Comments, please.

Wednesday, August 09, 2006
Enron and Today's Oil and Gas Prices, by Noel Sheppard, published at American Thinker, makes the case that current energy prices are inflated beyond what supply and demand suggests they should be (are kept artificially high) and this is least partially, but substantially, caused by loopholes in the Commodity Futures Modernization Act of 2000, apparently commonly (or at least by those in the know) referred to as the "Enron Loophole".

I do not know nearly enough about economics or commodities markets to judge this article. Since AT does not allow commentary I would be very much interested in hearing opinions of this from those participants at Flares who do know something about such things.

We seem to have a dearth of purist libertarian participants (or even lurkers) here at Flares but if there are any I would be particularly interested in hearing opinions from them.

I now return you to your regularly scheduled attacks upon the L'ancienne, la presse de seditionist.

1 comments:

terrye said...

knucklehead:

I have never heard of this before. It might be true, however, because oil and gas stocks are really quite high and yet prices do not want to ease. I understand that demand is high and the markets are nervous, but this seems excessive to me.