When you’re young, you look at television and think, there’s a conspiracy. The networks have conspired to dumb us down. But when you get a little older, you realize that’s not true. The networks are in business to give people exactly what they want.
Like any business, the oil industry runs on the basic premise of supply and demand. The more supply – the lower the price. The higher the demand – the higher price. In other words, the more people who can buy oil, the higher the price of oil.