Is the Price of Oil too high?

How can that be when Global Capitalism provides you with more value at lower costs.Is the Price of Oil too high?
How does an oil cartel fit a competitive capitalistic model? Do you think before you type?Is the Price of Oil too high?
Are you buying? Then it's too high.





Or, are you selling? Then it's too low.
the problem is I rather have no oil at all


so I dont' have to hear people complain





if you don't like it, dont' use it


if you can't afford it, don't use it


if you compain put a sock in it
Price of Oil? OR,


Price of Gas?





The price of oil is fair; based on the the supply and demand. In fact, since oil production has increased the supply the price per barrel is dropping.





Gas prices at $2.00 USD per gallon is actually a fair price considering that over 30 years ago price was $1.00 USD per gallon; showing SMALL inflation for the price of gas.





However, forcasting into the future ... since crude oil is a limited comodity, the increased production will lead to a low supply in the next few decades. Unless the WORLD finds alternatives ... well WAR unpresidented beyond anything we've seen.





Additionally, the spike of gasoline prices after Katrina (to $4.00 -$7.00 per gallon) were attributed to the oil processing plants in New Orleans. Since New Orleans is a major receiver of the crude oil, they process the oil into gasoline for most of the East Coast. Many states prohibit Companies to build new processing plants. This makes a ';Bottle Neck'; on getting oil turned to gas for consumers to use.