It was announced today Chavez is uping exports to china from 168K barrels per day to 300K.
China has increased their consumption something like 200% each year for the last 4. Throw India's usage into the equation and global demand is growing astronomically. Like it or not it's a global economy and the USA is just a player like everyone else. We aren't in a position to dictate to others and capitalism drives it all.
Buy low sell high, everyone is catching on.
I hear what you're saying and I don't like it but a solution isn't apparent without some serious trade talks. Problem is getting all our players to work in stride to deal with their players. We need more businessmen and less politicians making the hard calls.