It is a bit difficult to illustrate in words. Sorry, this homework must be completed only by you.

1. War torn Iraq the 3rd largest supplier is in chaos. 2. Oil taxes have been increased. 3. Investment on new oil fields have been reduced. The Graph: well in AB its difficult to plot for you. For further info please look up your newspapers its always there daily.

DYOH - Do your own homework. Ask HOW, not the answer.

How the heck do you want me to show a graph?? Why don't YOU make the graph and show us!

I will tell you why it has started, and that is because the world consuption is at 86,000,000 barrells a day, and existing refineries cannott make enough. But the preemptive strike against the Iraqis to contain and ensure future gas reserves has hit a sour note. The USA knew that sooner or later a good democrat and a bad rebulican would have to answer to their nation and ultimatley the Western free world to where is the gas to fill our vehichles? and it doesn't take a genious to think that at some point the wells will run dry allot sooner than anticipated. Ok back up a bit it was plain to see that a country that would pay close to five dollars a gallon for water you know that stuff that is now bottled. Well Canada has 25 % of all the fresh water in the world and yes us canucks are paying closer to 6 dollars a gallon, Now if that society is going to pay that much for a readily available with little to no over head product, than that was the key, if that society wants water for 6 dollars then those same people would pay 5 dollars a gallon for a refined fossil fuel, Think about that for a second , the West totally destroys Iraq and Afghanistan and gives them a bad aid and gives them bottled water for free and then we take their oil and sell it to a consumer population for less than a gallon of water. go figure eh!

The price of gasoline is partly a supply and demand issue. The oil companies have been buying up refineries and deliberately shutting them down to create artificially scarcity and drive up the price at the pumps. However that's got nothing to do with the crude oil price. There is plenty of oil. It's not a supply and demand issue. Demand is actually falling. Everyone is cutting back because because no one can afford it. Don't believe me? The president of OPEC said it not me. http://www.arabianbusiness.com/522721-no-demand-for-more-oil-opec-president-says Oil is up mainly because of a lot of inflation. Every commodity is up because the dollar is going down the toilet and dragging the rest of the world with it. We're heading for economic disaster. Check out www.infowars.com