Guys.........can you NOT see the sarcasm in my statement........
I've always said OIL prices were and ARE based on market demands. There is some artificial inflation with OPEC and future traders, but for the most part, it is demand driven.
I was mostly making a JOKE.......but I guess you guys could not see that.
I do know this.........if supply is limited and DEMAND is great, why the HELL are we not tapping our own oil. Offshore, Shale fields, North slope........Montana, Yellowstone..........WE have a TON of oil here.
I find it extremely interesting that the first thing OBAMA did in office was roll back the leases for Oil exploration out west. You think this has anything to do with that??
http://www.snopes.com/politics/gasoline/bakken.asp
I used the snopes link above to prove my point......it does a little of both. It proves and disproves my point, but it really points to the fact that we don't know and EXPLORATION should be done.