nobody here seems to be able to grasp that oil cost to produce crude (Saudi derived or from hydraulic frac’ing) beats out high cost to produce crude every time…especially when there is a global surplus of production as in the past 3 years. if the US taxed imported crude 20% then suddenly the high cost GoM becomes economically viable for US consumption BUT the big oil refiners in the US will never stand for that because they love to buy crude at the low global price. It is that simple.
give the citizens of the USA a government what wants to truly become energy independent and wants to support the US based industry and voila, we are all back in business! Until then, pounding sand is all we are doing.