[USFRIENDINVICTORIA]

The people who will complain loudest about this are the same ones who purport to be the strongest supporters of the Kyoto Accord. The irony is that nothing will do more to encourage conservation of fossil fuels than higher prices.

Maybe, the Bush administration should claim credit for the higher oil prices; and say they are a key strategy in meeting, even exceeding the Kyoto objectives.

[fight_truth_decay]

"Drillers produced oil at rates far beyond the ability of the economy to absorb. Oil prices fluctuated from an early $50 per barrel to about 10 cents within one six-month period."

When was this?

...in the Pennsylvania oil patch during the Civil War.