Nobody is to blame. There will generally be less and less oil and higher and higher prices. Opening up new sources will only delay this slightly. Politically driven energy policy will generally makes things worse. The old guy freezing with the thermostat set to 40 will have to move further south or move in with someone else, no big deal.
I agree. But isn’t it politics that keeps oil companies from drilling in ANWR?
If that's the case, when it starts becoming real scarce, watch for a war with China for that last reliable supplies..And before that happens, prices for homes, rents and real estate skyrocket in the southern half and southwest regions of the country.
Be interesting to see a war fought with little oil, leaving the winner with little or no oil.