Compound problems
Demand for energy is up, but supplies aren't.
All of our deficits are catching up to us which is resulting in devaluation of our dollar on the world market.
Oil is sold in dollars, as the value of the dollar goes down, the price of oil and well as other raw materials will increase.
We are matching post world war Germany economically and we better get our act together fast because if we don't, our economy will tank, that will lead to social disorder and the scared sheeple will choose safety over freedom every time.
That is how the Germans got Hitler by the way.
So what can be done.
For starters, we should have dealt with the issue after the first oil embargo in 1973, certainly no later than 1979 after the 2nd one.
Energy self sufficiency so we can tell OPEC to go *uck *ff is something we can do if we demand our officials take immediate action.
Some of the things we need to do short term.
1. Open up our reserve supply to stablize economy, collect profits and use it to jumpstart increased domestic production of energy.
Things like non food agriculture for alcohol based fuels and biodeisel.
Things like oil from coal, the technology exists.
2. Drill in known oil reserves, even off Gulf Coasts and California and use profits to ramp up alternative and renewable energy sources.
3. Legalize hemp and use crops for all industrial uses, including fuel and replace petroleum based products with natural based products where practical.
4. Ramp up Solar, Wind, Tidal wave technology and Nuclear Power to reduce fossil fuel electric energy sources.
Done right we could not only eliminate our need to import oil which would cut our trade deficit in half, we could actually become a net energy exporter and jump start our economy.
Combine this with other reforms, we not only could stop the rise in fuel prices, but probably create a climate where fuel costs would stablize and then hopefully decrease.
Sadly the only candidate who would be bold enough to put things into play was Ron Paul. Maybe McCain, I don't know.
Certainly not Obama.