Ya, we have $4 a gallon gas, but a $500,000,000,000 war machine to feed, so we're broke.
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Starting wars is an expensive hobby, I agree. Also, when Isreal starts bombing Iran (with your money, as the American taxpayer donates billions every year to countries like Israel, Egypt, and Pakistan, and Afghanistan and, and, and...) the oil price will probably go up a lot more.
Besides that, over one billion people in India, and approx 1.5 billion in China all want a motorcycle, or a car, and buy lots of consumer goods, and go on holiday sometime in the future...so chances are, oil production and refining will not be able to keep up with increasing demand.
Americans who continue to buy gas guzzlers (And think that buying a 14 mpg V8 is somehow "patriotic") are basically a bunch of masochists.
(Here in Holland gas prices will go up, if only because our bureaucrats increase taxes on gas and diesel by 5% every year. Many other government and semi government rates rise even more, sometimes 7 of 8% per annum. Yet our politicians and the Dutch central bank claim there is very little inflation in Holland...strangely I don't believe them :-)
In the Netherlands it becomes more and more difficult to buy a car that uses a lot less fuel. (Most people drive small cars, or frugal diesels, of hybrids). The average American car owner has a lot more possible fuel economy gains to choose when buying another car I think.
