27 comments on ASPO-USA: 2006 Boston World Oil Conference
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27 comments on ASPO-USA: 2006 Boston World Oil Conference
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Uh? If it's rationed there will be plenty of reason to "do alternatives". There will be some black market, but at high prices. Even the legit stuff will be expensive, but not as volatile as would be without rationing. I suppose some will object to such non-market ideas, but it'll be rationing in any case, even if based on price. Want the rich to drive hummers and the poor to freeze in the dark? You're sure you'll be one of the rich? The "free market" is about to fail spectacularly, time for new ideas. And tradeable quotas are a market mechanism too.