Why has OPEC cut supply except to make more profits to make up for the fall in the dollar? It's inflationary pressure chasing inflationary scheming.
Well, we need to change from polluting fuels regardless.
The world should have done this in the early 1970s when the need for environmentalism became hugely clear. Only the pre-Reaganite devils were against it.
Germany in call for ban on oil speculation
By Ambrose Evans-Pritchard
Last Updated: 12:53am BST 27/05/2008
...Norway's suspension of crude output at three platforms, cutting supply by 138,000 barrels a day.
The news comes as Lloyd's Marine Intelligence reported Opec oil shipments fell by 1m barrels per day in the four weeks to May 4, confirming suspicions that the market has been chronically short of supply.