Reason Online has a good article making the case for increasing domestic oil production: "Oil is the world’s most critical and scarce energy resource. Only oil is easily divisible, transportable, and vital for most transportation. Japan’s shuttered nuclear plants mean new demand for more millions of barrels of fuel oil to generate electricity for its cities and factories. Libyan oil production will now be shut down for months or years. There is almost no spare capacity in world production." Take a look.
