So much for cheap oil
So does there appear to be any relief in sight? Well, unfortunately oil has an, shall we say, unpredictable economic history. There is much talk about just how random these fluctuations are, though, and more specifically, just how much influence the petroleum industry has over them. OPEC often finds itself chief whipping boy when oil prices are on the rise.
On the up side, the seemingly inexorable rise in prices has created a perfect storm, causing many to call for laying off the black gold. Some consider our reliance on those shady folks in OPEC a huge national security issue. Environmentalists, like award winner extraordinaire Al Gore, increasingly push for reducing our demand for oil, too. And perhaps, just perhaps, as prices continue skyrocketing, more will join those diverse voices calling for change.