There is going to have to be some market incentive to develop both domestic oil sources and alternative fuels. That is going to require some changes in how our economy works. The rising price of gas is one of those market forces in action. Screaming for cheap gas forever is stupid. It is not going to happen.
Funny oh the same Dinocons who so loudly scream about “Big Govt” turn right around and demand the Govt do something to keep gas cheap for them. Govt is NOT the solution, govt is the PROBLEM. They all ready interfere far too much in the production of energy. The best thing they could do is stream line the regulatory process and get out of the way
Give you an example. A massive rig called Blind Faith is going into production in the Gulf. It cost over $1 Billion and took 7 years to go from concept to production. We need 160 more rigs like it just to replace what we import daily at current levels of usage!
If the cost of making that sort of domestic production cost effective is $5.00 a gallon gas Americans should be HAPPY to pay it.
$5.00-$10.00 a gallon gas is a heck of a lot cheaper price to pay then the price in blood and treasure we have spent over the last 35 years policing the Middle East!
The Saudis are in the process of cutting their own throat. We should be GLAD they are doing it, not crying about it.
I’d like to thank the free-traders for the largest increase in oil demand; propping up 3rd world economies into oil consuming 3rd world economies.