RE: Are they admitting that the free market still works and that supply and demand are self correcting forces?
Price goes down below cost of fracking, fracking slows down, supply shrinks.
Supply shrinks, prices go up, fracking becomes economically feasable again.
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That is ASSUMING that the government doesn’t step in somewhere and mess the whole cycle up.
A huge assumption of course.
When government steps in it is precisely to end or control the free market because it does work, but it doesn't do what they want it to do.
Government doesn't want market power and econpmic power in the hands of the people - they want the power themselves.