Them bastards aint pumpin' our oil fast enough!!

The WSJ basically makes this argument. The Economist hints at it. It runs very deep in certain schools of political thinking: that all resources really are ours (well, "the market's" -- but same diff in the end), and that means they should be under the control of multi-national corporations (because nobody else can exploit them efficiently).

See, for instance, this video game. It's a low culture manifestation but shows how pervasive this thinking is:
http://www.mercs2.com/

And related story:

Venezuela lawmakers blast video game

CARACAS, Venezuela (AP) -- A U.S. company's video game simulating an invasion of Venezuela is supposed to hit the shelves next year, but it's already raising the ire of lawmakers loyal to President Hugo Chavez.

...

Pandemic describes Mercenaries 2: World in Flames as "an explosive open-world action game" in which "a power-hungry tyrant messes with Venezuela's oil supply, sparking an invasion that turns the country into a war zone." The company says players take on the role of well-armed mercenaries.

...

Lawmaker Gabriela Ramirez said "Mercenaries 2" gives a false vision of Chavez as a tyrant and Venezuela as being on the verge of chaos. She said the game could be banned under a proposed law aimed at protecting Venezuelan children from violent video games.

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It will be interesting if oil really spikes and we start looking for someone to blame. That someone will quite likely be Chavez.

"If we had those extra 2m barrels a day this oil shock wouldn't be happening! Let's get 'em!!"