We have been experiencing continuous increase in Oil in the World Market, and every week it never stops increasing .

I just wonder , why are we having this uprise in Oil?

Are we having shortage naturally or it's from an effect of something.
Are these Oilmakers hoarding it?

Pls inform me if I am threading a thin line here.

But it's just my dumb moment.

My grandmother used to joke: "We need to rush to the store and beat the hoarders to the sale!"

The price increase is due to embargoes - The war in the Middle East.

Honestly, I think that it is much more about demand than supply. The seaboard area of China and parts of India are getting richer, and people are consuming more energy there. Of course, their consumption on a per capita basis is still way below Western standards, but it's still growing demand. The bad thing about that it that it is, IMO, a fairly long-term issue and not something that will suddenly go away. Supply is increasing, but not enough to meet the rise in demand.

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As above, so below

The answer is quite complex and involving a number of issues, not the least of which is fear (people's fear of the limited availability is partially responsible for the increase in price) as is the increased usage by developing nations:

Citation

IMO - the continued high price of oil may be a good thing: in that it makes investment into alternative energy sources a competitive investment. The increased investment into solar, nuclear, wind and alternative fuels can only benefit us in the long run. Absolute (or over-) reliance on only a single fuel/energy source is detrimental to the global economy, as we're all learning...

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Talent develops in quiet places, character in the full current of human life.
- Goethe

Jump in with both feet!
- Me, indulging my inner eight-year-old

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"Are you a mad-hatter that just types what he wishes, or have you actually any physics training?"
Occam's Ghost to Grant Hutchison.

So that means , it's the increasing demand in consumption of Oil that causes its uprising and not just because somebody is keeping it from consumers.

If that is the case do we have countries or scientists who are looking for more resources of oil . The alternatives now are becoming visible , biofuel, fossil fuel, hydroenergy , solar energy. Does that means oil is gradually disappearing and soon it will be replaced by these alternatives?

Yep. Accessing offshore oil resources is one method...

There is also deep water oil.

But:
Citation

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Talent develops in quiet places, character in the full current of human life.
- Goethe

Jump in with both feet!
- Me, indulging my inner eight-year-old

*** *** ***

"Are you a mad-hatter that just types what he wishes, or have you actually any physics training?"
Occam's Ghost to Grant Hutchison.

Are We in the Peak of an Oil Bubble?

"By analyzing oil prices over the past four years, the researchers have demonstrated more support for the hypothesis that the recent oil price run-up has less to do with supply-demand interplay and more to do with speculation."

"A comparison of supply and demand showed that, most recently, supply has been exceeding demand by more than a half million barrels per day. Meanwhile, the price continues to increase. Since it appears that the supply-demand balance has only a small effect on the price of oil, the researchers suggest that a major effect lies elsewhere. They point out several reasons why speculation, fed on rumors of rising oil scarcity, may be the positive feedback causing high oil prices."

IOW, fear mongering for profit.

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"Where the telescope ends, the microscope begins. Which of the two has the greater view?" - Hugo

"Men occasionally stumble over the truth, but most pick themselves up and hurry off as if nothing had happened." - Churchill

That's another possibility . These Big companies wants to control the market to gain profit.

I think we should boycott the oil companies until they cut their prices.

Oh, yeah, I live 2¼ miles from work and bicycle there and back.

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Life is like a box of chocolates. All of your choices are bad for you.

The answer is simple - increase supply of energy, not oil.

GO NUCLEAR!

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I am Mugs, of the Alien clan of Usa, Nordamerica, a Terran, of Sol. Human.

Whoever says "perception is reality" is daft. It's merely an abstraction, and often not a very good one.

You know, it already started here , in my country. The bicycle companies are happy because their sales have gone up.

I agree , it will also lessen the pollution plus , it's a good exercise!

There is no way I'm going to load up 500 lbs of tools and machinery onto a bicycle and pedal 30 miles to the first Job Call and then 20 miles to the second, 15 the third, 40 to the forth (San Marcos or Wimberly?)...

You boycotters can kiss my tailpipe

Some people just don't seem to be able to cooperate with others.

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Life is like a box of chocolates. All of your choices are bad for you.

Well, that oil wil be more expensive due to higher extraction costs. But those reserves will greatly reduce the uncertainty as to oil avalability, which is fueling speculation in the futures maket. That speculation is reponsible for at least Us$ 1 in current US gallon prices.

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If you're careful enough, nothing bad or good will ever happen to you.

Better watch out for the lions/dogs on the prowl then and make sure you can pedal faster than 59km/h (40mph)

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Great minds discuss ideas,average minds discuss events,small minds discuss people.Admiral Hyman Rickover.USN.

"Make the most of every day like it could be your last, enjoy each others companyas this will make good memories for when we pass". chrissy

When I figure it all out I'll be sure you let you BAUTers know first!

There's your answer then. A cartel of bicycle companies have obviously colluded to stockpile all of the oil so that people are forced to buy their product. Those cunning fiends!

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"I'd take the awe of understanding over the awe of ignorance any day." - Douglas Adams

"Certainly, in the topsy-turvy world of heavy rock, having a good solid piece of wood in your hand is often useful." - Ian Faith

wuss..

With pride...