1 Year Forecast is that it would reach $158.50 / BarrelOil prices鈥?going up to $121.92 / Barrel (high cost) is due to lack of support or lack of availability?
It's due to lack of disclosure.
There are oil, the companies rigged the price together and tell people ';There's no oil! If you want them you gotta pay more';
We have never been told what is considered as ';lack of supply'; or what is considered as sufficient. To me, before any petrol station is out of business, there is sufficient supply. The oil we are extraching from earth is like the skin of an apple, and very small portion of it.
20 years back and you will remember there's all sort of news on the media saying the ';doomsday is coming because we are running out of resource';, but now we are still living.
Those information are released out to confuse people, not necessary by the industries, can just be something someone write to put on the newspaper to make a living, but it makes a great impact to how much people will be spending.
Scare tactics, really. Maybe we are short on supply, but does doubling the price double our resource?
Most people would consider that conspiracy theory and would rather believe what newspaper say instead.Oil prices鈥?going up to $121.92 / Barrel (high cost) is due to lack of support or lack of availability?
In early 1970s, it was less than $40 per barrel.
And soon it will hike up to nearly $200 per barrel.
It's gone up for numerous reasons, but the main reason is because lack of availability %26amp; the fast depletion of non-renewable resources...
Due to no lack of greed.
I hope if people decide to do anything they take it out on the right people. I remember the riot in the '70's. When does hurting innocent people do any good?
So many elements comprise this situation,but it all sums up to someone's wallet getting fatter.
Lack of availability
Its all a big joke. I hope people start riots
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