Oil Prices: What to Do?
In the past several posts on the recent run in oil (and gasoline) prices several commenters have basically laid almost all of the blame at the feet of the oil industry. They ignore data indicating that world supply is low relative to pruduction last year. They ignore the increased demand in places like China. They brush off things like it is the start of spring and the driving season. Instead the problem is all due to big bad evil oil companies.
So, to all those who think this way here is the question: What should be done about it?
Leave your suggestion in the comments.
Moved from 15:53 April 27, 2006 to get more discussion.