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The Oil Report, August 9, 2006

PORTLAND, OR — by Mike Bryson — The oil industry and market has been destroyed by State regulations, control, war-mongering and subsidies. The more the State has become involved in energy regulation, the higher prices have gone and the lower supplies have dropped. Often times we see those in the State or aligned with the State seeing a crisis looming ahead, but we also have seen the State try to stop a crisis with price caps, which has caused a bigger crisis. The gas crisis during the reign of Nixon was shown to be false, just as every crisis will likely be in the future. The free market of prices tagged to real supply and demand is all we need to overcome a crisis; when real supplies dwindle and real demand goes up, other energy sources will be found. It happened with Kerosene and Coal turning into Gasoline and Nuclear energy; if it wasn’t for the State limiting the supply of Gasoline and Nuclear generation, we’d have much lower prices and much higher supplies of both. Read this entire article at the oil report site.