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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).



Rafael Mangual
Project Manager,
Legal Policy

Manhattan Institute


Published by the Manhattan Institute

The Manhattan Insitute's Center for Legal Policy.