This article doesn't make sense to me. If the problem with high prices are due to the REFINING of oil in the US, then why is the world price of OIL expensive. In other words, the oil is high even BEFORE it is refined. Doesn't make any sense.

Oil is high because of speculation / investing. Our behaviors haven't changed; hence, oil is really worth $120 per barrel. Otherwise, we would have dramatically changed our behaviors.

-Fatty