"We remember the high-price periods with bitter tears, but we take the low-price periods as part of the natural order." And while our lawmakers may arrange to confiscate a goodly share of the "windfall" when bets pay off, the periodic busts are strictly a problem for the oil producers to work out on their own, notes Steve Chapman. More: Caroline Baum, Bloomberg News (via Atlasphere).
"Punishing success in the oil business"
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| Isaac Gorodetski Project Manager, Center for Legal Policy at the Manhattan Institute igorodetski@manhattan-institute.org |
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| Laura Eyi Press Officer, Manhattan Institute leyi@manhattan-institute.org |



