April, 2011

The Effect of Environmental Regulations and other Government Controls on Oil and Gasoline Production

  • Brian Simpson

    Associate Professor of Accounting and Finance, National University
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This paper demonstrates that oil and gasoline prices are much higher than they need to be. However, the higher than necessary prices are not due to the depletion of fossil fuels. They are due to manmade factors. Furthermore, the problem is not being caused by greedy oil and gasoline producers. Prices are higher because of environmental regulations and other government controls. Government controls restrict our ability to produce and purchase oil and gasoline. The paper indicates that the solution to high priced oil and gasoline is the abolition of government controls restricting our ability to gain access to these goods.

Find the paper online at Sage Journals.