From what I`ve been told, the reason we don`t do more drilling and pumping of wells we have capped off here for "National security" reasons is because they feel the Arab countries are close to running out of oil. And once they do then the USA will be sitting on the largest oil reserve in the world and will then dictate prices to the rest of the world.
Problem is, by the time that time comes, we will have moved on to other alternative fuels and the oil may be worthless.
