Eat Your Oil...

[andyofne]

There is NOTHING that has happened in the world in the last year that has caused oil to cost $140 a barrel. Nothing.

Saudi Arabia has even said that there is no problem meeting demand. There is no supply shortage.

Every time some Nigerian farted, it went up $10. Every time something happened in Russia, it went up $10.

Now it goes up $10, 20, 30 and there is no reason other than "increase demand in China and India".

These reasons suddenly appeared when problems in Russia and Nigeria lessened and our own problems with refineries and such were resolved.