Oil prices???

Can anyone explian to me in simple words that why the oil prices went up so high in last 9 months?Oil prices???
Liberal answer - blame George Bush. Like everything else.





Real answer - global demand for oil is up while supply is being held down by OPEC.Oil prices???
Global demand. No one, not the president, not congress, not me or you can do anything about the global demand. The more country's want, the higher the MIDDLE EAST raises the price. OPEC could produce more but they have chosen not to, so they can benefit from the rising price.





lincoln6 - oil companies would build new refineries but the IDIOT DEMOCRATS in congress have continuously voted to prohibit the building of new refineries. They did it again last week, look it up!
No.. And if you want your answer in simple words don't bother asking a politician. I hope you don't mind but I've made these comments so I can refer back to the question because, like you, I'm curious to hear the answer.
It's called greed. The oil companies have opened no new refineries in the past 25 years, but the price of oil increases because of supply worries.
HYPER INFLATION and steadily rising demand/low supplies-(which has impacted prices from the time since crude was utilized which means its a minor factor).
Don't you follow politics???





who is the president???





how did his family make their money???





how much longer is he going to be in office???
Supply and demand. Many more countries are using gas especially China.