Re: $1.00 gas
Reply #17 –
Because Canada's prices also reflect the ability (or lack) of the US to negotiate terms with OPEC. Not to get into a political debate or anything, but the Bush administration has been far less resilient in dealing with the OPEC nations concerning crude oil prices. The Clinton administration was notorious for using the "tough guy" approach to prices since they knew that Americans needed oil, but also that the OPEC nations wanted our money. Bush is faced with a different situation, not only because of his own interests in oil profits, but also because China has become a major player in buying oil from the Middle East. With two major buyers, it gives OPEC definite leverage over prices.
On a side note, drilling/researching ANWAR is not the solution to the pending energy crisis. Even the optimists know that any potential oil supplied by this area would hardly put a dent in import volume, and it would be far more expensive.
Sorry if this sounds over political! Whoops.