The United States produces more oil than it consumes, and is exporting some of the surplus. Have you heard an alarmist mention the Strategic Petroleum Reserve lately?
Adding to the fun of too much oil to use, British Petroleum announced this week that it found another 1 billion barrels of oil in the Gulf of Mexico. To those who seek, much shall be given.
It is nice to know we will continue to use gasoline engines into the distant future.