In article ,
"Matt Barrow" wrote:
There is no limit really. Name something else you can put in a tank and
burn that is less expensive. Alchohol? Biodiesel? Electric? Right now,
all of those are more. There is a pretty good chance it will go back
down, SOME. But I doubt we will ever see it under $2 again.

That's what they were saying in the 70's during the oil embargo... It will
come down.

And in 1981 onward, IT DID!


Unfortunately, we currently have a president and congress who are about
as wimpy as they can get on domestic policy. Often, they're even
worse--acting much like the liberals they campaign against.

The United States likely has enough undiscovered oil to be the world's
largest oil producer by a wide margin (we are already the third-largest
exporter of crude oil), but we CHOOSE not to tap into that natural
resource. Or, rather, we let the environmentalist wackos and their junk
science make that choice for us.

There is a limit to price, and that limit is where demand starts to
fall. Right now, Americans may not be happy with $3-$4/gallon gas, but
they're willing to pay for it, so there's really no incentive for lower
prices. However, there is plenty of opportunity for politicians to
latch on to the issue of high energy prices to promote agendas that
would meddle with the market and create artificially high prices and
true hardships for Americans; such is already evident in today's high
prices. Consumers can control market price, but they can't control
government mandate.


JKG