I ask the question because there is plenty of oil around at the moment but the speculators seem to be driving the price up. In fact what we are lacking is refining capacity (especially for the heavy oil from the middle east) and Gordon Brown and GW pleading with the Saudis for more oil to be pumped is a nonsense. It is a complicated business with for example the present taxation system driving up demand for diesel without actually thinking about how that demand could be satisfied. I only hope the latest oil shock will motivated us into changing the way we use energy.
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