80% of the world's known
oil supplies are coming from countries that are run by dictators, military or royal families. They want to maximize the dollar return. The worldwide demand has gone up tremendously, especially in India and China.
The price increase is probably 90% due to increased demand, while the supply has been held back by the exporting countries.
We got to start building more refineries and start drilling where we know there is
oil on our land.