If OPEC throttled back on their oil to try to keep the price high, it would only mean more profit for America in return. Even if oil was higher, as long as it was less percentage of our GNP going out the door, we would be more competitive compared to other nations.
Now if we got serious, we could produce more oil than we use, and pay off our national debt, thereby reducing the tax burden on Americans by half.
Not producing oil at this point is pretty stupid, it does not take science to know that.
I don’t know why not everybody understands that every barrel of oil we produce reduces the growth of the national debt by the prevailing price of that barrel on the world market.