The U.S. does not have oil. Exxon has oil. The Koch Bros have oil. When the oil is in our ground, Exxon (or whoever) owns it. That gives them the right to spend some of their billions to bribe (sorry, campaign-contribute, lobby) our public officials to let them drill it out.
Then they put it on the open market, where we have the right to bid against the entire rest of the planet to poison ourselves with it.