Aside from that we have done a horrible job here of convincing Americans that it's in the nations interest to drill for oil every where, dig for coal build nukes, etc. etc.. So we are now more dependent on the Saudis than ever that they keep on pumpin'.
Oil is a global commodity. Saudi Arabia is the world's largest exporter of oil and has the largest proven reserves by far. As long as the world is dependent on oil and demand continues to increase, the Saudis will continue to pump out their 8 to 10 million bbls a day, something they can do for the next 200 years. We are competing with the Chinese and others to lock up long term contracts with the Saudis and others. The Saudis are the third largest supplier of oil to us after Canada and Mexico. Venezuela is a close fourth.