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Not a defense, but just some clarification. the market drives oil prices, not the oil companies. Oil companies keep huge supplies of oil barrels. The cost to produce them remains the same. If the price to produce them is $10 and a barrel is selling for $25, they have a profit of $15. If it is selling at $65, then profit is $55. hence the record profit. They basically do nothing, and make a ton more profit. Oil is a limited resource that scientists have been saying for decades is running down, world oil consumption has increased 10 fold in the past 5 years. A dramatic rise in price is to be expected.
The key is to find alernate fuels. Oil will be expensive for as long as we are around. It is not some profit drive conspiracy, as much as it is hurting the common man, it is hurting other businesses. Do you think CEOs of major corparations would be sitting back if they beleived the oil companies were shafting them?
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