[Perdogg]

1. weak dollar
2. weak *resident
3. lack of domestic production

[sr4402]

1) Termination of most oil drilling on Federal lands.

2) Termination of most oil drilling on Coast Waters (including devastated Louisiana)

3) Termination of the XL Pipeline with Canada.

All Policies of the Obama Administration to increase Energy Costs.

[jonose]

1. opec is a monopoly that sets the world supply of oil
2. opec funds ecology branch of dem party to limit US production
3. opec dabbles in world disorder to keep price high when they
mess up on supply calculations

[11th Commandment]

I am in the weak dollar camp. Most oil producing nations are starved for US dollars since they have very little industry beyond oil production. They need to build their "current" account for better credit ratings, allow access to imported goods and fund govt deficits. As the US has INTENTIONALLY weakened the dollar, the same amount of dollars in the current accounts mean less time reserve or months of supply on hand.

Read history, this is why OPEC was formed in the 1960's- oil prices were flat yet the Western Countries were running high inflation. The Arab economies based primarily on natural resource exploitation (oil) had to increase prices to keep up with the inflation of the value added products they imported. The same is happening today. When the dollar doesn't go as far, you need more dollars.

[SandRat]

1) Obama
2) DemoRATS
3) EnviroNAZIs

[KantianBurke]

Sigh. Here we go again. As has been repeated ad nauseum on FR, thanks to the rapid industrialization of China, India & an assortment of other countries that have modernized, there is now a much greater appetite for oil. Even if the supply would double it would barely keep pace with the increasing demands of those countries. And thanks to the weak dollar (thanks Dubya), they’d benefit from an increase in production, not us. No surprise the Townhall hacks left that part out. They’re good at missing the point.