The red line is domestic oil production, the blue is foreign oil imports, the green is oil imports from OPEC.
The text reads:
Federal limitations on domestic oil production have contributed to a steady decline in US production since 1985. By 1994, the United States was importing more than its total domestic production. Restricting supply raises prices and unnecessarily contributes to US reliance on foreign oil imports.
And peak oil analysts get called conspiracy theorists!!
Seriously though, I can see how someone could fall for this BS, especially if they already hate the government. But wait! A steady decline since 1985?? Wasn't that RONALD REAGAN's term in office? That liberal environmentalist do-gooder. He must be the cause of all our problems.