I read a report a few days ago that suggested that the price of oil may presently be FAR overvalued, and that it could come crashing down. We'll see, I guess.
Anyway, regardless, we simply don't have the refining capacity any longer. It's not been since 1978 (IIRC) that we built a new refinery in this country.
I think the young people enjoy it when I "get down," verbally, don't you?