Trust government to manage energy?

You might want to think again. Apparently, the head of the IEA is "puzzled" about high oil prices.

Or, maybe not. The cause isn't that complicated; demand is high due to China and India, and also to governments subsidizing fuel for their peoples. Supply is low due to Congress withholding supply, Venezuela kicking out the oil companies that maintain their oil fields, and some little situations in the Middle East.

I don't know whether Mr. Tanaka and his colleagues don't know, or won't tell, what's going on. Either way, it's not exactly an endorsement for government to make choices about energy production.