The oil market in general is a finite market. If we boycott Venezuela’s production let’s say...and buy only from our Norwegian Allies. Whoever was previously buying from Norway will then turn around and buy from Venezuela, so the effect is the same whether or not we buy from them.
So the argument that we are “funding our enemies” or “funding the spread of Islam” doesn’t pass the smell test. If we choose to use only our own domestic supply...we pay more for the production, depleting our cash and our natural resources while dropping the price of crude internationally as well.
Islam needs to be fought ideologically, psychologically and militarily...but where we buy our oil doesn’t offer an advantage or disadvantage to that end in my opinion.
I had heard several years ago that once oil got to $30 a barrel, it would be cost effective to extract from the oil shale in Colorado.
I take it that was just what in sales is called a BFC (Big Fat Claim) with no real evidence to support it.