The United States has over 80 billion barrels of oil in reserves which is far greater than any other country. Why all of the hype over 2% of the world’s oil. I understand that the Suez Canal and Africa play a large part in future oil production but we have oil. Now, if Saudi Arabia suffers the same fate as Egypt and Libya than we should worry. The King of Saudi Arabia may start selling more oil to pay for his new plan to help create new jobs and stimulate his country’s economy. The King is wise to do this plan because people in these countries have been known to use physical force and little to no diplomacy. Is this a just a reason to raise oil prices?