The future for oil in the US is very blurry. A couple of weeks ago we talked about the drop in pipeline flows and oil production in Alaska and the potential for that source to disappear. We have experienced $4 plus gasoline this year, a major oil spill in the gulf with the associated shutdown of production and exploration last year and a move to tax “big oil” or at least to reduce the tax breaks. We have also seen an advertising campaign to support the construction of a new oil pipeline from Canada through the US to deliver tar sands oil and a move by the President to release oil from the US strategic reserves. What does this all mean and is there a plan? “What is the Right Thing to do?” Let’s start with the answer first and then look more closely at a couple of the issues.