Bush to Congress:
1) Expand drilling in OCS
2) Tap into Oil Shale
3) Drill in ANWR
4) Expand Refining capacity
Pipe dreams, demogogery and puffery. Oil shale? "Tap in"? What a joke. You'd have to rip up half of Colorado, the stuff has to be crushed out of rocks. Expanded drilling on the OCS? Sure, then everyone can live in a shithole like Galveston, Texas, where you have to scrub the crude oil off the soles of your feet as you look at water that you would be fucking crazy to swim in. And AnWR, the pipe dream of the right, there simply isn't that much oil there, we'd use it up in no time. And what does Congress have to do with expanding refinery capacity? It is the refiners themselves who don't want to. Refineries aren't the problem any way, they can cause occasional blimps in supply, but the real problem is pretty straight forward:
There simply is not enough oil to go around, and the potential reserves just aren't there in the US. We have enjoyed being the world's largest consumer of oil for a long time, and those days are simply over. As supply decreases, or even if it increases by a small amount, it will simply not be on the same curve as the demand side. We can drill like crazy in the US, and we still will not get anywhere near the 20 million barrels of oil a day we consume, and even if we did, the price would still have to match the world oil price, which will not change because whatever we don't buy on the world market will simply be bought up by the emerging economies.
If we had real leadership instead of two oil men in charge of the country, they would tell us the sad truth: the Oil Age is over. The oil guys knew this 10 years ago. Bush and Cheney knew it 10 years ago.
The oil companies have been quietly buying up all the US coal reserves because they know the future is coal gasification and liquified coal. Why crush up half of Colorado when we have supplies of energy already exposed in coal pits around the country that could produce diesel fuel for the same price?