Veritas you just contradicted yourself. You say drilling is the answer and conservation is hogwash, then you go on to talk supply and demand. Well drilling is supply, conservation is demand. A barrel of oil conserved is no different than an extra barrel pumped out of the ground. The demand side of the equation (conservation) can respond to stimuli much more quickly than the supply side and thus should receive the bulk of our attention.
This should really be a thread of its own as there is much to discuss on this subject.