There is a simpler solution: let prices rise and let the market take over. And, to help it along, why not increase gasoline taxes to $0.50 per gallon to fund better mass transportation and research other fuels such as alcohol from celulose. DS
Better response than I hoped! Suggestion of nationalising all oils will solve the problem of $300 million pay packets to CEO's.OIL is just a essential commodity .we dont need fancy ceos or too much competion!! I was giving ideas of radical curbing of consumption quoting Singapore etc! But you have brought out a point that the wealth under the land belongs to the common man of that country. Brazil has distributed oil wealth to all its citizens. Peru is next.Soth america is walking down this path.. Russia came back from the edge of collapse (after USSR split) with oil money.
Quit voting for Republican's (Bush & Cheney are invested in HAL). Oil is only 5 times what it was before Bush was in office....hmmm.
Just heard the audio of this in the car on NPR. Pretty damning I'd say. http://www.npr.org/templates/story/story.php?storyId=5705263 About what I thought, the China and ME instability is a bunch of a jive relative to these price levels.