This is good news. The bad news is you could go broke betting on the Republicans to do something smart.
This oil and energy problem effects everything. With tighter supply driving up oil prices not only do consumers get hit at the pump. They get hit at the grocery store and everywhere else as a result of higher transport costs being passed on. Businesses may have to make a decision to let employees go as a result of lower demand caused by the higher transportation costs. Hotels and resorts don't see as much business do to the cost of getting there. Further all of this leads to overall decreased tax reciepts for the government and it's programs.
In other words, the democrats claim to have chops on domestic policy. This is an exposed flank, in fact their entire argument about domestic economic policy can be exploded using it. The Republicans need to make sure to state that their democratic opponent supports high energy prices, even if he says he doesn't his party does and he won't buck his party.
In the words of Nimitz, The world wonders.