Steve Chapman on Pain at the Pump

February 27, 2012

In the field of petroleum, location is everything. If you want to find oil, you don't drill in Rhode Island. And if you want to find wisdom about gasoline markets, you avoid Washington, D.C. In good times, the confusion and folly of our elected leaders have only limited impact. But when pump prices rise to painful levels, as they have lately, writes Steve Chapman, you can safely assume that whatever politicians say and do will be poorly conceived and ill-motivated.

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