Tee - $10/gallon folks will still go places, maybe not as much or as far, but we have enjoyed signifigantly cheaper gas in the US then the rest of the world. (thanks tox for the supply!! LOL!!!!).
Dan - I'm scared at gov't regulation of gas, i've not yet seen any state or federal gov't do a decent job of regulating other consumable resources, we would just add $100s of millions of gov't employees, mess with the free market, and we'll be begging for it to change again.
No easy answer on this one, demand outside the US (India and China for instance) is exploding at a rate the the countries that own the rights (OPEC for example) can charge what they want. You can't regulate non-US companies so putting local/US price fixes will force companies to exit the market in the US, and we'll be in worse trouble. We need to exploit our US resources quicker (Alaska, FL coast...) to show OPEC we are serious about independance, otherwise if you were OPEC why drop the prices on a in demand produce??
Just thinking sideways while sitting in the Shanghai Pudong airport waiting for my flight to Seoul on the way to NY for 2 weeks business.
Can't WAIT To start looking for that V-8 tow vehicle in 6 months!!!
Trep
OK WAY too much time on my hands in the airport today!!! LOL Interesting article, its not too deep but makes you think related to most of the strategies being bandied about in the press.
http://www.townhall.com/columnists/ThomasSowell/2008/05/13/too_complex?page=full&comments=true