Why oil prices rose to more than $100/barrel

Barry Ritholtz sez, "It turns out that for the past three decades, we've had a George Costanza energy policy -- every decision we have made as a country has worked to drive energy prices higher. Had we made the opposite decisions, crude oil prices would be much lower than they are today ($130.17 as I type this). What follows is a list of energy-related policies of the United States. On many of these, I have no opinion -- but I wanted to list as many as I could to demonstrate why oil is where it is. Just about every one of these policies (or non policies) has contributed to oil prices skyrocketing from $8 to $130 since 2000." Link (Thanks, Barry!)