The terrorist attack on the World Trade Center in 2001 was a devastating day for the American oil industry. Oil prices soared and fear spread across America. In his article "Take $10 off the Price of Oil", Steve Hanke states that from 2001 to 2004, oil prices more than doubled to $55 per barrel due to Bush's order for the government to buy 700 million barrels of oil, which has driven up storage cost prices. Additionally, oil prices were high to help preserve oil supplies, as the country feared that oil imports from the Middle East would stop. The tragedy of September 11 is not the only time America has suffered from rising oil prices. In the 1970s, some foreign countries stopped exporting oil, leading the United States to fear oil shortages if imports stopped. America was and remains too dependent on foreign countries for its oil. If America were to suffer another depression such as the Great Depression, then the difficulty of making a living would be even more difficult than after the tragedy of 9/11. The September 2001 terrorist attack occurred more than twelve years ago, and America is still suffering from rising oil prices. price. The nation should not yet suffer the consequences of something that happened over twelve years ago. America pays too much for foreign oil. This drives up the prices of gasoline and diesel at the pump for the population. There are billions of gallons of oil in American soil. This does not include offshore oil. The nation could easily become self-reliant on oil. America should stop importing and using oil from foreign countries for fuel production to benefit the American people. America has many natural resources in the ground, such as oil. Unfortunately... middle of paper ......nts and publications. ICYMI: The Obama administration's report reveals that the United States has 26 percent of the world's technically recoverable conventional oil resources. April 2012. ProQuest. Internet. November 19, 2013. “Brief overview of the country analysis. » US Energy Information Administration. US Department of Energy, September 4, 2012. Web. November 19, 2013. Crane, Keith et al. Imported Oil and American National Security. Santa Monica: RAND, 2009. Print. Hanke, Steve H. “Take $10 Off the Price of Oil.” » Ebsco November 2004: n. page. Elite Source Company. Internet. November 19, 2013.Nguyen, Lananh. “US oil production is expected to surpass that of Saudi Arabia by 2020.” Treasury and Risks Nov. 2012: n. page. ProQuest. Internet. November 19, 2013. Zezima, Katie. “Maine truckers, feeling high diesel fuel costs, are urging the state to intervene.” New York Times. December 3, 2007: A20. Regional economic news. Internet. November 19. 2013.