U are so correct
While middle eastern Sheikhs install Solid Gold Thrones in there Toilets , rest of the world has to pay through its noses for oil
True, but also please don't forget the fact that governments around the world including India treats Fuel as a cash cow. I heard that more then 50% of the price of petrol in India is various tax.
For the development of world economy Oil has to stay at 70 dollars a Barrel anything above that leads to high inflation which will lead to slowdown , which will lead to prolong recession
I am beginning to wonder that if Canada had so much oil , and Canada along with Saudi Arabia are virtually the 51st and 52nd state of USA , then why the hell did USA invaded Iraq
Did Canada refused to sell oil on the cheap to USA
I believe Canadian Oil is mixed with sand and its very costly to refine it and more costlier than middle east oil which is considered one of the purest in the world.