Posted AT 5:48 PM EDT on 16/05/08
Price control pitfalls
Nations in the non-industrialized world are using subsidies and price controls to shield their people from record oil prices, but those policies can lead to unintended consequences. Five Things looks at some pitfalls.
1. Remember the NEP
Canada experienced its own tempestuous history with oil price controls during the first oil shock of the 1970s and early 1980s.
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