I see now that the 'sky is falling' crowd is now ignoring Greenspan once it was shown that he wasn't supporting your position- how convenient. He was an expert who we were fools not to believe when you thought he supported your view- now, well... look over here these experts still say what I believe. For every 'expert' you find, I can find another who takes a more level-headed view.

Look, obviously, there is a finite amount of oil out there- but the idea that we're going to wake up one morning and there will be no more gasoline is ridiculous. Every rational economist I know of expects oil prices to slide in the coming months due to the amount of the price that's due to speculation. Of course, prices aren't going to recede down to previous levels, but the fact is, even at today's prices, oil isn't expensive enough to justify transitioning many of the alternative forms of fuel that are currently available. The notion that we should further artificially inflate prices through additional taxation is counterproductive.