Gas Prices

Robert Samuelson on gas prices:

Whatever happens, the larger question is how Americans build on this episode. It may feel good to vilify the major oil companies and the oil cartel. But that won't help. We now import 60 percent of our oil; large imports will continue indefinitely. So far, we've escaped a true calamity. We may not be so lucky in the future. We could minimize our vulnerabilities to supply interruptions and price increases. We could open up more acreage (including Alaska) to drilling. We could orchestrate -- through tougher fuel economy standards and a gradually rising energy tax -- a big shift toward more-efficient vehicles. Once again, we've been warned. Will we continue to ignore it?

I’ve been saying something similar in my last couple of posts.

For some interesting and different (to me, anyway) comments on the subject, check out this Instapundit post. Worth reading.