Well gas prices have certainly been in the news, and as someone who generally believes we are near “peak oil” I’d say the news has been good. People interviewed at gas stations say the problem is “we use too much” and that’s an improvement over simple “blame” for one party or another.
The political response has a circus quality, but I suppose political response always does. In general I think the President’s plan is about the best he can do right now. Pulling back the pointless tax credits given to oil companies last year would be good. Giving credits to fuel efficient cars would be good, though it should go to high mpg cars, rather than to any specific technology (like hybrids).
There has been some talk about “increased domestic exploration” which I think is funny, because we have already explored domestically. That’s like being low on Pepsi, and saying your solution is to keep checking the fridge.
This might also devolve into an ANWR debate, again, but even Bush (the oil man) isn’t pushing that one. That’s because ANWR would only produce a tiny fraction of our consumption, even if we started now and got it on-line in 10 years. That reserve would provide on the order of a few (1, 2, 3 who cares?) million barrels per day. We currently consume more than 80 million barrels per day, and the government expects that (if we could find it), we’d be consuming 100 million barrels in a decade. I don’t think we’ll find it. I think we’ll be at about the same production (give or take 5 million barrels per day).
Add ANWR or not, it won’t matter.
Actually, maybe we should just drill ANWR, just to get the people fixated on it to shut up already. It’s not going to help. Drill it and they’ll see that it is not going to help. The North American fridge is low on Pepsi, and the way to make it last is to stop guzzling.