[eeriegeno]

President Bush said gasoline prices will not drop when he signs a bill. But making the nation less dependent on foreign oil will make life better for future generations, he said.

I disagree.... When the US commits to an alternate form of energy for both electricity and transportation use, the price of oil will drop like a rock! And, I hope I live to see the day that the current Saudi prince has to drink his light sweet crude to stay alive........

[Tumbleweed_Connection]

"when he signs the bill..."

What about the future?

[patriciaruth]

When the US commits to an alternate form of energy for both electricity and transportation use, the price of oil will drop like a rock!

Absolutely true in the past when fear of a successful energy Manhattan project greatly decreasing the demand for oil kept the OPEC price down. They didn't want to encourage the U.S. to find an alternative.

However, it may be that OPEC knows about current successful energy research, like the research just published by UCLA on a successful experiment generating energy from cold fusion.

They may be out now to wring every last dime they can for their resource during the last few golden years of The Petroleum Age that they have left.

Plus there is also the growing demand for oil in China keeping pressure on the price.