Take all excuses, throw them against the wall. They all seem to stick :)
Primarily, we know oil is fungible (it's price reacts globally since it's so easy to ship), and reacts strongly to marginal changes in supply. A small shortage creates large price increases, and vice-versa.
My favorite excuse of the month in the U.S. currently is "It's the weak dollar!" That's nice, but it doesn't explain why European and other nations have seen their prices go up just as much.
Bottom line: Either let the corporations invest in new facilities and technologies to increase production and drive down costs, and properly regulate those corporations to they don't engage in monopolistic activities, or live with the consequences.
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Today's Featured Article - Madison's County - by Anthony West. Philip Madison has been a good friend of mine for quite some time. He has patiently suffered my incessant chit chat on the subject of tractors for longer than I care to remember, and on many occasions he has put himself out, dropped what ever it was he was doing, to come and lend a hand cranking handles, or loading a find onto a trailer. Although he himself has never actually owned or restored a tractor, he was always enthusiastic and always around helping with other peoples projects.
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