BizRadio Debate No. 1: Mike Norman vs. Dan Frishberg on High Oil Prices, an Industrial Info News Alert

June 23, 2008 7:30 AM EDT

SUGAR LAND, TX -- (MARKET WIRE) -- 06/23/08 -- BizRadio's top two economic experts go head to head on the best solution to high-priced oil: Should the government legally stop speculators who drive up the prices or should the government take the brakes off and let the free market fix the problem by itself? Read the riveting text below or listen to the raw audio.

Mike Norman: "I just don't think it is good public policy to allow speculators to hoard a scarce resource right now. Look, if you want to make a bet on rising oil prices, what's wrong with buying shares of ExxonMobil (NYSE: XOM) (Irving, Texas) or Chevron (NYSE: CVX) (San Ramon, California) or ConocoPhilips (NYSE: COP) (Houston, Texas)? The idea of hoarding a physical commodity, right now when we know it is a scarce commodity -- and there are places in the world where it is produced that they are not very friendly to us -- I just don't think it's good public policy to do that."

For details, view the entire article by subscribing to Industrial Info's Premium Industry News at http://www.industrialinfo.com/showNews.jsp?newsitemID=134648, or browse other breaking industrial news stories at www.industrialinfo.com.

Industrial Info Resources (IIR) is a marketing information service specializing in industrial process, energy and financial related markets with products and services ranging from industry news, analytics, forecasting, plant and project databases, as well as multimedia services. For more information send inquiries to businessfinanceandinvestments@industrialinfo.com or visit us online at www.industrialinfo.com.

Add to Digg Bookmark with del.icio.us Add to Newsvine

Contact:
Joe Govreau
713-783-5147

Related Categories

Press Releases

Stocks Mentioned

Add Your Comment

Name

Subject

Body

Verification can't see the text?
click here to refresh the image.
what's this?