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A huge section of our Oil is held in a Strategic Reserve. It started during the Cold War when we couldn't guarantee that after our oil was depleted, that we could secure from elsewhere. This continues as our own ability to efficiently extract here disappears as the infrastructure ages, and is expensive to replace.
Long story short, we're enjoying sitting on our pile while we use up our neighbors.
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"Smite the rocks with the rod of knowledge, and fountains of unstinted wealth will gush forth." - Ashbel Smith as he laid the first cornerstone of the University of Texas
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