Most of the remaining oil in US territory is in really hard to get to locations. Today its cheaper to import oil from the middle east than to go after the oil in deepwater and etc that we have. (There's also a small amount in places where drilling is mostly prohibited like national parks and some nature reserves and etc). Anyway, one day that price point will change and more expensive locations to go after oil will become more lucrative (ie the ice caps for example are alleged to have tons of oil except its pretty much impossible right now to get it and not lose an arm, a leg, and the shirt off your back). Hopefully by then we'll be mostly nuclear and running electric cars and biodiesel trucks.
Hehe... this I don't completely understand. GW Bush I great disliked (led us into 2 wars, denied stem cell research, extended tax cuts to the rich, let environmental protections expire, allowed mining and drilling for oil in national parks, passed the patriot act, established the department of homeland defense, passed no child left behind and orphaned it, need I go on. Heck even his response to 911 -continuing to read to schoolchildren for 7 mins after hearing that the country is under attack- drives me crazy. He didn't even ask what type of attack, he just kept on reading. What if it had been a nuclear attack where the eastern seaboard could be wiped out in 2 min flat? Crazy!). I'm not saying Obama is the buddha here, but in comparison to what we've had running the country outside of clinton, I can't think of anyone we elected in the last 2 decades better.