Can anyone explain in simple words WHY THE OIL PRICE IS SO HIGH?

Question

Can anyone explain in simple words WHY THE OIL PRICE IS SO HIGH?

Answer 1

I bought millions and millions of barrels of oil when they cost $60--$100 a barrel. I expect to make a kill when I sell. But right now it’s only over $140 a barrel. So here is my difficulty :

I have requested my agents spin the media, like: “Oil future looks high, expecting to be in the range of $200 a barrel soon”   But it does not work price up fast enough.

I have paid the mainstream media, the Think Tanks,  and the major PR talking heads,  to spin China and India (supply and demand) responsible for price hike, to deflect American public anger. But that does not go far enough.

Right now, I am extremely nervous and worried. I urgently need a prey to buy those “paper barrels” on my hording. So I can profit.  But where can I find my prey ?  

ADD:

Airline industry has requested and demanded Congress stop oil speculation. I have my lobby on Capitol Hill work the Senators and Congressmen around the clock. But I do not how long they can hold.

Airlines urge Congress to curb oil speculation

http://www.boston.com/business/articles/...

Answer 2

Demand increasing faster than supply can be produced. Very simple words.

Answer 3

Demand > Supply*

*Example: Gold.

You would be just as p*ssed about Gold prices if you had to put it in your car every week.

Answer 4

GREED ON THE PART OF ALL INVOLVED--------- GREED OF THE OPEC ---THEY COULD PRODUCE FAR MORE THAN THEY DO -----THEY KNOW IT'S ONLY A MATTER OF TIME BEFORE WE HAVE A ALTERNATE. FUEL SOURCE CARS AND ARE BLEEDING US BEFORE WE CHANGE OVER TO NON-GAS CARS AND TRUCKS -----AFTER WE CHANGE OFF TO OTHER TYPES OF FUEL ---THERE PETRO WILL BE WORTH VERY LITTLE SO THEY ARE MAKING IT WHILE THEY CAN .

Answer 5

becuase we F***n screwed up the earth and we cant produce enough to supply with lower prices