China gas and oil

In 1984 China/India used 10 million barrels per day of oil and by 2008 it had risen to 25 million per day. The US used 19 million in 1984 and in 2008 used 24 million. Not only does China/India use more oil than the US, their use is growing much faster. In fact it is growing 7 times faster. This growth in China/India will continue into the future so the price of oil, which is determined on the world market by supply and demand, will continue to rise. In addition China started a few years ago to stock pile oil for emergency reserves. The world refining capacity is now less than demand so this is one more reason for gasoline prices to rise and one very good reason for the US to build more refineries. Refined oil products are now our biggest export and the demand is great enough that we could export more but our refineries are working at capacity. What are we waiting for?