The oil tanker HS Electra unloads oil from the North Sea at the Portland Pipe Line facility in South Portland, Maine, in 2013. John Ewing/Portland Press Herald via Getty Images hide caption

itoggle caption John Ewing/Portland Press Herald via Getty Images

A tanker carrying crude oil from Iraq's Kurdish region anchors near Ashkelon, Israel. It's believed the oil has been off-loaded into Israel. The U.S. and Baghdad oppose the Kurdish export of oil from the autonomous northern region. David Buimovitch/AFP/Getty Images hide caption

itoggle caption David Buimovitch/AFP/Getty Images

Scotland's offshore oil platforms in the North Sea generate significant wealth for the nation — especially for the Shetland Islands, where oil tanker traffic boosts the local economy. Andy Buchanan - WPA Pool/Getty Images hide caption

itoggle caption Andy Buchanan - WPA Pool/Getty Images

Givot Olam CEO Tovia Luskin expects to drill 40 wells and build a pipeline to a refinery on the coast. The company already has "proven and probable" reserves of 12.5 million barrels of oil. Luskin chose where to drill based on a passage from the Bible. Emily Harris/ NPR hide caption

itoggle caption Emily Harris/ NPR

On Dec. 23, 1973, cars formed a double line at a gas station in New York City. The Arab oil embargo caused gas shortages nationwide and shaped U.S. foreign policy to this day. Marty Lederhandler/AP hide caption

itoggle caption Marty Lederhandler/AP

Libyan oil exports have plunged because of strikes at oil terminals on the northeastern coast. Supply has also been disrupted in the country's southern fields. Hussein Malla/AP hide caption

itoggle caption Hussein Malla/AP

Bedouins watch flames rise in July 2011 after masked gunmen blew up a terminal of the Egyptian natural gas pipeline to Israel and Jordan. It was one of many attacks on the pipeline since the popular uprising that ousted longtime Egyptian leader Hosni Mubarak last year. AP hide caption

itoggle caption AP