Energy Without Raising Taxes

From the April 30th Economist, a rejoinder next time a leftist says "it's all about oil":

Thanks to the spectacular rise of futures trading, oil has become a fungible global commodity. The conventional notion that stakes in oil fields add up to energy security no longer holds up: if there is an oil shock, then the market price of every barrel of oil in the world will shoot up past $100 a barrel.

Unlike France, America has neither nationalized nor slept with domestic oil companies. The Bush Administration is indifferent as to the domicile of the company who pumps the stuff. And real Americans buy gas wherever it's cheapest--Total/Elf/Fina being the sole exception to my boycott of France. Let's make the entire United States our strategic petroleum reserve--and pump everyone else dry.