06-09-2008, 06:04 PM
IMHO it is all about simple economics: supply and demand. China, India, US use huge amounts of oil. Only so much oil on the open market at a given time. Our "friends" the Sauds (who brought us 9/11 and OPEC) recently said they had no plans to increase production. Voila. Prices keep going up. Yes, there are more factors but those are the basics.