Free Market doing its job

During my trip out west at the beginning of the month I saw the Free Market doing its job. I have driven across the continent many times and I usually see these oil pumps sitting idle. This time it was different. Most of the pumps were bobbing up down looking like giant birds picking up corn.

The reason is because oil prices are at record highs. The Free Market is bringing these wells online to fill the demand for oil. The supply and demand curve is infallible as price increases more people are willing to supply product.

The few pumps that were not running seemed to be waiting in line for repair crews to arrive, and we saw many repair crews working in the fields. We also saw drilling rigs drilling new wells, especially across southern Indiana and Illinois.

All of this is evidence of the Free Market responding to consumer demand. As the oil from these wells begin to fill the pipeline (both figuratively & literally) oil imports will drop helping the US economy and the price at the pump.

Now many people forget that West Virginia is an oil producing state. In fact we are the second state that oil was discovered in, but our government is holding us back from taking advantage of it. Bad policies by the government cause us to lag behind.

If Del Nancy Guthrie (D-Kanawha) has her way, there would be no business at all in West Virginia. People like Guthrie don't understand how Free Markets work and they fear it. She actually wants more government control over you life. To the point Karl Marx would be proud.

Can you imagen how bad this would be if the government was in total control? The Free Market brought those oil wells online quickly. If we had to wait on government to do it, then I'm not sure if they would have even began to study what to do yet. After year or so of study, they would determine that we would need to start up the old wells, something the free market did automatically.

Government can never do what the Free Market does. The best expertise in the world can never anticipate what the market will do. The head of IBM in the late 70's never saw a need for personal computers, but yet we all have them today. The ability of the Free Market to react to changes in the market place is essential to economic growth and that is something that central planning can never replace.