Here's interesting news: Brazil has discovered a major oil field lying just offshore. It has the potential to be as big as the reserves in Venezuela and Saudi Arabia. Now if only our Congress would allow us to drill offshore and in Alaska we'd be awash in oil. As it is some analysts are predicting $4.00 a gallon gasoline within a couple of months.
If this prediction should come to pass don't blame the oil companies, blame a Congress which has blocked new drilling, made refineries prohibitively expensive to build and pretty much regulated nuclear power to the point where no one wants to build new power plants. If Congress had wanted to make us dependent on foreign oil they couldn't have devised a more effective way of guaranteeing that we would be.
RLC
