It would not matter if we found enough oil to float this country. The price for oil is determined by the commodities traders on wall street. The oil companies have nothing to do with what they get for their oil.
Yep, that is why it sometimes goes down as well as up. < /sarc>
Pricing is ultimately determined by the consumer market. If people quit buying the stuff, the futures traders would take a bath.
But that’s not going to happen anytime soon. Asian consumption has been the main driver in commodities markets for the past 15 years.