What the Govt. does not tell you. The US still has a LOT of oil. Texas, Alaska, Louisiana, Oklahoma to name a few. We still drill and pump. PROBLEM. Through geopolitical foolishness (as well as unfounded eco-concerns), in the mid 70's we STOPPED refining. The last high capacity refinery was built (I think) in '78! So what happens to all our oil, class? Any hands? Thats RIGHT! We sell it into the international markets and it is refined abroad. THEN we buy it back! At set international prices! If OPEC makes a commodity "call" on oil, then that is what we pay for it, including US crude (now, presto gasoline). Brethren. We have sold our birthrights for pottage! PRESSURE the Houses, BUILD HIGH CAPACITY REFINERIES....on our own soil....not abroad! The oil biz is complex, but , to simplify, we are only half in! We must take our own crude, and refine it ourselves. It will create jobs, lower the price at the pumps and get us out of bed with the Saudis.