[tirebird]

Don't forget that those countries owning more than a trillion U.S. dollars of our debt, China and India, are keeping the price of oil high by subsidizing the price back home. Both China and India subsidize gasoline and diesel prices to keep their economies producing all the computer software and hardware, toys, electronics, etc., etc.that we buy here. The price of gasoline in those nations is roughly $2.50/gallon, with the government picking up the balance. If they stopped the subsidies, the price would go equal what the rest of the world is paying and the consumption would drop. That would drop the price of gas here. These subsidies prevent the price of oil from falling because demand is increasing in China and India.