OPEC, OIL MARKETS, AND TAX URGES

"There is no free market for oil." When policy makers start saying things like that, as some no doubt will in discussions of President Bush's proposed National Energy Strategy, energy consumers should hide their wallets. Once the no-free-market claim turns enough innocent heads, the discussion proceeds like this: "Governments-members of the Organization of Petroleum Exporting Countries-set the price of oil." Gasp! "National interests are at stake." Of course they are. "The U.S. government

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