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Taped on March 30, 1978This show might be called a mini-debate: it follows the formal procedures--opening statements, cross-examination, rebuttals--but with a single combatant on either side. The two old adversaries go at it, as always, with good-humored ferocity. Mr. Galbraith begins by contending that a free market in oil and gas has not existed for some time: "The market has been extensively superseded by planning, and this planning ... has been planning not by the Federal Government, not by other units of government, but essentially by the large and powerful enterprises which bring these products to us." Mr. Buckley counters: "It is of course his thesis, now as always, that the market has been superseded--superseded by natural events rather than by synthetic events. He refers to his kinship with reality and reason by contrast with my own with romance and nostalgia. I do remember nostalgically when an agent of the Federal Government reported in 1885 that under no circumstances would any oil ever be discovered in California." Summary by Firing Line staff.

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