At this point in time, I do not care if the tooth fairy really did solve this issue. This is getting out of control. I wonder where it end? $200 per barrel? $300? This is what is going to temporarily wreck our economy.
It is WAY past the time to tar and feather (metaphorically of course) the environmentalists
At some point it will end with a huge recession. Oil is used for too many things in our country and its continued rise will bankrupt the economy.
We currently import 13 million barrels per day. At $130 per barrel that menas we are exporting $1.7 billion per day to overseas oil producers. Annually this represents $620 billion of our wealth being transferred to other countries. Thats four (4) times what the Iraq war costs. If oil goes to $175 per barrel then we will be transferring $830 billion per year. At that price it won't be long before our economy goes belly-up.