Posted by Bill Door on November 05, 2004 at 09:21:30:
In Reply to: Re: Expensive expensive petrol and heating oil posted by four provinces on November 05, 2004 at 03:07:15:
The fluctuations in oil prices are not related to the volume produced by a given oil source. The markets have increased in reaction to the restrictions on Iraqi output. This was happening prior to other developments such as Nigeria, and I forget with south american producer (Venezuela ?). In that respect Bush is directly to blame as he has failed to deliver a stable oil producing environment.
The real underlying cause is simply supply and demand. The world is consuming too much of a diminishing resource. The oil biased policies of Bush do not help this but every country on the planet has a responsibility to deal with this.
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