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"That helps pricing power, and also helps business-model innovation go faster".
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The countercyclical subsidy/tax to production helps price stabilisation by subsidising production in periods of scarcity and by taxing it in periods of glut.
The tight capacity should also help pricing remain firm.
Production eventually falls, helping prices to stabilise.
It helped Price Waterhouse in merging with Coopers & Lybrand.
That stimulated sales in March and this month, and probably helped prices as well.
Panic-driven production cuts of 4.3 million barrels a day in 1998 and 1999 helped prices climb back.
But such a curb would only help prices for trust shares traded in the U.S. Northern Exposure.
Meanwhile in the domestic property sector, Chinese money has helped prices to more than double over the past three years.
And you can justify some of the recent price gains as a reflection of consolidation within the industry, which should help prices sooner or later.
Hues was also required to help price Harriot's books and other possessions for sale to the Bodleian Library.
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