Insanity.
It would cause us to lose $100 Billion in Refined Products Exports by pricing us out of the market.
Net result? Shutdown some refineries and lose US jobs.
An $11 per barrel increase would increase the price of gasoline about 26 cents per gallon if we used 100% imported oil. At the current import rate of 24%, gasoline would probably increase 10 to 20 cents per gallon depending on market dynamics.
Proof this person doesn't understand basic economics. If the price of 24% of our imported oil jumped $11 a barrel, do you think the domestic oil competing with it will stay the same price? Why would it? I can add $10.99 to the price of my oil and still beat every other choice you have.