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I wish it could be that simple. To just change a word and double domestic production. But the facts are, if we were even able to double domestic production, it would not be enough to meet the demand.

We could triple the number of drilling leases and rigs and after a period of 5 years has passed, we would still be needing to import half of what we use. Our oil reserves here, are grossly over stated.

The recovery rate and the infrastructure to transport it, plus the cost to produce it, cannot even come close to what is being produced in foreign countries.

With fracking technology we the U.S. have more oil than the rest of the world. That's just oil. We also have more natural gas, oil shale , coal etc.

But Obama, the democrats and the EPA won't let us get to our own oil , our own resources and they won't let us even manufacture our own products. So we are dependent on Muslim countries for oil and on China for everything else .

http://www.tampabay.com/news/perspective/next-up-for-fracking-oil-fields-in-america/1213696

It's madness that we depend on these people for our oil when we have endless supply of shale oil, oil under shale, oil , natural gas , coal, nuclear etc. But Obama won't let us use any of it. Palin was right “Drill baby Drill”.

Vote this marxist Obama and his EPA out of office.

Depending on how you look at things... Investing in our own oil infrastructure could do wonders for our country long term. The oil is there, we need the refining capacity and infrastructure... OMG...looks could that be those shovel ready jobs? We can do it, if we want too...

But isn’t it better to produce as much domestically as possible? I’m actually shocked the Saudi’s announced a production cut...I thought they would do a momentary flood of the market, and push the per barrel price lower than US production costs - just to show us they could, and make people think twice about investing in domestic production. But since they have gone the other route, shouldn’t our Federal government approve leases, and encourage domestic production? At very least, even if it doesn’t push down price, won’t the coffers of our bankrupt government at least get royalty for each barrel extracted on federal land? And at very least, expanded domestic drilling equals jobs. And then there’s this possibility: the Saudis aren’t flooding the market....because they can’t. We may be overstating the extent of very easy to recover oil, in Saudi. And, I suspect that they are actually behind the rest of the world in their ability to recover deeper oil. Who knows. But, I’m with the group here. If it costs the Saudis 30 dollars, and the US 80 dollars, and the price is at 105 dollars....why call for an increase in Saudi production, but not US production....US production certainly wouldn’t hurt. And, btw, if our reserves are overstated and mis-understood, so be it. That means an increase in domestic production would have an unwarranted effect on an un-informed futures market, which would not be all bad.

That is why we need to pass the natural gas act and start the process of building and converting vehicles to run on either gasoline or natural gas,

It would be easier to significantly cut the demand for gasoline to the point it drops the need for some of the imported oil. Just having the option means motorists can avoid buying gasoline every time the price heads for the stratosphere. It would be nice for those who continue with gasoline only vehicles to know gasoline prices couldn’t be raised with impunity on Memorial Day and Labor Day or during the summer drive season.

Using natural gas for vehicle engines is old technology. A local individual converted his own vehicles years ago.