http://knowledgeproblem.com/2009/09/24/price-signals-and-free-markets-lead-to-oil-exploration-whod-a-thunk-it/ Commentary on Economics, Information and Human Action Fri, 10 Feb 2012 04:58:33 +0000 hourly 1 http://wordpress.com/ http://knowledgeproblem.com/2009/09/24/price-signals-and-free-markets-lead-to-oil-exploration-whod-a-thunk-it/#comment-9571 Fri, 25 Sep 2009 17:24:36 +0000 http://knowledgeproblem.com/?p=5530#comment-9571 Aren’t these discoveries on government-leased land? It’s not exactly the free market when the company is getting the resources from the government.

]]> http://knowledgeproblem.com/2009/09/24/price-signals-and-free-markets-lead-to-oil-exploration-whod-a-thunk-it/#comment-9562 Thu, 24 Sep 2009 21:25:31 +0000 http://knowledgeproblem.com/?p=5530#comment-9562 With respect to those who still believe in the peak oil theory, some historical perspective is in order. I would suggest going to Google and typing “Julian Simon” and “bet”.

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