MUST READ by Texas Fred, he dug a good article on crude oil in the US. Just remember as SailorCurt kept pointing out to me during my attempt at being cynical:
"The bottom line is that crude could be selling for $1 a barrel, but if you can't refine it into the gasoline that we burn in our cars, the price at the pump is still going to be high...and that's a good thing.It's the free market's automatic rationing system. I'd rather be able to buy gas at $5 a gallon if I really need it than to have low prices on the marquees covered up by "out of gas" signs."
Gas at the pump is only 1 part oil, we need to get over the "not in my backyard" mentality.