We have massive oil reserves AFAIK, but the problem is, we are a small global market place, physically isolated from the rest of the world. If we dare collect and refine our own oil and become sufficient, certain other countries will retaliated with embargoes *cough* the US *cough*. The US is ruthless in screwing over other countries (just ask Cuba, Canada or Venezuela). The humorous thing is that Americans consume the highest amount of petrols per capita of pretty much any Western country. As Trump would say "America first!".
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