The supply can be met; but it is'nt either way OPEC does have a major influence on the supply of oil. Its not like we are at a HUGE shortage. (Please correct me if i am wrong). Its just reminding me of the post 9/11 hike. Rediculous imo. I have tried searching though and cannot find a whole lot on this subject.
To me it just seems since American prodcution is down, the importers will raise there prices above the curve of supply and deman. Feeding off a false misconceptions caused by the storm. I hate it when humans become canabalistic parasites. There are a lot of things I don't agree with though, and I guess - I just have to deal with it(duh)
edit - Sorry, I mean I know that we have a low supply stateside, and that it will go up reguardless as it will cost it more to get over here. I blame both our government, and not so much OPEC for not producing enough of a reserve for emergenies. The price does seem to get overexaduatied though. When you think of how much tax is made of gass and look at the tax/gallon ratio, then take into concideration the hike... yeah - it is rediculous. Supply and demand should not rape.
bipper
