One of my never-ending pursuits has been to find out why on earth is Oil so expensive. I have often wondered if pricing is always a function of demand and supply (or the mismatch between demand and supply - or worse still, perceptions of future demand and supply), then oil should be trading upwards of 200 dollars to a barrel. Afterall, the supply is decidedly controlled and far less than the projected demand - where 'D=fG'.
To compound matters, the various varieties of the liquid gold and the volatility in their spreads makes it further more intriguing. While this issue of its variants is not the subject matter here, what is debated in the link below is why at all oil is where it is and not where it should be. Please read on:
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