Why does oil prices increase over the years??

why is it increasing??





Is it coz of supply??





I don't see demand really affecting it... or is it??...





Is it an economical issue or a political one?





Whats the exact reason then?....Why does oil prices increase over the years??
how dose food get to u? you going to the store by a car


how dose the food get to the store?by plane, truck and boat.


What dose a car, a plane, a truck and boats need? oil.


so if everyone in the world is useing oil JUST to go to the shop, what do u think will happen? oil will run out.


so if theres no oil theres no? food.


so oil is going down fast... so that means oil prices are going to go? up with food prices


so that is why some people are moving from the city to the country so they can have there own cow, chickens, veges, pigs, ect.


so i sugest move to the country while its cheap!Why does oil prices increase over the years??
I believe that the reason is because the demand for oil has rapidly increased over the years. Also, OPEC, the worlds largest supplier of oil is a cartel and acts as such to manipulate prices and control supply.
new orleans was our oil storage city but katrina wiped out the storage tanks :-)
You answered your own question. It is because of supply and demand, and yes, it is a political one.





Same holds true for the value of the dollar
Because its getting more scarce.
i think that the prices of all the products are increasing all over the world not just the oil products, and this is neither due to the supply nor to the demand, it is related to economical and political issues. it is related to economical issue to feed all the big company and also since oil products become more expensive than the gold.


besides, it is also related to political issue since most politics have some business in oil and energy.