Tuesday, April 03, 2007

The Big Business of Blocking Entry The Big Business of Blocking Entry

TCS Daily: The Big Business of Blocking Entry points out that companies climbing aboard Algore's bandwagon may be doing it for purely capitalistic reasons. For example, an oil company can't prevent more oil exploration, etc., but it can prevent more refineries being built in this country through "green" actions, and that works even better, given that we are running at close to full refinery capacity right now. As the demand for refined petroleum products rises, while supply is frozen, oil company profits are liable to rise even faster.

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