No wonder the price is falling...

...and Noah Rayman has a Time article with the reason:

The United States produced more crude oil than it imported in October of 2013, for the first time in almost twenty years, the Federal Energy Information Administration announced recently.
The US also produced more oil in September of 2013 than it has in any one-month period over the last two dozen years, partially as a result of the rise of hydraulic fracturing, and the country is importing less than it has in seventeen years.
The country is still the world’s largest consumer of oil and the largest importer of crude oil.

Rico says it couldn't happen to a nicer bunch of ragheads...