Originally posted by TexasRealtor: It's simple economics of supply and demand. Oil is a finite resource. As other parts of the world are starting to industrialize more (China particularly), there is a larger demand. Therefore the price goes up.
....or it could be a huge conspiracy by Bush and his cronies to drive up oil prices, by invading Iraq and simultaneously smuggling midget prostitutes in to Saudi Arabia to give the Saudi royal prince Herpes in hopes that the government would become unstable and meanwhile the Venuzuelean oilfields would begin to mysteriously shutdown due to defective pump o-ring seals on all the rigs which were manufactured by Haliburton when Cheney ran the company and smuggled into Venuzuela by illegal alien fruit pickers who were given LSD by their coyote smugglers and convinced to go south instead of north by secret milarty operatives still loyal to General Powell and his secretive military intellegence infrastructure all so Bush's secret Exxon/Mobile stocks would go through the roof and he could make enough money to buy back the Texas Rangers ...................right Hitman? 
Me, silly? Didn't read my in depth, investigative conspiracy theory above?
"Eagles may soar high, but weasels don't get sucked into jet engines."
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