As I write this oil prices are at $105.97, an historical high. So what is US policy on energy? Apparently it consists of our President begging OPEC to increase production to bring prices down, which they refused to do. This begging is sickening in its stupidity. Does he not have any understanding of how markets work? We may be OPEC’s biggest customer but they know that China and India will soon surpass us so why lower prices? This administration destroyed our credibility in the Middle East and now doesn’t understand that the oil producing nations may not need us in the long run.

Get ready for $5/gallon gas (which Bush won’t know about until a reporter asks him).