How old does one have to be to understand the concept of supply & demand?
Oh yeah! Many of the same folks screaming "Greed!!" are the same ones who are (were) happy watching their homes appreciate at 10% a year. No screaming of greed there! Same supply & demand process at work.
Get used to these prices and MUCH higher. Read the peak
oil website. edumacate yourself. Of course, there is no investment bubble here. It is what it is.
Oil companies are making record profits because of record demand. Supply problems mean they, and us, have to pay higher prices, but the high prices appear to be doing very little to curb demand, which of course means prices will stay high, and
oil profits will be high.
Of course, if you wanna believe the tripe about greedy oil companies, be my guest. Ignorance of how things work will always be with us.
Solutions are:
1.) Conserve
2.) Build more refineries
3.) Drill for more oil
4.) Develop sensible alternatives (nuclear, hydro, bio, etc)
5.) Vote for trues conservatives (political)
Mike