6 months ago we were told there was nothing that could be done about the rising price of oil. We claimed we were being gouged and the speculators were artificially inflating the price. No, they said. It's all supply and demand. India's and China's demand for oil is causing the price to go up.

Today oil is down about 56% from its record high. Have we curtailed our driving by 50%? Has India and China curtailed their demand by 50%?

I don't think so.