"Newps" wrote in message
. ..

If fewer people are buying oil, the oil companies need to increase their
price to the market in order to keep revenues and profit margins up. They
are public companies with market expectations, which further drives the
need for increased prices.


Complete and utter hogwash. One merely has to watch the market reports
and every time there is a down trend in demand or an uptick in supply the
price drops. If all our cars suddenly got 10 mpg more the price of oil
and therefore gas would plummet.

Like OPEC gives a crap about "demand"?