Quote:
Originally Posted by Oberon
Get used to paying more for gas, even if you drilled every single oil well in the United States, you would still have to pay more, and you'd run dry quicker. The era of cheap oil and cheap gas is over, it has been since September 11th 2001. The sooner people accept that, the better.
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Look again at your chart. That sudden climb in the early '70s came about because OPEC said so. It had nothing to do with the cost of getting the stuff out of the ground or refining it. It was a political move and nothing else. The price of oil is artificial and has been for almost four decades.