OUCH! This statement just make my brain hurt. Why do these people have such a hard time understanding the supply side of economics?
They have the same problem with the demand side. In the event of a supply shortage, their solution is "demand less" and not "supply more."
While "demand less" works in the short term, if the demand isn't met by an increase in supply, and if prices are capped, "demand less" doesn't work, and new supplies aren't ever brought to market, resulting in over-use of the current resources to the point of unprofitability, after which point government is forced to step in and subsidize supply, granting exceptional powers to the government in the process.
Sounds like Liberal Plan "A" to me.
OUCH! This statement just make my brain hurt. Why do these people have such a hard time understanding the supply side of economics?
Not just "supply side economics". They don't understand economics, period.
"Demand" is conceptually difficult for liberals to understand. They are committed to creating a planned economy, where they unilaterally determine supply. As consumers, we're supposed to accept whatever level that might be. Our "demand" has no place in the equation -- it has been superseded by their command decision regarding supply.
And, right now, so far as energy is concerned, their command decision is "less of the above" -- irrespective of demand.
Truly, they are revealing their Marxist roots on this issue.