Energetic economics
National ReviewPosted: February 1st, 2008 by Thomas L. Knapp
Author: Clifford D. May
“Everyone who is not an economic illiterate knows that competition leads to lower prices. But there is no competitive market in transportation fuels. In most parts of the country, you can buy gasoline or you can buy gasoline. And most cars can run on gasoline or gasoline. It doesn’t have to be that way. There are alternative fuels. And there are automobiles built to burn them. But there is a chicken-and-egg dilemma: Why buy a car that can use alternative fuels if those fuels are not readily available at a local service station? Why devote a pump at a local service station to alternative fuel when so few customers ask for it?” [editor’s note: After which this alleged “conservative” advocates a government mandate requiring all new cars to be “Flexible Fuel Vehicles” - TLK] (01/31/08)
