Motorists are facing lines miles long trying to fill up their tanks in Baghdad. The Iraqi Oil Minister blames pipeline sabotage. The real reason lies burried halfway through this AP article on the shortages: The official price for a liter of gasoline in Iraq is the equivalent of about 38 cents, or a ...

4 days ago · Economics With A Face · economicswithaface.com/weblog by Peter Mork () 4 references

5 days ago · SIEDS Italian Society of ... · sieds.blogspot.com by (Antonio Cappiello)

In his NY Times column today, David Leonhardt says that Congress is partially to blame for high Medicare costs because of too much control over prices for medical equipment. For years, Congress has set the price for walkers and various medical equipment, and it has consistently set them well above t ...

9 days ago · Mickey's Musings · mickeyhepner.blogspot.com by Mickey Hepner () 1 reference

That’s the headline for this LA Times op-ed by Jacob Heilbrunn. I’ve never suspected that ‘Big Oil’ was causing our problems but it was a nice shot in the arm to see that headline in the LA Times. The downside is that Heilbrunn still advocates using less energy instead of producing more: The recent ...

11 days ago · Let Freedom Ring · letfreedomringblog.com by Gary Gross 32 references

19-JUN-08: Chinese authorities decide to raise fuel and energy prices in a surprise move on Thursday night The National Development and Reform Commission (NDRC) announced on Thursday night its decision that prices for fuel would rise by 17 and 18 per cent, respectively, for gas and diesel. The rise ...

13 days ago · Monetary Policy in China · mgeiger.wordpress.com by mgeiger

Mexico puts a price freeze on 150 pantry staples. Guess what Mexico will soon be running low on?

16 days ago · Beers with Demo · beerswithdemo.blogspot.com by Dean () 7 references

George Phillips has written an excellent article for Poughkeepsie Journal on Congressman Maurice Hinchey's crackpot proposal to establish price controls on gasoline. Phillips reminds us of: " the long gas lines and fuel rationing of the 1970s, and has seen the disastrous artificial shortages price c ...

16 days ago · Mitchell Langbert's Blog · mitchell-langbert.blogspot.com by Mitchell Langbert () 1 reference

China announced today that it will raise prices for gas and diesel, leading to a decrease in the quantity of fuel China will consume. The Washington Post has the story. As an economist, this paragraph grabbed my attention:China's artificially regulated oil prices have been blamed for spurring shorta ...

16 days ago · Mickey's Musings · mickeyhepner.blogspot.com by Mickey Hepner () 1 reference

I’m violating a self-imposed rule of this blog to keep politics out. But I couldn’t resist after back-to-back readings of news clippings on meat shortages in Venezuela and milk shortages in Germany. It’s actually less politics and more economics. I do wonder if there are Chavista counterparts in Ger ...

25 days ago · e.l.m._dossier · elmdossier.com by jzaldua

The Middleton Herald Record printed my June 8, 2008 letter in their Sunday edition and online here Hinchey gas 'cap' misguided Rep. Hinchey's recent call for a price control or "cap" on gasoline prices is misguided. Those who remember the 1970s gasoline lines know that rationing causes shortages. Wi ...

25 days ago · Mitchell Langbert's Blog · mitchell-langbert.blogspot.com by (Mitchell Langbert) 7 references