I would absolutely disagree here. We have yet to see any drop in oil production. Especially right now, with the price at $50+ a barrel we are awash in oil. The problem is no more capacity to refine due to nimby problems. The price in the USA is still considerably below that of anywhere else.
Furthermore, we are paying a premium for terrorism that the supplier's have tacked on.
I am for alternate fuels and other ways of generating energy, but nothing will happen until these alternatives are economically viable. No amount of legislation or government interference will cause that.
Dan
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