The price of any commodity is controlled by 3 things, supply demand and medium of exchange. You all keep going back and forth with “neener neener neener” about the politics of supply and demand with nary a word about the medium of exchange. It is unarguably the largest contributor to the rise in the price of oil over the last 6 months.
Supply has not noticeably decreased in six months, demand has increased, but linearly, not parabolic. What has changed is the value of those green FRN(American Pesos) you use to purchase the oil.
Those who argue only one side of the supply demand argument are simply interested in scoring cheap points.
