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Originally Posted by KeepItGreasey
That's what they want you to believe.
But maybe I should be more concise...
Has the demand really increased enough to warrant $4.50+ prices in recent times?
Demand only has an affect on the price if the supply CANNOT be increased to meet it... and we're not running out.
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Umm, do you think that Oil randomly jumps into naturally made barrels and BP or Shell comes by and picks them up?
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Willpower? I think not. It demands physical ability to either ride a bicycle or walk everywhere they go. And keep in mind that EVERYTHING that you buy is transported by oil, and the electricity we use is often produced by burning oil. And you can't forget that plastic is made from a by product of the oil refining industry.
Are you willing to live the life of the Amish? - And not these Amish hipsters driving around in their Escalades.
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The price of oil can be attributed to many things besides supply or demand; most of these attributes are topics that can not be discussed on this particular forum. Regardless, if it gets bad enough then you'll see entrepreneurs who offer new goods in substitution of oil; this has already been happening... Volt anybody?