Wasn't it Jimmy Carter....
Wasn't it Jimmy Carter that funded research programs on alternate energy technologies?
Wasn't it Raygun that killed it?
Aren't all those lefties cruising around in their hybrids, being mocked by the right?
Look beyond the left/right thing.
And yes, the Saudis have more oil in the ground, and it is the amount of that they are statistcally fudging. But their discoveries have peaked and the production peak will follow.
