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
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