ANSWERS: 1
  • The oil price are artificially controlled,and have little to do with supply and demand,lack of exploration,tensions in the middle east.The shareholders in the oil industry love it when the oil prices go up for they make even more money,and don't mind the expense at the pumps.OPEC is an oil cartel that decides how much oil to pump and refine thus controlling the prices.Since so much of the world relies on oil they have cornered the market,and thus charge what they want.

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