Libyan streets filled with blood

[Papa_Complex]

Originally Posted by goof2

This is why I don't understand the whole "Its the oil companies/speculators/whoevers manipulating the market" thing. Expensive gas shouldn't be coming as a surprise. Demand is far outpacing supply. The only reason oil dropped back down from its 2008 highs was because the global economy got wasted and the demand for oil declined. There hasn't been any significant increase in supply since then and now that demand has rebounded we are right back where we were. Blaming the "speculators" is fine and all but it fails to recognize that they are most likely speculating accurately.

Perhaps because they aren't building refineries, to meet the demand? It's an artificial restriction.