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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|Other Independent Review articles by Craig S. Marxsen|
|Fall 2003||Bountiful Harvest: Technology, Food Safety, and the Environment|
|Winter 2003||Prophecy de Novo: The Nearly Self-Fulfilling Doomsday Forecast|
|Summer 2000||The Environmental Propaganda Agency|