OPEC isnt' the only people to blame for the skyrocketing oil prices. As long as two of America's biggest oil tycoons are in the White House, gas prices are going to continue to climb. I am not that old and when I started driving gas was 73 cents a gallon. When I got back from the service gas was a $1.25 and I flipped. Now with it approaching $4 I don't know what else to do. Due to the infrastructure the U.S. has in place, a lot of people have to drive every day. I live in the mid west where towns are 30 miles apart, there isn't a passenger train system, and cabs are rare in the larger cities. I drive 35 miles to work everyday making a 70 mile round trip. What are people like me supposed to do? Not buy gas for a day in protest? Bah, we do that we'll just have to fill up tomorrow.
I feel that America has gotten waylayed with it's international standing because our current president is an idiot. He's too soft on the important issues like rising gas prices, too hard on egg shell issues such as Iran's nuclear quest, and too stupid to know the difference. Diplomacy always wins out over violence. I'd like to believe in the end that the 4000+ American who have died in Iraq won't have done so in vain. Friends of mine that have spent time there come back changed and one isn't doing too hot. The mental anguish he carries is a heavy burden.
Ethanol is a great product, but making it out of corn is only a temporary solution. Making ethanol from corn is only a 1:1.5 ratio, for every 1 unit of petroleum going into the process we only get 1.5 unis of ethanol out. Do you know why Brazilian ethanol is so much cheaper than ours? They make theirs out of sugar beets and something like 90% of their cars can run on E85. I don't believe America's auto makers want to design cars to run on ethanol because they have been in bed with the oil industry too long.
Our next president just needs to tell the global market place that we are going to start being frugal with our relief aid so we can buy oil and we are going to be frugal with the amount of food stuffs, medical supplies, arms, etc. we are going to sell because oil is costing so much. If OPEC can dictate how many barrels of oil it will sell and how much it should sell for, than why can't we do that for our commodities?