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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Jun 08, 2007
Page
21
Almanac for Friday June 8 2007 marks day 159 of the year and spring’s 81st day. Historical notes include James Madison in 1789 and a 1950 sports remark.
Democrats press for FTC authority to probe and punish unfair price manipulation as gasoline hits a record 3.23 a gallon. They cite refinery capacity limits, little new construction, and oil industry profits, urging stronger enforcement and a shift to renewable energy. Carolyn Maloney, D NY, advocates the measure.
Robert Hardaway, a University of Denver law professor, argues that politicians exploit consumer angst over gas prices and distort economics through regulation. He notes past embargo policies caused lines and black market prices, urges voters to understand real world oil markets and incentives for exploration.
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