Cheap gas!

From CNN: "ExxonMobil to sell 2,220 gas stations"


Forget about that! Where can I go to get $2.95 gas?!? Tell me, CNN!

In related news, this Wall Street Journal editorial, titled "$4 gasbags" sounds suspiciously like my post of last night:

Anyone wondering why U.S. energy policy is so dysfunctional need only review Congress's recent antics. Members have debated ideas ranging from suing OPEC to the Senate's carbon tax-and-regulation monstrosity, to a windfall profits tax on oil companies, to new punishments for "price gouging" - everything except expanding domestic energy supplies.

Amid $135 oil, it ought to be an easy, bipartisan victory to lift the political restrictions on energy exploration and production. Record-high fuel costs are hitting consumers and business like a huge tax increase. Yet the U.S. remains one of the only countries in the world that chooses as a matter of policy to lock up its natural resources. The Chinese think we're insane and self-destructive, while the Saudis laugh all the way to the bank.

This could be a huge opportunity for John McCain to show that he grasps the long-term implications of soaring demand for petroleum on the world market and the need to control our own destiny. Instead, there isn't a whit of daylight between his position and Obama's; do nothing to boost supply and hope for the best.