I know you're being facetious, but there is nowhere near that much whiskey made in the US each year. For one thing, North American white oak (as in, Quercus alba) is the most common species of oak in eastern North America (New England, the Midwest, Eastern Canada, etc.). The more generic term "white oak" refers to several hundred different species of trees. They actually are more gray than white. White oak is also used for the barrels in aging whiskey in Scotland and Ireland, although I don't think there is any legal requirement about it over there.
I would imagine the reason they are specified is because traditionally they have been used to build the barrels used in "straight bourbon whiskey" (and in most whiskies around the world, really).
And what is the legal requirement other than a statement that the whiskey follows the traditional requirements (which originally weren't requirements, but were simply the way it was always made)?