The Libertarian Perspective on Lowering Energy Costs

August 8th, 2008 3:05 pm  |  by Mike Miller  |  Published in Big Government, Libertarianism, Liberty, Politics, Taxes, energy, law  |  0

News Blaze has a op-ed piece detailing the libertarian perspective on lowering energy costs.

Americans pay much more than necessary for energy because of taxes and restrictions that pump up the costs….Speculators have been blamed for driving the price of oil up to $140 or more per barrel, but if that is the case, there is a simple remedy. The big users of oil, such as the airline and trucking industries, could sell oil futures contracts and drive the price down. The fact that there evidently has been no movement to do so indicates that the price of oil is up because of greater demand and limited supply. The price of oil for Americans is also up because the exchange value of the dollar has fallen.

Then the article goes on to give specific details on things that can be done (mostly getting rid of stifling taxes and regulations that hinder the industry).

Read the full article here.

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