Three Letters Re: Some Good May Come From High Gas Prices
JWR, Again, Michael Williamson brings a bit of fresh air in his letter regarding gas prices. It’s called the free market pricing mechanism and when allowed to operate it would solve most human problems in the most efficient manner. Regards, K Dear Jim, There is a huge difference between reserves (total resource) and the amount of the resource that can be produced each year (production flow rate per unit of time). Both Canada and Venezuela have large reserves of tar sands. However, the annual production of tar sands is limited by production constraints and has a low (but positive) energy …