OnlineSid

I think the expensive oil price has to do with Athabasca Oil Sands in Canada, the largest oil deposit second only to Saudi Arabia. The upside (to the West) is that Canada is a Western country, the downside? It is expensive to extract because the oil is in the sand and they have to separate them first using a giant boiler. E.g.: not as cheap as milking the oil out of the ground.

Now, if the Western countries are to reduce their dependencies to Middle East, they must start looking for alternaltive to cheap oil. And guess what’s an alternaltive of cheap oil is? Expensive oil!

The time is right to sell to the public that oil is expensive because of the war in Iraq and high demand in China and India. With the public convinced that the high price is caused by those ‘genuine’ reasons, if Saudi Arabia decide to cut off some oil supply, we can just switch to Canadian oil and the public would not notice the price (because it is already high). In other words, the high price is a conditioning excercise.

Ofcourse being a conspiracy theory, the high oil price might just be caused by war in Iraq and high demand …