William P. Graves: “There is no single solution to high oil prices. We are not going to be able to either simply conserve or to drill our…”

The fastest way to $6 gasoline is to cut the funding to the CFTC.

I believe any release of the Strategic Petroleum Reserve timed along with proper funding and proper CFTC authorization would drive prices down to that level and more.

I would say it is the concern that I would like to see more discussion about the transition from essentially a petroleum-driven economy to an alternatively fueled economy.

I would oppose cutting the funding, yes.