Ultimately, the answer to high oil prices is a lot more production (and less regulation).

$55 Oil Won’t Last
Lawrence Kudlow, Real Clear Politics Original Article

When I put a $55 barrel of oil on the table and look at it from all angles, there’s no way the current price can be justified. As a free-market disciple, I am compelled to accept the market’s verdict: $55 a barrel. But that doesn’t mean it’s going to last.