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 - Third Brush Generators - by Chris Pratt. While I love straightening sheet metal, cleaning, and painting old tractors, I use every excuse to avoid working on the on the electrics. I find the whole process sheer mystery. I have picked up and attempted to read every auto and farm electrics book with no improvement in the situation. They all seem to start with a chapter entitled "Theory of Electricity". After a few paragraphs I usually close the book and go back to banging out dents. A good friend and I were recently discussing our tractor electrical systems when he stated "I figure it all comes back to applying Ohms Law". At this point
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