Why is oil pirce rising?

Question

It is cause especulation? demand/supply conditions were the same last year and it didn´t rise so much? Is someone becoming filthy rich due to future values trading? Will it go down after next elections? The Bush admin "Commodity Futures Modernization Act of 2000" and the 2006 ICE allowence to trade through local terminals with EEUU future oil at London exchange stocks; favoring the especulation furthermore might be a move to further enrich its buddies, the oil companies, while himself, and also causing people all over the world and the country to further fall into debt with banks, who are making billions charging us taxes on money lend at private and government levels!!! Also, might this be a move to settle a oil price control tool based on especulation (a especulation that very few people currently know how exactly it affect oil price and in whcih degree!!), in order to neutralize the impact of the middle east oil price rising capacity it attacked! Is this a preface to more war(Iran)?

Answer 1

because there is more demand for oil world wide with China growing faster and having more demand, we need to find other alternatives to fuel

Answer 2

because we're buying oil in high price...

Answer 3

there is a plot by bicycle companies to buy up all the oil so we cant have any.  Ed Rickets is becoming filthy rich.  Blame him.

Answer 4

oil and comodity prices arerising due to two reasons....

1. Index speculators . . who are hoarding huge huge sums of commodities including oil and gold

2. central banks. . who have gone into monetary expansion. . for example Fedral reserve bank of united states has gone into monetary expansion and to hide that it has stopped issuing the M3 monetary data stating it is not important any more to issue that data.

so there is more money chasing the commodities and the index speculators buying huge amounts are leaving the market with inflation all over and devaluation of dollar