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Originally Posted by Ustwo
Oh, then I was mistaken in thinking you understood why European gas prices are so high.
Its the government. Norway has the third highest gas prices in the world, and yet is an oil exporter..... Sorry not the market.
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You must have this thread confused with another one. I was talking about the US situation. I only mentioned Europe because it provided evidence that increased gas prices do spark innovation.
The oil industry (say it with me now:
corporatocracy) is responsible for the higher gas prices in the US. That's a result of unchecked free market power.