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This quote is just one of 8 total Severin Borenstein quotes in our collection. Severin Borenstein is known for saying 'Unfortunately, sometimes you see big wealth transfers occur when something becomes scarce.' as well as some of the following quotes.
Unfortunately, sometimes you see big wealth transfers occur when something becomes scarce.
In general, you have to have a pretty serious market power concern before you go down this road [of price controls], because the chances of causing shortages and causing gas lines are quite significant. Hawaii seems to have designed this so it's much less likely to happen, and Hawaii has a credible argument to be made that they face a significant market power problem.
It looked like money down a rat hole. I can certainly see why they'd be cautious now. Just because you're making an extra $35 a barrel doesn't mean you should be pouring that into exploration.
This quote is just one of 8 total Severin Borenstein quotes in our collection. Severin Borenstein is known for saying 'Unfortunately, sometimes you see big wealth transfers occur when something becomes scarce.' as well as some of the following quotes.