Drilling bans on both coasts and many other places increases the amount oil entering American waters on tankers exactly like the Exxon Valdez.
I believe a number of key OPEC nations are keeping oil prices high now in hopes of defeating Bush and electing a President who won't take actions to foster democracy and liberalization in the Mideast. How else can one explain a projected April production cutback when market prices are higher than their target price band of $22-28 per bbl. It look like the article excerpted below is correct on this score.
The Saudi War on George Bush
March 10th, 2004
Saudi Arabia has launched an undeclared war on George W. Bush. This simple fact must be understood by policy and strategy elites, the press, and the general electorate. Otherwise, the Saudis may well succeed in their tacit campaign to sabotage the long term success of America’s war on terror, by engineering the electoral defeat of George W. Bush in November.
President Bush has provoked this response by proclaiming his intention to encourage democracy and liberalism in the Middle East, liberate the Arab masses from despotic rule, bring peace and prosperity to the region, and halt the spread of militant Islamic terror groups. Unlike past Presidents who, in varying degrees, paid lip service to these ideals, President Bush has acted decisively on them. His politically perilous actions, such as his invasions of Afghanistan and Iraq, his conditioning support for a Palestinian state on the cessation of terror, corruption, and dictatorship, and his active promotion and support for liberal groups in the Arab world, have aroused Saudi fears and provoked a quiet counterattack.
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