Politically Contrived Gasoline Shortage
By Craig S. Marxsen
This article appeared in the Spring 2008 issue of The Independent Review

Regulatory obstruction of investments in gasoline refineries is probably a more significant threat to the affordability of gasoline than any approaching exhaustion of oil reserves. Reestablishment of refiners’ reasonable property rights and adoption of strict liability as the major instrument for controlling carbon dioxide and refinery pollution might end what otherwise may become an ever-worsening, regulatory-induce “energy crisis.”

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