This topic is covered in several threads in P&OC however there are some attitudes that get to showing over there with comments.
I’ve read several stories in the news about the commodity investors making purchases that contribute to running the price up much higher then it needs to be. They buy it at a set price and hold on to it until they believe they have made enough extra profit on their investment.
Back in the 70’s, this type of action was made by the Hunt brothers in Texas when they ran the price on silver and again in the sugar markets up much higher then it would have otherwise gone on its own. Greed in their investments was the motivator.
Also affecting the price in the US is that our dollar is devalued by 70% and oil is purchased with the euro now. Seems we’re buying oil with Monopoly money because of the devalued buck however it’s no game for most of us.
Connect the dots 
~ if you figure out who devalued your money will help you figure out who you might want to be angry with. Your dollar is devalued, the economy is in the toilet, our jobs are offshore, and little or no regulations and control over the corporations to include the oil industry.
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