serious question: what is making oil prices go up?

Question

has technology been so bad that it has made it more difficult to dig up or process oil int he past years or decades? we know why salaries increase, because basic commodities increase, because oil prices increase. but what makes the price of oil increase?
if the explaination is supply:demand, then alternative fuels should be sprouting from everywhere rahter than being controlled.

Answer 1

Opec tries to control the supply and therefore the price of oil. They try to keep it within reasonable limits whilst making a profit for themselves.
However the current oil crisis occured when the lobbyists in Washington got themselves a puppet government to do there bidding.
For the past 50 years those same lobbyists have been feeding the American people oil like a crack dealer would run his business. They are closing in on the end of the road, as oil supplies are dwindling and those that exist are beyond their borders.
The first thing Bush did was try to dig up oil in a national park, when those fields proved not as lucrative as hoped (think crack dealers not businessmen) he tried to take over the only stable country left in South America - Venezuala, exporter of 25% of American oil. Instead he pushed that countries voters into America hating territory (they had previously been very friendly) and got even his 25% cut-off. A war with Venezuala was unsupportable in international eyes compared to Iraq, so he invented some trumped charges as an excuse and plunged the world into war.
Forget 911 that was Afghanistan and had been dealt with.

With Venezuela and Iraq not supplying America with oil, that left only Saudia Arabia and Russia. Iran had been cocked up like Venezuela many years before by both Britain and America. Russia has it's own problems as most of it's oil is in the Caucases, where independence and civil war are the norm. The world is trying to get a piece of that pie but Russias still strong enough to keep it for itself.
Now, although Saudia Arabia can supply the oil America needs and Venezuela hasn't cut America off entirely; the price is going up because oil markets are getting jittery because of what I have just written. To counteract this within it's borders America should provide an oversupply bought from Saudi Arabia. The Saudies want this to happen and have agreed to produce more oil for America.
The problem is that America cannot refine anymore oil than it already is.
Back to the crack dealer analogy, the American oil companies are too stupid to try to wean the people onto another drug so they have not bothered to (and actively discourage) find alternative fuels.
Proof - Front page MSN/NBC this week " Nows the time to buy SUV's because high oil prices means they are now cheaper " - all the proof any sane person would need.

ps I wrote this real quick hoping for a spell checker which didn't work - sorry.

Answer 2

1. Nothing to do with technology for digging.
2. The reserve oil bed will last for 40 years, if you dig fast, you should be able replace with an alternative.
3. R &D work on alternative fuels are in the early stages - fuel cells.
4. Mass scale consumption will have to be met if alternate fuels.
5. Blending of bio-diesels with High speed diesel for transportation has not taken off in full scale. Cultivation of Jatropha carcus required for this has just started and commercial scale exploitation may take some time.
6.Finally already available is hoarded by developing countries and used for weakening the economies of developing countries.
7. The area in which more oil reserve is available is too much involved in wars and spending the money for that purpose at the cost of the price of the oil.
Therefore hoarding of oil by oil rich countries and using the money of oil for weapons have resulted in oil price going high.

Answer 3

Why are most suicide bombers from ARABIAN
COUNTRIES,
The Arabians have most of the worlds OIL,
When the BOMBINGS START
The price of OIL SHOOTS UP

In the Arabian countries life is so cheep
So with promises of 27virgins waiting for them
There families will be cared for after they have gone
So BOOM
$50 bucks a year to care for the family
$100 Billion a YEAR in more INCOME
For the OIL OWNERS


Work out the
MATHS
Who What Why

Answer 4

It's the most use commody that gets tax to pay off the National Debt cause by the WAR. Prices are NOT set by OPEC (which is only 20% of our usage). Oil companies and the government work in concert.

Answer 5

Oil prices are controlled by an international group called Opec.

I believe one theory is that increasing the prices will reduce useage and protect the environment.

Of course there may be other considerations.

Answer 6

Two main reasons: uncertainty in middle-east, war in iraq, and now, situation in israel.These are areas of major oil production. Price ^
Also, we are reaching the oil peak production with most of the earths oil now discovered and being used. Basically we are slowly running out. Prices ^
Another thing, China's economy is picking up and they are using more and more oil. Prices ^

Answer 7

Canada has enough oil to power the world for 20 years. So why invade Arab states ? War makes money for stock holders, like Bushes friends. "The haves and the have mores, as he says."

Answer 8

the american gov is pushing up the prices through there political agenda and therefore make the usa control the major oil fields of the world

Answer 9

I wrote in this drastically very last year. Sorry, i'm no longer going to reconstruct the various pages in this challenge. See my post history for information in this question. 60 Minuets changed into previous because of the tale.

Answer 10

The less their is the more the price because people need it because they relie on it so why charge next to nothing for it if people are willing to pay a large amount.