RE:If only I recorded these posts! The price of oil is a manipulated price by the powers that be. The most powerful manipulator right now is Saudi Arabia and they want oil in the $75-$85 range for a number of reasons. Social stability to avoid their version of the Arab spring and to maximize the sale of Saudia Aramco shares on the market. It's as simple as that. When the manipulating powers that be change or their motivation changes, the price will follow accordingly. In absolute terms the world is awash in oil. It's an artificial, manipulated price. IMO.