Price controls
Now we get arguable evidence of the possibility that the real threat to the allocation of scarce resources was not consumer-led price controls, but producer-led price controls. At least, that's the way Bill Cara "sees it":
A study of energy markets shows manipulation, Mon., Sept. 18, 2006, 6:48 AM
As I interpret the charts in a Merrill Lynch energy study published on Friday Sept. 15, there is collusion between the energy companies and between certain traders of futures markets. As I see it.
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