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"Punishing success in the oil business"

"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).



Isaac Gorodetski
Project Manager,
Center for Legal Policy at the
Manhattan Institute

Katherine Lazarski
Press Officer,
Manhattan Institute


Published by the Manhattan Institute

The Manhattan Insitute's Center for Legal Policy.