Thursday, May 11, 2006

WSJ.com - The Real Gas Gougers

"Mark this 'gouging' law down as the first step back toward the oil and gas price controls of the 1970s. We know that chapter of history ended poorly for American consumers -- with supply disruptions, gas lines, and increased dependence on foreign oil. Under Congress's new brainchild, the next time there is a gasoline supply disruption, service station owners may well hold prices artificially low to avoid jail sentences. As night follows day, that will lead to shortages, lines and stranded motorists. So if Congress thinks that voters are in a foul mood now, wait until their price-control scheme offers them no gas at 'non-gouging' prices." test

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