Tattoo is a moron. John Hofmeister, the former president of Shell said:

Hofmeister predicted that Americans won’t have enough oil to fill their gas tanks no matter the price, which will lead to another recession.

“We’re not going to have enough oil to fill the tanks everyday of consumers at whatever price it might be, so Rex may be correct in the course of the next several months that the economy could falter because people don’t have the money to both buy clothes and books and food and medicine, because they have to get to work every day, and the higher priced gasoline courtesy of the American government is causing people to choose to not buy things,” he said.
 
http://cnsnews.com/news/article/former-shell-oil-president-we-won-t-have-enough-fill-gas-tanks-no-matter-price

“In fact, we’re starting to become an energy exporter.”
This statement is meant to imply that we have MORE than enough oil in this country. So much in fact, that there is no reason to drill for more.

But what’s to explain this statement just a few words earlier:“Over 80 percent of America’s energy needs are now being satisfied by domestic supplies.”This statement is categorical (and nonsensical): But he appears to be saying that the US does not have enough of its own domestic energy supply to meet its needs. We are still short by 20%.Of course, Reich is using the term “energy” generally even though we’re talking about the price of oil/gasoline specifically.This would be like 1.) complaints that supply of Apple’s new iPad were in limited supply but then someone else using Reich’s logic would say, “no, we have plenty of electronic products here in this country.”Well, Mr. Reich, if you looked at my complaint, it wasn’t that there weren’t enough “electronic products” but rather, that it appears we’re running out of iPads.The issue right now is that we have a very limited supply of oil, we have a limited number of refineries, we have a limited number of ways to transport oil from our largest foreign supplier (Canada), and for an economic imbecile like Reich to not understand that that translates into higher prices, is amazing.  Just because we have an increasing amount of say, natural gas, doesn’t really help keep the price of gas down much, does it?In fact, import about half of our oil (see this USEIA chart: http://205.254.135.7/energy_in_brief/images/charts/imports_domestic_petro_shares_demand-large.gif)Also, we because of the aforementioned refinery issues, we actually have glut of unrefined oil in the midwest while other parts of the country that rely on foreign oil are seeing shortages.  This combined with market uncertainty, climate legislation, and inflation, all combine to force the price at the pump to all time highs.