1. Crude oil price has shot-up from about $18 to $100 in the last few years. In India petrol price has gone-up to Rs.55 and still may go-up soon. The biggest guzzler of oil is the US - has the price of gasoline gone-up so much there ?. If not, how do they manage the cost escalatioin ?.
2. Who is behind this crude oil price hikes ?. Where the money is going?. Its not opec alone who gets the moolah. Consumption of oil definately has not gone-up by 5 or 6 times in a couple of years, nor the availability has come down. Then what is the reason for the surge in prices ? Why nobody gives the real reason and tells the world who is behind it ?...
