The solution for our US domestic oil future.

[Kenneth Rexrode + 2]

So this just seems too simple to fix.....The first thing to defend against an oversupply collapse it to build more storage facilities.....Seems like an obvious and cost effective solution.....Secondly, have the federal government manage this reserve with some of the benefits going to US taxpayers. The plan is simple; Buy as much cheap oil from the rest of the world, purchase WTI oil from domestic companies for approximately $40 per barrel. This would be reviewed quarterly. Then we could basically cost average the 2 quantities and then sell it to the refiners. It would also be nice to have a portion of the profits go towards deficit reduction. So basically we purchase cheap oil from outsiders,  stabilize oil prices and the well being of our domestic companies, while providing a method to balance our budget. It just seems so obvious to me. Building more storage tanks is such an easy task.