About Oil Prices

Masseur_at_Play asked:


It appears that Iraq is going to start producing a lot of oil due to its newly installed government and the over all war effort of the U.S. and talks on how Iraq can improve itself through increased oil commerce. Iraq has enough oil reserves to supply the U.S. with a good 70 years of oil, but as we all know the gap between oil supplied and oil used is what greatly determines oil prices and this gap can easily be covered, and covered in excess, by Iraq. As such, how long do you think oil prices will continue to remain high?

Beverly

the keeper asked:


americans are complianing about the oil price than the rest of the world and at the same time oil price in many countries inthe world are way more expensive the the US i am from canada the second largest oil producer inthe world secong to saudi arabia and the oil price is way higher than the gas in the united states many canadians are going to the states to get gas.

Zachary