All together now...
Let's all hold hands and Say It With Me: Supply and Demand. This great article by Krauthammer hits the truth of the matter. A combination of the energy consumption climate, government policy, and American behavior has created a situation in which 1) Demand is up and 2) Supply is down. Despite all the cynical posturing in D.C. we have to address both of these issues in order to fix the problem, or we'll be back here in ten years talking about $6 gas. We need to address demand as we can, but supply is the better bet - domestic drilling, importing ethanol, evening out gas standards, and improving refining capacity. Hmmm...3 out of 4 of those were in the President's energy policy 6 YEARS AGO and would have prevented alot of this.



