AL, I was recently speaking with someone (a dyed-in-the-wool democrat) regarding the cost of oil/gasoline. Once I was able to effectively argue that the price increase is, as you said, a supply vs. demand issue (and not a move by Bush to get more money for his oil buddies before he gets voted out of office in Nov
), he asked why US companies that have capped-off wells in TX, AK and offshore don't start pumping them to increase domestic supply. I figure it has to do with the cost of buying foreign oil vs. the cost of pumping domestic wells, but I don't have any numbers to back this up. Since you are the Professional Soldiers King of Trivia, am I on the right track?