Why did all of a sudden oil price went high? isn't there anything government can do?

why did OPEC decided to screw us?Why did all of a sudden oil price went high? isn't there anything government can do?
We truly have done most of this to ourselves.





The fighting in the middle east is a large part of the price increase. There are many, many more speculative buyers who are betting on future supply issues, and they are bidding the price up. Israels comments regarding Iran caused this type of buying to surge today - raising the price.





In calculations of the cost of the war in Iraq, experts put this speculation cost at $30-40 dollars a barrel.





The other big factor is that oil is traded in dollars, and the value of the dollar has been dropping. So, our trade deficits are actually making oil more expensive too.Why did all of a sudden oil price went high? isn't there anything government can do?
The people that are hedge fund investors need to be found guilty along with bush for not regulating this industry more and all need to be placed at Guantanamo Bay.





Besides, they are trying to get as much money as they can before the cuffs get slapped on them. You have to remember the 4th of July and Hurricane season is here so they will probably really rake consumers over the coals with some speculation that is unreal forcing the price of oil and gas higher.





This is a scam that is able to hide behind legitimacy because of the Bush administration.





Hedge Fund investors became billionaires because of Bush.
Today Israel announced it may be forced to attack Iran to stop the possibility of Iran building its own nukes. Israel already has 150 nuclear missiles provided by the USA.





Please note that shortly after the threat from Israel, the price of crude make a record jump to $140 per barrel. All this is connnected. Maybe we should not have armed Israel but, now, maybe we should get those 150 nukes out of Israel. That is what we should do.





Get out of the Mideast, return 150 nukes, and nationalize American oil companies and draw up and fund a real alternative energy program (solar, nuclear, converted coal etc.). Provide huge incentives to the auto industry to build ultra economy vehicles and like electric scooters etc. Rethink the entire infrastructure and stop trying to reinvent the wheel. Europe is doing much better in that regard than the USA. Use some brainpower to change the fundamentals. Think out side the box and come up with things like the first prototype city with hydrogen distribution outets. No tax on the first hydrogen cars etc. etc. Maybe return electric trolleys in all cities. You come up with one let us hear you plan. A long trip begins with the first step.
NO there's nothing the government can do. That's not their job nor should it be.





EDIT: Oh yeah, I forgot. LET US BUILD REFINERIES %26amp; DRILL FOR OIL! But that would be just getting out of the way. They don't have to DO anything.
The only thing the government can do is loosen the laws so we can build refineries and drill here. By the way OPEC does not decide the price of oil, that is a common misconception.
Why we think OPEC decided? Democrats (during Carter's time) decided not to build refineries, not to drill here.


I am suprised it took that long.
Very had to believe a $11 jump is justified and our government is so mum on it all along and now one oil company after 30 years decideds to build a refinery
bush-cheney must've gotten scared and welched on some backdoor dealing and they're punishing us...