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The economic problems we are facing are a direct result of Government intervention in the oil business. America can't drill in the Eastern Gulf,off of either coast, national park lands or Arctic National Wildlife Refuge. It is not possible to permit construction of a new refinery. Nuclear power is out. Don't dare recover oil sands. Certainly can't use coal. Biofuel is not efficient to produce and drives up the food we raise and grow, is harmful to the environment and more expensive than Hydrocarbon based energy.

What is the answer to our self inflected financial wounds?

If we just announced that we were going to allow drilling everywhere there was a chance to find oil in the USA prices of oil, gasoline, diesel food and mortgages would decline and the dollar would skyrocket.

We could actually be self reliant for about 20 years on known reserves. Bear in mind that the Governments (State Local and Federal) control 56% of the land mass of the USA. Most of it being off limits to exploration and production.

Cuba is drilling closer to the Florida coast than we can. That field has potential to be a huge find that extends into US waters. We should be competing in our own back yard.

Gasoline and Diesel stocks are at a higher level than they have been since 2001. Crude stocks are at a high level as well. Many economies are down bringing demand down.

There seems to be between 20% to as high as 40% of speculation built into the current crude prices.

With an imbalance in supply and demand supported by speculation you can count on large swings when additional supplies are rumored to be forthcoming.

We just need a few politicians with a set.

God! We Are Doomed!

I really wish some sound-bite savvy Republican should start blaming our high prices for gasoline on the “Democrats’ failed energy policy”.

Most Americans know that we pay waaaaay too much for oil because OPEC controls the oil spigot. Why have we given OPEC that much power over us?

Because DEMOCRATS (and few “soft” Republicans, like Shays of CT) have stymied the new oil-drilling and the new nuclear-power plants that would restore America’s historic energy indpendence.

It leads one to wonder if the the main reason Democrats are so opposed to “eavesdropping” on foreigh phonecalls might be that Democrats fear that the bribes they have taken from our Arab “friends” to block American energy independence might be exposed.