Who do you think has more power - the Oil Barons or us the public in determining Oil price?

Question

Do we as masses have power to change the laws of demand and supply? Can we thwart the schemes of OIL barons who are trying to increase their profits to millions of dollars a day by squeezing every nickel and dime out of middle class folk who are struggling to make a daily living ? Where do we stand in the balance?

Answer 1

The end consumer dictates the price by your ability to pay....

Answer 2

The main upcoming consumers:  China and India.

Answer 3

As long as those with the means to buy the gas for their SUV's, those who are being hurt the most by high gas prices will suffer.

A few people take too much of the limited recourse and drive the price out of reach of everyone else. Aren't you glad we have regulations on drinking water ? Oil suppliers understand this and will charge whatever they can get. There is no limit to the price as long as people continue to buy all that is produced. Government regulations prohibiting the use of alternate fuels such as alcohol (100%) force everyone to use oil based fuels.

Until the brains in the Silicon Valley can get their cottage industry electric (Telsa) and alternative fuel vehicles produced en mass, we will suffer to the greed.