Why have oil prices rised so high and when will these become cheaper?

Why have oil prices rised so high and when will these become cheaper? Why is middle east becoming so greedy? I heard USA has some oil fields in the mid east. If so, then why oil prices are rising? What happened to Quwait whom US had conquered? And what happened when saddam died? Does Iran not appreciate US for killing its enemy? Why is it still revenging US by raising oil price?Why have oil prices rised so high and when will these become cheaper?
It has nothing to do with supply, for the time being there is plenty of oil out there. Hiram is exactly right, it's price speculation. In essence, people are running up the price by buying into it. The government could do things to bring the price down, but will not do it. The feds are not interested in having another industry crash, like the housing market.Why have oil prices rised so high and when will these become cheaper?
$$$$$$$$ is the answer for your first question. Dream on about prices at the pump getting cheaper, kinda like taxes getting cheaper? For the rest of your question...America is the FIFTH BIGGEST crude EXPORTER in the world.


What YOU need to know... natural resources, including crude are both owned by YOU %26amp; ME as citizens of the USA, NOT crude extraction contractors(Exxon etc,) nor the federal government.. Contact your federal reps %26amp; ask them why our crude is not being kept at home!


While your at it ask your reps what they are DOING about the EPA making the application %26amp; construction of new refineries literally impossible.
Lots of bullseyes so far. We don't drill enough of our own, we didn't really conquer Kuwait, the opposite actually, we liberated it (in theory). Iran's crazy, they hate us and they want to stick it to us bad. The oil producing countries like controlling the supply, and keeping the price high. And speculators drive up the price whenever anything of interest happens in the Middle East (every day in other words). And China and India are growing every day, and they require more oil to fuel their economies. Demand goes up, supply doesn't, price goes up.





It all sucks. Our government should have seen this coming years ago.
Oil is high because the dollar is low, regardless of what the medias day to day reasons are. The real reason is that the dollar is doing terribly, and we keep borrowing more money from the Chinese every day.
They will not become cheaper - ever again.





The US didn't conquer Kuwait.





Iran dislikes the US for our interference in the M.E. and for our support of Israel.
We didn't conquer Kuwait nor have taken over the oil of Iraq. It's high because the oil producing countries aren't producing enough. They are keeping the price high by managing the flow of oil.
Go check the oil industry stock prices, its investors buying into the market, creating a bull market within the oil industry.
Speculators and politics has a more profound effect on the rise and fall of oil price than the fundamentals of the market.
the US has a 50 year oil reserve to run the country the way it does today thats what i herd we havent taped into it yet??





gas is 4.30$ in nyc queens......... crazy dude
When those who are controlled by, and are a part of the oil industry leave the White House.
Its because speculators raise the prices every time a middle eastern dictator farts
Dems wont let us dig for oil in America so we have to buy from other countries and they are charging us a lot for the oil