The terrorist attack on the World Trade Center in 2001 was a devastating day for the American oil industry. Oil prices skyrocketed 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 a barrel due to Bush's order for the government to buy 700 million barrels of oil which caused an increase in prices from storage costs. On top of that, oil prices were high to help preserve the oil supply because the nation feared that oil imports from the Middle East would stop. The tragedy of September 11 was not the only time America suffered from high oil prices. In the 1970s some foreign countries stopped exporting oil, which made America fear an oil shortage if imports stopped. America was and remains too dependent on foreign countries for oil. If America were to suffer another depression like the Great Depression, then the difficulties in making a living would be even greater than after the tragedy of September 11th. The September 2001 terrorist attack occurred more than twelve years ago, and America is still suffering from rising oil prices. The nation should not still suffer the consequences of something that happened more than twelve years ago. America is paying too much for oil from foreign countries. This drives up gas and diesel prices at the pump for people. There are billions of gallons of oil in American soil. This does not include offshore oil. The nation could easily become independent of oil. America should stop importing and using oil from foreign nations for fuel production for the benefit of the American people. America has many natural resources underground, such as oil. Unlucky... half the paper... and publications. ICYMI: The Obama administration report reveals that the United States possesses 26% of the world's technically recoverable conventional oil resources. April 2012. ProQuest. Network. November 19, 2013. "Brief overview of country analysis." US Energy Information Administration. U.S. Department of Energy, September 4, 2012. Web. November 19, 2013. Crane, Keith, et al. Imported oil and US national security. Santa Monica: RAND, 2009. Print.Hanke, Steve H. “Take $10 Off the Price of Oil.” Ebsco November 2004: n. page Corporate source elite. Network. November 19, 2013.Nguyen, Lananh. “US oil production will surpass that of Saudi Arabia by 2020.” Treasury and Risk Nov. 2012: n. page ProQuest. Network. November 19, 2013.Zezima, Katie. “Maine truck drivers, feeling the high costs of diesel fuel, urge the state to intervene.” New York Times. December 3, 2007: A20. Regional economic news. Network. November 19. 2013.