I did not realize before that some countries in the world has an oil reserve. A storage shed for barrels of oil in case of an emergency. The reserves are used to ship out barrels of oil when a disaster strikes the refineries and/or drilling stations.
If the price of oil reaches an all-time high, the reserves are not used to reduce the price of oil by increasing supply. The reserves are used to keep the amount of oil constantly flowing. The article can be found here.
When the price of oil increased, Bush went to Saudi Arabia to ask the prince to increase output. Bush did not empty out the US oil reserves. Therefore, a price hike is not a good reason to empty the reserves. The article can be found here.
Oil is how a country maintains power. The article can be found here. If we look at the big picture, the one who controls the oil supply controls the world. If oil was not such a big deal, why would China want to own foreign oil so badly. Why is the sale of oil related companies regulated? If China or another foreign country wanted to invest in another countries oil sands, I am pretty sure the deal would be blocked by the local government.
I can only hope that one day I will own a piece of prime real estate with black gold. Who knows, I could one day join the Organization of Petroleum Exporting Countries. That would be very nice. I would join the ranks of the most respected and/or hated individuals.