[skinkinthegrass]

..In 1922, The Arabs...Offered to sell their oil rights to the U.S.A....Too bad, we didn't take them up on it.

[FunkyZero]

So what. I hope it hits 5 bucks a gallon this summer. Alternate fuels will be developed in short order if that happens. I just hope it doesn't cripple us for too long as we adjust.

Seriously, we are very close to realizing what only crackpots used to spout 20 years ago. Ref: http://www.clean-air.org/

[SaveTheChief]

Jimmy Carter would have given the rights back to them, without compensation.

[Sunnyflorida]

"..In 1922, The Arabs...Offered to sell their oil rights to the U.S.A....Too bad, we didn't take them up on it."

They would nationalize them any way.

[hubbubhubbub]

Wrong! Oil wasn't discovered on the Arabian peninsula until the 1930's.

[Centurion2000]

..In 1922, The Arabs...Offered to sell their oil rights to the U.S.A....Too bad, we didn't take them up on it.

Actually those b@st@rds in Saudi nationalized a LOT of american corporate property there in the late 40's.