  urlLink Telegraph Money Oil price hits new high on fears for Iraq supply I just have one simple question. Why do we (The United States) buy oil from all these Arab nations and sell our own oil from Alaska?
There is something fundamentally wrong with this. At its simplest equation, we should stop purchasing foreign oil and start using the oil we pump for ourselves; if there is any left over we can sell that too. I'm certainly not an economist but I would like to think that we could save a considerable amount of money at our pumps if we did this. 
