Earlier quoted context omitted.
>Saudi Arabia is key in keeping global energy prices lower by increasing global supply, and is also a key ally in a historically unstable region which impacts those prices. The key to keeping energy prices low for the US is to stop giving away our oil and then focus on shifting our economy to an energy source that can't be manipulated by foreign powers trying to influence our elections.
You seem to have strongly worded opinions, but I'm having a hard time figuring out what exactly you're asking for. Petroleum is ~ 8% of the US GDP, and produces about $1.7 trillion dollars a year in direct economic activity, employing about 10 million folks. Near as I can tell, the US doesn't give away any of our oil at all. It sells it, at market rate, often after doing a lot of value add refining. Some of it goes t…
https://www.eesi.org/papers/view/fact-sheet-fossil-fuel-subs...
Of course, those are written subsidies. There is the major subsidy of allowing them to drill for oil on the publics land.
Of course, we've massively increased the amount of drilling we've allowed do the drum beat of "energy independence", when the reality is that because the oil is privately owned, no amount of oil drilling will actually make the price of gasoline stable or cheap for consumers.
What we actually need to do is move away from a gasoline based economy, but until then the government should heavily tax exports of oil to discourage foreign-owned companies from exporting it while we have a shortage here. Oil and gas lobbyist have been using their corporate owned politicians in Congress to block moving to sustainable energy since the Carter administration. We need massive investment in sustainable energy and energy efficient transit and manufacturing.
But we wont. The price of gas will go down again. Americans will buy even bigger cars, and then cry when OPEC jacks the price up again.