[Colonel Kangaroo]

The more oil on the market, the less pressure on all consumers, the price will go down for all. The more non-Mideast oil on the market, the world becomes less of a hostage to the inevitable regional disturbances. I long for the day when the USA is no longer a de facto Mideast country.

[Theoria]

Obviously, our Gov't from the R's and D's have decided its easier and better to use our troops to die and protect Middle Eastern oil than to domestically drill. Money talks.

Secondly, since its a world market, the Saudis or whoever can drill less and make more. Nice little cartel they have.