Oil prices gained slightly on…
Oil markets reacted positively on…
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.