Why did oil jump up to $147.00 a barrel last Thursday?

Question

because earlier in the week, it was dropping?

Answer 1

political uncertainties and the value of the dollar dropping.

You were not alive during the Carter administration where you?

You mess with middle east countries you will pay the price at the pump.

Answer 2

Supply and demand.  Supply is stagnant, demand is high.  Also, investors are betting on it going higher and higher, and it's sort of like a self-fulfilling prophecy.

Even without the investors, though.  We had better find something else, or raise the supply.

Answer 3

oil companies own the us

when they want profits they make up bs about reserves supply and demand

and ching ching profit

Answer 4

Speculators...that's all and nothing else....just speculators.