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Prices have sky-rocketed because of speculation on the commodities market, what is termed a 'self-fulfilling prophecy'. The expectation of higher prices in the future leads to higher demand, ...and so the cycle continues...until you get $4 gas.
It is quite clear that prices are not the result of OPEC limiting production, or price gouging by Oil Companies.
Evidently you see that McCain's plan is fundamentally flawed in a number of areas, and would cause more harm than good.
The nearest thing to a 'quick fix' is to divert oil away from the Strategic Petroleum Reserve (a reserve at historically high levels - 97% full at 701 million barrels...two months of oil imports).
On May 13th 2008, the House of Representatives and Senate voted nearly unanimously to temporarily suspend the 70,000 barrel per day shipment of petroleum to the SPR.
That's the nearest you will get to a 'quick fix' and it has been done.
(The most it was going to be in a 21-million-barrel-a-day economy was a signal to curb speculation - which doesn't seem to have worked)
So, there's no quick fix that I know of. And the Democrats, with the Republicans, have done what they can for the moment.
Although, only the Democrats have policies that would effectively curb reliance on oil and relieve the consumer in the mid to long term (unless you include destroying Alaska as a viable option). posted 06/09/2008 at 17:11:53