"…we are entering a new Renaissance in the oil market, not just in the US, but globally as well.
New technology, slower growth in the emerging markets over the next decade, and an era where a decade of high prices will finally bear some fruit with market dynamics working as their supposed to leading to more supply, and an eventual reduction in prices.
Expect this new era to manifest itself in giving the entire world a tax break, and small businesses and consumers worldwide will have more disposable income, and sectors such as retail, entertainment, transportation, and global travel will benefit as a result of this sea change in the oil industry.
I could even envision the manufacturing industry in the US getting a large piggyback effect as the US will have some of the cheapest energy costs of anywhere in the world for starting a business with an abundance of natural gas, oil and petroleum products for the next decade at a low and stable price.
How does $45 a barrel oil and $2 a gallon gas sound? Something the peak oil folks thought was an outright impossibility just 5 years ago."
Let the T.E.A. Party and Sarah Palin clean out Washington DC, get term limits on Congressmen and a balanced budget amendment, plus cheap gasoline = another American century.