"There is treasure to be desired and oil in the dwelling of the wise; but a foolish man spendeth it up."  Proverbs 21:20

Why Are Gas Prices So High?

Almost everyone has their own idea of why gas prices are so high.  Some blame the government, others blame commodities speculators, others blame the Arabs, others blame the oil companies, etc.  While many of these theories have some semblance of credibility the biggest reason that oil prices continue to rise is because of unrelenting international demand.  Many countries that just a few years ago imported no oil are now some of the leading oil consumers.  It used to be just the United States and a few European countries that imported oil.  However, in the last few years a new major player has emerged from the Far East – China!  Read Article

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