Stop believing the hype.
There are a few things that keep the oil prices high, and it's nothing to do with world supply. It has to do with the speculators, refineries, and corporate greed.
Even with profits in the billions, the oil companies refuse to build more refineries. When the Saudi's OFFERED to build refineries to help in the oil price, the U.S. and oil companies refused.
When the price of gasoline sky rocketted, the Saudi's dumped more oil on the market.
Did the price go way down?
No.
Why?
The oil companies did not miss a step. They said that REFINERIES were MAXED OUT. I.E. all of the oil on the market doesn't mean anything if you haven't the capacity to process it into the end product.
