Though oil has many problems and so does the whole world as a result(like the continuing economic world downturn) I'd like to discuss something more specific to now.
The normal price for oil under these present conditions would be about 25 dollars a barrel. However, because so many people are investing in oil as a commodity it is artificially inflated to 75+ dollars a barrel. Now, this is a really big deal because in many countries this is the difference from coming out of this downturn or not, including the United States and Europe. So, because so many investors are invested in oil in this way, the world economy can't catch a break so it can recover. It is one of a myriad of ways that is artificially preventing world economic recovery.
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