another oil question for the pros.....? please and thank you

Please, SOMEONE explain the following. PLEASE.


Yes, we all know, like everything else, oil has an actual bottom line price in order to get produced. Same thing for gasoline and all of the oil products.


However, when ANYONE talked about the price of gas over the past 30+ years, we always heard that the price of gas and oil is directly related to the "INSTABILITY of the middle east and other foreign nations in turmoil".

Its been the narrative for a very very long time.


Now here we are 2014, in the usa and "allied world", we have enough oil production CAPABILITY to not have to worry about foreign oil from nations in turmoil. We also have enough oil for several decades, more than enough time to find alternatives.


Why are we letting these lower prices shut down and destroy our industry?? Why is "doom on"?


Isnt the goal to get energy independence from these
"horrible, corrupt, and evil" nations?


We finally start doing that and now everyone is chicken little. Everyone is screaming doom at the top of their lungs.....Quite frankly, I don't understand it. Why allow this as an "intelligent" society? What type of senseless system could create such a scenario?


The way i see it, shut down imports from the places causing problems and instability, encourage oil industry in allied areas that are free from turmoil and all the other nonsense that allows for excuses, spend what needs to get spent to extract, produce, and make a fair profit, and charge a fair price to the consumer for gasoline and the other products.


I simply don't understand all the doom, it seems common sense, it seems like basic simple logic. It seems children should have the capability to figure this out, or am i missing something??



I look forward to knowledgeable answers and grass roots solutions to this problem.

Most importantly I thank GLP for allowing this discussion.