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Yes - and keep in mind that Robert Hirsch has just gone on record - publicly - with a prediction of $12 gasoline in a few years. Dr. Hirsch has done significant work for the DOE, so he is no lightweight.

The implications of such developments for the economy are troubling. People will call for the President to do "something". And that "something" will probably involve the exercise of considerable authority.

Could an ambitious fellow abuse such a situation?

As has been pointed out, pain can be gain. But sometimes it takes awhile to get the gain...