Not contending that the laws of supply and demand don't apply. Actually, I'm arguing that we can't control the law of supply and demand.
However, a short term blip in supply (as in releasing from the strategic reserve) or demand (as in the recession) won't significantly affect market prices in the long term.
In short, there is nothing anyone can do in the short term to prevent a significant rise int eh price of oil, because production (foreign and domestic) cannot rise fast enough to keep up with demand in the short term (which I see as a 5 year period).
Now, in the long term, a lot can be done to deal with both supply and demand sides of the equation. However, no politician I have ever heard of has the stones to do anything to help significantly in that respect
And of course,
Again we seem to be arguing the same side of the coin, from different perspectives.
EDIT: I see short term energy future as 5 years. Long term as more than 10 years. Month to month or even quarter to quarter or half to half price fluctuations are, in the big picture, insignificant. (But they still hurt my pocket when they are upward ones.)