Imminent Recession?

[laxfan25]

One theory I heard a long time ago about oil that could have some logical sense... The oil companies prefer to continue to pull oil out of international sources, since that preserves the supply in the US. Why not suck it all out of the ground in Saudi Arabia, et al - and then we have our home reserves to tap into?
They don't really care about the cost to consumers, since an increase in price just makes their reserves that much more valuable.