1. I know how old it is. Gas was the same then as it is now
2. Ok
3. I was watching a report on TV the other night. It said OPEC cut production at one point, and even influenced non-member countries to cut production, to raise prices. All this information was pulled from OPEC memos. They said that OPEC has the gas prices about $1 more a gallon than they should be.
IDK, but maybe even at $40 a barrel, oil is overpriced. Certainly it's more reasonable than the current cost, but if OPEC, which encompasses most of the major oil producing countries, wants it at that price, then I bet they're making a pretty penny on it. One group controlling of anyone thing is not good. There is little competition in the oil market.
