"No magic wand," says Bush

I'm sure I am not the only one to see the recent White house press conference. I personally thought that it was a great waste of air time, but it was quite impressive to hear George W. say that, and I quote,"there is no magic wand." It was also troubling to hear that the only solution he was bringing to the table was to destroy our Alaskan wildlife preserves to drill for oil. This has already been proven to only be able to produce enough to lower the cost by one or two pennies per gallon, not to mention the amount of time it would take just to be able to extract the oil, and get it into circulation. Is it just me or does this sound like an "oil man" looking for ways to get more oil without doing single thing to better manage what we currently have. The fuel companies are making record profits, and yet no regulation is being made to prevent them from gouging the consumers. The oil supply is in short demand, that is a given, but how can we justify the record profits that the oil companies are making. How is it that this is not obvious? Prices of fuel are astronomically high, yet there is still room for an obscene profit margin? Obviously there is room for some trimming so that we can put this money back into circulation in the American economy. We don't need a "magic wand" we need common sense.