TERM LIMITS writes: "The US IMPORTS approx 4.7 MILLION barrels of oil per DAY. At $50, that is $235 MILLION per DAY going out of the country. If you are fine with that, with portions going to Venezuaela and the Middle East, I am not. "
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Your economic model is dorked up TL; double entry book keeping won't work.  Look up "value added."  Using domestic oil won't bring down cost and certainly won't be good for the environment (health costs, superfund clean-up etc.)  Then don't forget to calculate in all the money we spend to protect (military) and to subsidize the petroleum industry and its product.  No need to factor in AK oil credits or under-payments to the state,  just focus on the federal side of things.