Gas is projected to be at least $80 a barrel in 2 years.
Another thing.
We have oil executives running this country. They are making a lot of money off of these oil prices.
They could care less about the price of oil going up, because it's not like people can do without it.
The earth is running out of oil. In 100 years we have used up half of the oil on the planet and the oil remaining is difficult to get to, therefore, it is more expensive to extract, so the prices are going up because of the amount of work to get to the oil and the fact that it is running out.
60% of the known recoverable oil on the planet is located in the middle east, and if you look at the image, you'll know why the neocons are messing around with those countries. Syria is close enough to their investment to be a nuisance.
Hybrid cars won't do jacksquat. You need oil or gas to produce electricity, unless you want to burn more coal and nuclear energy like the Bush administration is doing. In order to perfect ethanol and other alternative sources of energy, you are going to need the dwindling energy sources that you already have.
You need oil to produce asphalt and rubber for tires. What are you going to drive the car on? It's rims? Making the frame of the car? Electricity or heat to form the metal frames. That's oil.
Are there going to be hybrid airplanes as well? If we don't get our food from overseas in cheap markets, it's going to cost more in the supermarket.
Oil is everywhere and there is nothing that can replace it. Alternative sources of energy should have been researched extensively in the 1960s when the United States passed its peak in oil instead of turning to the middle east to try and get more oil.
As for drilling in Alaska, it won't do anything. I have heard estimates as low as a 2 day supply for the United States to a 2 year supply. If they begin drilling a lot there tomorrow, the price of oil would probably drop because the market gets affected by everything, but it wouldn't last long.
I repeat. The Bush administration has been re-elected, they could care less about the prices of oil. These oil executives are making a lot of money off of these oil prices.