I caught this one on "60 Minutes" last night. Quite interesting, especially in light of the vertiginous rises and declines in the price of oil, the controversy about how best to solve our energy problems, and whether oil has "hit is peak" already. Saudi Arabia Bullish On Oil's Future That kind of makes one wonder about the idea of "Drill, baby, drill" in the US to find enough oil to bring the price down, doesn't it? And, if that one field will last 50 years, then it would seem we have plenty of time to develop alternative energy. Where else can oil be produced for $2 a barrel? Of course, the Saudis don't want oil to become so expensive that the development of alternatives becomes a top priority, nor so cheap that they can't continue to make money. What do they consider to be a reasonable price? Which would logically have gasoline at just over $2 a gallon in the US. We can continue the status quo for a long time at that rate, don't you think? Meantime, for our own national security, we still need to work towards energy independence, or do we? What do you think?