest way to deter the consumption of any product is to increase its price.
ACCESSION #
26204288

 

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