August 8, 2008

Is Market Concentration to Blame for Record High Oil Prices?

Michael Giberson Robert McCullough, the “analyst known for his work with a Washington utility trying to prove that Enron manipulated power markets” (in the words of Newswatch: Energy), is back in the news with a report sure to appeal to the economically naive in Congress and elsewhere. In his report McCullough concludes, “All available evidence …

Is Market Concentration to Blame for Record High Oil Prices? Read More »

Is Market Concentration to Blame for Record High Oil Prices?

Michael Giberson Robert McCullough, the “analyst known for his work with a Washington utility trying to prove that Enron manipulated power markets” (in the words of Newswatch: Energy), is back in the news with a report sure to appeal to the economically naive in Congress and elsewhere. In his report McCullough concludes, “All available evidence …

Is Market Concentration to Blame for Record High Oil Prices? Read More »