[webstersII]

“If the United States could curb its voracious purchases of foreign oil by using conservation, additional petroleum production, nuclear power, alternate fuels, coal gasification and new technologies, the world price might return to below $40 a barrel.

That decline would dry up the oil profits of those in the Middle East who now so desperately use them to ensure that their own problems must also be the world’s.”

That about sums it up.

[Red Boots]

“If the United States could curb its voracious purchases of foreign oil by using conservation, additional petroleum production, nuclear power, alternate fuels, coal gasification and new technologies, the world price might return to below $40 a barrel. That decline would dry up the oil profits of those in the Middle East who now so desperately use them to ensure that their own problems must also be the world’s

The price of oil was near $40.00 for much of the late 80's-early 90's, and I don't recall terrorism stopping, so I'm not sure this cause and effect senario has worked in the past. Those $40.00 a barrel prices sure did hurt our domestic industry though, in fact, it was nearly decimated. The Middle Eastern fields,though, could still produce oil at a profit (although not as much of one).