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It's too bad NONONObama and the rest of the 'head in the sand' Democrats won't bother to read, much less be able to understand this article.
But then the real motto of the Democrat Party these days is: "Our minds are made up. Do NOT confuse us with the facts!"
The problems caused by the vilification of the oil industry are not confined to the USA. On a global scale, they seem to be at least a contributing factor in the cause of the present oil price spike.
Here is an article which deals with the same subject, but in a slightly different context from Prof. Deming's excellent analysis.
http://ccgi.newbery1.plus.com/blog/?p=96
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