rrpinin:The enviromental wacko's have really screwed this country royal with no new refineries or drilling.
Flunked Economics 101, eh?
Look, we consume 3x the amount of crude oil as the next country, and there not a whiff of economizing or conservation. So lets look at our incredibly inept and bombastic leader, whose failed policies gave resulted in systematically -- why, its almost like it was *cough-cough* planned -- driving oil prices higher.
To wit; his incessant saber-rattling with Iran raises concerns of war and more disruption of oil supplies, which in turn prompts speculators -- freely running ENRON-esque scams to raise prices in an unregulated market... seen the speculative futures prices today... still think all will be peachy if only you had a brand new refinery? Even if a hundred new oilfield were tapped in Alaska et al, Big Oil sells to the highest bidder -- that's how they earned the last quarter's $34 BILLION profit -- they're under no obligation to sell oil here. You do know the US exported 268 million barrels of oil last year... got that?
Oh, and did I mention that the dollar dropped again today because this country is in a recession and the global investors are bailing out like rats leaving a sinking ship! Even the Saudis said as much when Bush went begging to them last week, pleading to rev up production so he could take credit for bringing down the price. Their reaction was pretty much that he should stop undermining the value of our own dollar before asking other countries to take a financial hit on oil. Sharp cookies, them sheiks, they got our guy by the short hairs and they're laughing all the way to the bank.
Its a hugely more complex problem than can be solved by your simplistic rejoinder.