Originally Posted by
andy171773
Eh, there's a big difference though.. The oil industry is controlled by OPEC. One fairly small membered CARTEL that sets the output of oil from each country. If they wanted to, they could put a squeeze on oil supply that would drive the price astronomically higher.
I hope you're right, but I think it's going to take a summer of DRASTICALLY reduced American driving (which has already started its decline according to AAA, some 11 billion fewer miles driven(sorry no source, heard it on the news)) amongst other unforeseen things.
The oil industry is not solely controlled by OPEC and as a matter of fact OPEC's strength has been reduced a little (yes, notice I said a LITTLE) over the past few decades