True, and what the drill our way out of it and the other alternative source people don't understand, is that we have to do both, given the number of Chinese and other people around the world that don't own cars. Demand will continue to climb, and prices will go higher. Look how thirty million illegals in our country has increased demand, and lots of them don't drive.
This makes sense to me.
“given the number of Chinese and other people around the world that don’t own cars”
Where’d you get the idea chinese don’t own cars? In 1972 when Nixon visited Bejing, the city was awash with folks on bicycles. Bicycles are outlawed in Bejing today.