The point of the whole thread is that: Drilling for more oil isn't the solution to the current oil crisis, nor for the upcoming oil crisis. Demand is going up faster than supply can keep up. No matter how much more oil is dumped into the market, the demand will outstrip it.
Granted, we use oil for more than just cars...but if you count in cars, public transport, and shipping of product/people (air, ship, train, truck), you've got a large percentage of the oil pie dedicated to the transport.
China has 40 cars per 1000 people...that's going up fast! Estimated to get to 67/1000 in 2010 and upwards from there. In 10 - 15 years, China should be where America is now 765/1000 - 'cept that they have 3 times the population.
Their industry is growing by leaps and bounds, demanding more oil for power plants and consumer products. They're going to need a bigger straw.
I forsee 200$/barrel by Q4 2010. $6/gallon for gasoline at the pumps. Ready for it?
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The only way to reduce the price is to reduce demand. Replace oil-burning power-plants with Nuclear or Hydro. Replace gas-only engines to bi-energy or electric where possible. Replace home oil-heating and cooking with electric.
Unless you've got another way that would also apply to growing markets like China and India.