"SR20GOER" wrote in message
...

Two, there is now more known oil in the world than there has ever been
in
the history of mankind.

Quite...and right now, a surplus is being generated. Where the surplus
is
going is into storage and reserves.


Funny you say that. Here in Oz the Arabs always seem to raise their oil
prices just in time for school holidays, holiday weekends, and so on.
Some
would suggest profiteering by the oil companies but our Government
watchdog
can never find proof, as the Govt creams a fortune in taxes on the fuel
sales.

You need to read up a bit on how oil trades on the world markets.