Obama's Oil Crisis Politics

WSJ
"Not too many weeks ago it looked as if President Obama's cap-and-tax program for energy was dead for this year. But with the political and media left whacking the President for his handling of the worst spill in U.S. history, Democrats have suddenly decided that this is one more crisis that shouldn't go to waste. ....Cap and trade will do little or nothing to end U.S. oil dependence. It will merely make a globally traded commodity more expensive domestically. Oil consumption will naturally decline somewhat, but the reality is that there isn't a viable oil substitute—especially for the transportation that accounts for about 70% of U.S. consumption. Electric cars are years if not decades away from commercial viability, while ethanol isn't energy-dense enough to get a jet off the tarmac. Maybe hot air balloons? "