The whole reason we created the Dept of Energy in 1978 was to purse these green dogmas. Well it 30 years and trillions of dollars in Govt spending later. Where are we from following the Democrat Party's siren song on Energy Policy? The reason we are wholly dependent on the variances of the International Oil Market, instead of being one of the nations profiting by them, is because, for “environmental” reasons, we have spent the last 30 years as a matter of Govt policy, doing everything to restrict domestic energy production to in order to push silly “conservation” schemes
To blame the speculators for speculating in an Oil market made so ultra profitable for them by stupid US Govt polices is to blame the cart for being pulled by the horse.
WE, the people of the USA via the agency of those idiots we elect and re-elect year after year after year, are to blame not speculators, not the market, not the Fed Reserve and dollar policy. US for not developing our own resources and instead allowing the usual suspects to sing the siren song that we could have all the “Eco green” Govt polices we felt like but would never have to pay any economic prices for those stupidities.
and now we’re going to do the oil shale boondoggle all over again? Anything but solutions, that’s Washington for you. There is no evidence that any Republicans have shown any more leadership than the Democrats, except on ANWR. The Cheney task force was a joke reinforcing the truth that oligopolies will always avoid disruptive technology, as Jason Vines has pointed out on his blog. Once again we hear all the nonsense about a “Manhattan project” to put windmills in your car.