Oily skin-SO ANNOYING! What to do!

Hi everyone,
I'm sure I'm not the only one here who suffers from annoying, persistent oily skin. I read ins everal places that the more one washes their skin, the more oil it will produce as to compensate for the oil that is being stripped do to constant washing. Therefore I wash 2 to 3 times a day. However, several minutes after I wash my face starts to becme oily again, and several hours later, it's like an oil bomb! I don't know what else to do. The more I've tried to dry it out in the past with Acne medications and astringents, the oilier it would get. I have also read that oily skins need to be moisturized. How can this be? I have tried to moisturize it with an oil free moisturizer and all it has succeeded in doing was to make my skin look even more greasy and increase my breakouts. I am tired of these remedies that simply do not work for me. Does anyone have any advice on effective ways of reducing oily skin and shine, without drying out or irritating the skin? Responses would be very much appreciated. Thanks!