Looks to me like the dems done stalled sufficiently to allow the high price to slide to the point that exploration and drilling, domestically is not cost effective. That, to some extent has been the issue all along. The price at the pump needs to be exorbitant to galvanize the people to be able to cause congress to pay attention for more than the two minutes they are capable of paying attention to anything.
Not to mention the brainless and arbitrary rules on drilling for the stuff. If all those laws against domestic drilling were dumped into the ash heap of history, at least oil companies would have no excuse for not moving forward when prices per barrel make it feasible.
Wonder how much more anti business anti citizen stuff will manage to get by the congress, before the next short period in history where the oil companies reap record profits and the dems/socialists, and commies will be able to beat them black and blue through of course the complicit media that makes it possible for congress to beat anything they want black and blue.
George W, oil companies, the automobile industry, drug companies for example. There is more, much of it a result of unintended consequences of long noses and loud mouths of our congressional saviors.
Great point. Think how much better our economy would be today if a massive effort for increased drilling, production and refinery growth had been started two years ago. It would have taken the edge off the price spike as well. Not to mention all the new jobs in the US.