As I said before, the links to wiki were for your benefit not mine.
You seem to be missing a key concept when thinking about global oil supply and that is fungibility.
If you and I each pour a bucket of water in a bathtub, after they are poured in, you can't tell which gallon of water is which, as they have intermingled.
Global oil markets work the same way. Regardless of where it is produced, it is in the "global tub" and subject to global supply and demand. The only way to avoid this is to totally prohibit domestic production from being sold on the global market, AND to prohibit the importation of any oil.
The concept applies to domestic production in this manner:
We produce more oil. We have added to global supply. The producer of that oil can and will sell to the highest bidder, either here or export it, possibly a mixture of both, depending on the geographical position of that oil.
Prices drop a little, given that we supply only about 10% of the global market.
Say we triple our production instantly (physically impossible) and now produce 25% of the global total. (yes, that is the way it works out mathmatically). We now import NO oil, and export a little.
We have made ourselves energy secure from supply disruptions from Iran, right?
Nope. Not unless you completely wall off your economy and prohibit oil producers from exporting.
Say in this new scenario, Iran snips a good chunk of global supply. People who were buying from the Iranians, are now buying from whoever will get them oil, US domestic producers included.
Domestic producers then export to the highest bidder, reducing what they sell in the US until a new equilibrium price is reached. Prices in the US rise accordingly even though we don't import any oil at all.
This is why producing more oil will not protect us from global supply disruptions. We would still pay more in this scenario.
In fact, since we lowered the overall price of oil to begin with, more of our economic infrastructure gets built around this energy source. We depend on, demand, and consume more units.
That means when the price goes up, we are consuming/demanding MORE units of oil, at the new higher prices.
This is what OPEC talks about when they say high prices leads to "demand destruction" and why they don't like high prices. People make long term decisions, like living closer to work, driving smaller cars etc, when prices are high.
Economically, if you want to be more secure from oil prices and supply/demand for oil, you simply use LESS rather than more.
IF you view Iran as a security threat to our oil energy supply, the only rational response is to reduce your exposure to it.
Sure a carbon tax is inefficient, but then so is a military, in terms of economics. It doesn't produce much other than security. It is part of the "G" term (government) used to define GDP.
We think nothing of spending more than half a trillion on our military every year, but get all bent out of shape when it comes to a carbon tax that improves our security?
This is why I say your ideological blinders keep you from reaching rational conclusions.
"Drill here, drill now" does not make economic sense if your goal is to make us less vulnerable to a part of the world who has it in for us.
Do the Iranian threats to our oil supply concern you?
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