Plunging Oil Prices May Do More Harm Than Good

The Financial Times analyzes the effects of the falling price of oil on energy markets and concludes that the short term economic gain for oil consumers will come back to bite them as investments in alternative fuels will cease as will conservation.

By Ed Crooks

Full Story: http://www.ft.com/cms/s/0/6c815670-cf97-11dd-abf9-000077b07658.html?nclick_check=1

***

From The Washington Post op-ed – Charles Krauthammer, "Tax & Drill":
"The idea is for the government — through a tax — to establish a new floor for gasoline, say $3 a gallon. If the world price were to rise above $3, the tax would be zero."