turned down the increase in tax on oil companies.

Imo the bottom line is that oil is limited
and we are being forced to become innovate
which will be painful at first, but will pay off later.
China's thirst followed soon by India will only add
to the problem. No way we go 100 years based
on their consumption. Not even close.

We have got to find alternative sources.
Oil's main use in this country is for transportation
of materials and people.
Making plastics, using it for heating, etc... secondary.

Our source of electrical energy is mainly Coal.
(Which we have lots of but is dirty) Need to go nuke and
then turnover to more wind, solar, tidal, geothermal, etc...
which we are actually doing slowly (not the nuke part)

Oil prices going crazy like this will force us to
look into alternatives. Solar (because it is so readily available)
is the obvious alternative with one huge problem... We cannot
store it efficiently. If we could store it, cloudy
days, and all the other problems, wont matter.

Imo there is not near enough money put into
research on "batteries" to store this energy.
If someone comes up with a "battery" that
stores solar energy, the world will change
drastically imo.

So Morty, get to work. I will need the battery design yesterday.
My electric car run by stored solar energy is waiting
in the garage.