What factors are causing oil prices to rise so quickly? It cannot be simple supply and demand?

Firstly the dollar is still very weak, and since oil is traded in dollars the oil price is high.


A big problem at the moment is that airlines and other major fuel users are buying up the futures because they are worried that the price will go even higher.


Thirdly - demand is still outstripping supply. Ironically this is mainly due to the fact that everyone is panic buying.





All these factors are reasons for the price to rise. Until something happens which causes demand to fall (e.g. stockpiles grow) the price will keep rising.





The whole thing is a bit of a chicken and egg situation.





Prices will probably never fall back to the stable prices which were something like $30 dollars a barrel a few years back, but it is quite possible we'll see $70 to $80 again.What factors are causing oil prices to rise so quickly? It cannot be simple supply and demand?
China and India are developing apace, and their demand for oil is putting the prices up worldwide, as is the demand for Iron and Silicon, amongst other things, like grain and meat, I dont think anyone wil know where this is going, unless China suddenly finds its own oil etc, we will just have to get used to it, its not going away...What factors are causing oil prices to rise so quickly? It cannot be simple supply and demand?
I think it is now much more than just supply and demand.


It has grown into speculation, greed, corruption, and plain out of control.





Last week the government, and oil companies stated the use of oil in the United States has dropped 1 to 2 percent this year compared to last year. And with the current rises in oil going up almost each day, as opposed to once or twice a month.





We were led to beleive that if we cut back the price would stabilize, but it is not doing that.


This year may well set a record as the least travelled Memorial Day Holiday, but the prices will still go up !!!











The corporations, ceo's, and stockholders of BIG OIL have now gotten a taste of BIG MONEY, and they gotta be loving it. You really beleive they will let go of it now??
The arabs want to be paid in Gold with the weak $.The arabs


are so thick,they don't realise Gold is in $'s.You look at the price of Gold,it is also inflated highly.By the yanks saying they


are printing money with no back up.When this becomes unfounded,in time.The arabs will have sold their oil for half price,with Gold now being half.So now they are cash poor,so now what they need of the yanks will want Gold at the low price,and the goods they get are getting are twice the cost.
OPEC keep prices high by limiting the amount of oil they allow into the market. Surplus is kept in storage.





Along with that, conflict in the middle east, inflation, investment in commodities due to faltering stock markets.
Greed, speculation, weak dollar, piss poor economy, a congress that just now decided to pull their heads out of their a** to ';try'; to lower prices when something should be have done along time ago.
Sorry, the answer is, supply and demand. Well that and Saudi Arabia doesnt want to do business with the US.
greedy fat sweaty bald small minded men. who are scared they won`t make 5 BILLION pound profit ., Based on the strength that, it rained in deepest darkest diddlywink on the last day of sprig, its all silly bollocks and GREED !!!
Stock brokers trading in it and speculating on share prices..
Oil Company PROFITS...it's easy.
It's all manipulation by the banks .
its inflation..its not just oil...everythings going up in price now





and they call themselves the labour party...
the world leaders have realised that the oil is running out
Greed