The oil company's have a huge amount of control in many of these numbers. The decision to work over and re-frac are made by bean counters every day. An old well put on a stripper timer can many times be made to be a real producer again with modern methods. A big part of that decision is getting that crude to the refinery, pipeline capacity/availability. We are now a an all time production high for crude oil in the United States. Prices remain stubbornly high because much of our finished product goes overseas instead of hanging around. I am something of an anomaly I suppose, I made a good living in the energy industry for a long time, but I see the destruction of the South American rain forests for mining and farming and it makes me unhappy. I see the before and after pictures of the Canadian tar sands and it saddens me. I do realize we need the products being produced but it makes me wish for more nuclear now instead of later.