Can someone please explain to me why we bow down to the Saudis?
The Saudi state will fall apart without all the foreigner assistance. I mean heck, Saudi's need the foreign workforce just to keep all their infrastructure running...
They have oil.
We won't drill much more.
We haven't opened a new refinery in a while and environmental regulations are too strict for it to be affordable.
Gas prices have to be around $1.60/Gal for people in the US who pump oil to make money.
No politician was honest enough to admit poor people can't afford going green or that driving up gas prices wouldn't magically make middle class people buy hybrids.
They have buttloads of money.