The oil companies are laughing in our faces, all the way to the bank. They can do this because as a nation we refuse to do what is needed to change the balance of power, and that would be to suddenly start buying only fuel effecient automobiles large enough to meet our needs. Honestly, that's all it would take, if the majority of us would weigh needs agains wants and make our choices on the side of conservation. That's not a radical or impractical idea.
This isn't a sermon, but rather a simple observation. It's a free country, at least for the most part...for the time being.
Oh yeah, and the fact that most of the politicians who matter seem to be in the oil companies back pockets (at least indirectly), and that doesn't help either.