What did Jack Kemp of New York mean –natural gas prices?

In 1981, when regulations were holding the price of natural gas below its free-market level, then-Congressman Jack Kemp of New York said the following in an interview with the New York Times: "We need to decontrol natural gas, and get production of natural gas up to a higher level so we can bring down the price." Evaluate the congressman's statement.

My interpretation is: Removing a price ceiling usually results in the price of natural gas rising or falling to equilibrium.

What do you think this means? Do you think my answer is incorrect?

One Response to “What did Jack Kemp of New York mean –natural gas prices?”

  1. philosofurrier Says:

    I think he meant if natural gas regulations were removed production would increase due to more expectation of profit from industry players.