Dependence on Foreign Oil

One way to reduce our dependence on foreign oil is to have our foreign oil suppliers prefer to sell to somebody else. Looks like it's happening. Only problem is that not every totalitarian petro-state can sell all their oil to the Chinese, some will still have to sell to us. So who would you rather it be, the Saudis or Hugo Chavez? Exactly. Or maybe we could avoid such a 'lesser of two evils' bind and drill for oil, ya' know, closer to home. Say, in Alaska.

On a related note, Lukoil announced a tidy 600 million barrel gusher in the Caspian today. Note to Peak Oilers, "if you don't look for oil, you will never find oil."