Do you think those fields are magic? That no infrastructure has to be built? That no capital investment in of nearly $100 Billion is needed to get that type of production.
The Keystone XL pipeline has been trying to get approval for year.
Oil in the ground is not oil being supplied. We have plenty of reserves ourselves if we were only allowed access to them.
A few questions if you care to offer an opinion.
Do we have a shortage of available crude today?
Do we have refinery capacity to increase output production? If so, by how much?
Who sets the price of crude?
What is the average supply/storage of crude onhand at any given time? Where would additional supply be stored?
As I see it if there isn’t a shortage of available crude or a shortage of supply of refined product on hand then additional supplies aren’t going to get refined or into the market place. As long as the market is an open market then the speculators will drive the price. What are we going to do with all the reserves in the US? Set a price on what it can be sold for and require it be used only for product in the US?