Understanding Oil

"Windfall Profits for Dummies" explains the irrationality and pandering of our Presidential candidates. It is critical for all of us to understand basic economics and recognize who will do the correct things to minimize the dislocations caused by higher oil prices - and, yes, there will be higher oil prices!

The key paragraph:


"This tiff over gas and oil taxes only highlights the intellectual policy confusion – or perhaps we should say cynicism – of our politicians. They want lower prices but don't want more production to increase supply. They want oil "independence" but they've declared off limits most of the big sources of domestic oil that could replace foreign imports. They want Americans to use less oil to reduce greenhouse gases but they protest higher oil prices that reduce demand. They want more oil company investment but they want to confiscate the profits from that investment. And these folks want to be President?"


Read the whole thing! Any comments on why the four points in the above paragraph do not make sense?