Wrong. There is no magic to the oil industry that makes it exempt from the free market. Unless you consider political correctness to be magic. Mr. Chapman sited drilling to be up, but there was no mention of refineries or regulation. Would anyone consider Iraq to be an oil deficient nation? Well, they have to ration gas to their people because they don't have enough refineries. For US troops You had mile long convoys running from Kuwait well beyond Baghdad relaying fuel from Kuwait. The other elephant in the room (aside from the EPA) is OPEC: Iran, Iraq, Kuwait, Saudi Arabia and Venezuela, Qatar, Indonesia, Libya, United Arab Emirates, Algeria, Nigeria, Ecuador, Gabon and Angola. They use any justification possible to prices.