Editorial: Best energy choices

06/13/2005
It’s at about this point in a market cycle that public trust in markets begins to fade. Prices of oil products reach levels consumers find annoying. Energy, popularly ignored when prices are low, becomes an issue about which everyone holds strong opinions. Politicians feel pressure to act. Worry grows that, this time, it’s not just a cycle, that supply can’t meet demand, that high prices will last forever. And with clamor growing for government leaders to do something-anything-the assumption begins to circulate that energy is too important to leave to markets.The assumption is dangerous. It leads to costly mistakes. Energy, in fact, is too important not to leave to marke...
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