WTI Crude

Loading...

Brent Crude

Loading...

Natural Gas

Loading...

Gasoline

Loading...

Heating Oil

Loading...

Rotate device for more commodity prices

Middle East Oil & Gas Investment Surges To $294 Billion

Middle East Oil & Gas Investment Surges To $294 Billion

Oversupply concerns and relatively low…

New Technology Could Replace Lithium-Ion Batteries

New Technology Could Replace Lithium-Ion Batteries

Hampered by its short life-cycle,…

Rationing Gasoline in New York will not Work

Crain's New York Business reports Mayor calls for gas rationing in NYC.

Mayor Michael Bloomberg on Thursday called for gas rationing in New York City to begin Friday, saying only 25% of stations in the city were operational and that full production would not be restored for several more weeks.

Rationing Won't Work

Precisely what good is rationing supposed to do? Whatever the theory is, it cannot possibly work.

Overall demand for gas will not drop a bit.

Let stations charge whatever they want. The lines will clear out in no time, and everyone else can decide how much they really want to drive.

Click here to read the full article.



Join the discussion | Back to homepage

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News