I find it funny that the world blames high oil prices on everything including increased demand, evil oil companies, and so on. Yet no one ever mentions OPEC! They are the one and only factor in this. OPEC nations finaly figured out that by reducing output the price would go up resulting in more money plus screw over the developed world. Heck Bush talked to the Saudi's about increasing production and the Saudi's responded by saying there is no evidence that production needs to be increased.
The oil company profits are only a drop in the bucket
Case and point.... look at Dubai