[Lazlo in PA]

$2 dollar gas is a really achievable goal. Step one: Drill Baby Drill. I don't see why we can't be at a buck and a half. The fact that this isn't brought up more is ridiculous. I am really tired of the Lamestreams meme on this.

[jospehm20]

Yep, all we need is the political will to do it.

[dila813]

Those evil speculators will take care of the rest

[gleeaikin]

Drill baby drill would not affect oil prices for too many years to meet her stated deadline. The most likely avenue is if the Libya mess ends soon and they get back producing in the next year. Unfortunately, after giving O so much grief about Libya, it would be hard to claim that one as a conservative win.

[fuzzthatwuz]

So we fully exploit our own natural resources of oil (which is huge) and gas prices go down to $2.00 p/gal. How long will it take for every taxing authority in our country to jump into the mix and raise their local taxes on fuel?

It would be interesting to view the taxation on a barrel of crude oil from its origin, through pipelines/shipping and refining process, to the consumer price at the pump. I agree that a reduction in per gallon price is feasible, but will require a freeze on increased taxation if not a reduction. Can this happen? Sure, right after Obama publicly apologizes for his incompetence to the American people.!

[FatherStorm]

Step 1.) Authorize Drilling
Step 2.) Subsidize Drilling (You don’t think they’re gonna front their own profits do you?)
Step 3.) Do some exploratory drilling
Step 4.) Determine that the best oil is under inhabited land and apply for Emminent Domain
Step 5.) Forcibly remove the “citizens” foolishly holding up property by having bought homes where the oil companies want to drill.
Step 6.) Wait 5-7 years for Exploratory drilling to pay off (Or until the research subsidies run out)
Step 7.) Pay subsidies to build processing plants (They’re surely not going to use their own profits you know).
Step 8.) Revoke collective bargaining rights for plant workers so the Oil companies can keep their labor costs in line with what they pay in 3rd world counries.
Step 9.) Realize after 12 years that US output does not significantly impact worldwide supply and as a result does not impact price.
Step 10.) Try to play catch up with all the countries that started to shift to alternative energy 10 years back.