"The entire economic structure of the West being slowly melted before our very eyes."
US Dollar and Bush mega deficits, and the debt already incurred without nary a hope of being resolved.
Other factors too, including hedge funds deciding oil a good investment, a self-serving prophecy.
Energy bill a joke. Four years ago Bush gave some hope with the "hydrogen economy." Energy bill? A lot of oil company tax breaks without limits that the breaks need to be targeted to investments for the future.
Republican borrow and spend policy chickens coming home to the roost.
budget deficits have nothing to do with high oil prices or vice versa.
From 1981-85, the US ran increasingly large budget deficits as measured by GDP. Oil prcies fell from $39 to $10 per barrel.
From 1998-2000, the budget moved into surplus to the tune of $250 billion annually, yet oil prices nearly quadrupled.
i think you need to learn a bit of economic history becasue you sound like a hyperbolic nutcase