Gas price bill

I am concerned that the House passed a bill that gives the FTC more power to punish gas companies for gas prices. What this does in effect is place price controls on the gas companies, which is almost always a bad idea. Price controls create shortages because naturally, if a company is limited to the amount it can charge, it will naturally (based on the free market) divert its supplies to the place with the highest price, and ignore the places with the lowest price. I highly recommend reading Basic Economics by Thomas Sowell for a better understanding.

http://finance.yahoo.com/expert/article/yourlife/34125