Oil prices are set by traders reacting to every rumor they hear, and trying to protect/obtain short term profits. The main problem now is not the supply of oil, but limited refining capacity. But, oil will continue to increase in price, which is not all bad, as it makes the recovery of the hard to obtain oil more profitable. Oil was underpriced for several decades. What we need is more refineries, which will not occur unless the EPA loosens pollution controls to a sensible level, which they aren't likely to do.
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Today's Featured Article - Talk of the Town: Repairin a Gas Tank - by Staff. This interesting discussion is from the Tool Talk Discussion Forum. Remember that safety is your first priority - make sure you know what you are doing before attempting a potentially dangerous activity!
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