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10 comments on Hawaii puts caps on gas prices

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Anonymous on August 25, 2005 - 7:43am Permalink | Subthread | Comments top
Okay, so people are uninformed about supply issues and the threat of Peak Oil. But advancing legislation and adopting a targeted policy  apparently without doing research and educating the public about the underlying issues is just plain irresponsible an will reinforce erroneous public perceptions. Sounding a little like a self-destructive spiral to me.
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Anonymous on August 25, 2005 - 11:38am Permalink | Subthread | Parent | Comments top
You're absolutely right.

Anyone remember what's going on in China ?  The government caps the price.  This results in a) a market that doesn't contain demand, resulting in shortages, and b) suppliers reluctant to produce because they can't make a profit.

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