Supply and demand requires a free market. Collusion between suppliers
How can you have a free market when states like Kalifornia haven't let the
oil companies build a new refinery in 25 years? It will be just like when
the lights finally went out here. For years experts were saying that
Kalifornia was going to run out of genearting capacity but the "greenies"
kept blocking any attemps to build new generation facilities...and sure
enough, two years ago wh the blackouts started and Kalifornia had to buy
power from outside sources and prices went crazy.....well, guess what. Now
there are many new generating plants under construction and/or coming on
line. Plus they have stepped up the building of windmill generators...and
now no more power problems and prices have stabilized or gone down. When it
gets to the point that gasoline is unavailabe and/or priced out of reach of
the average comuter....then you will see more domestic oil production. Just
like what happened when the electrical power went off.