Robert M. Gary wrote:

All very true. However, lack of capacity does not result in shortages
as the OP suggests. In a free market lack of capacity or supply
results in higher prices. Now, if the democrats try to cap prices or
increase the tax on gas the restricted capacity would result in
shortages.

It absolutely does result in shortages. Capacity can't be added in zero
time even if it is economically viable to do so. And prices have to
stay high enough, long enough to attract new investment. In the mean
time, shortages will occur ever more frequently even as the prices rise
dramatically.


Matt