Oil prices

Oil is very important to our lives. We can find oil almost everywhere: plastic, fuel, building material and other substantial things. Nowadays one of the most important matters is oil price as it is frequently changing. “The crude oil price cycle may extend over several years responding to changes in demand as well as OPEC and non-OPEC supply. The Organization of the Petroleum Exporting Countries (OPEC) (a cartel made up of Algeria, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, the United Arab Emirates, and Venezuela)” is adjudicating oil prices ( ). If there is a necessity they congregate and deal with what the price should be.
One of the main reasons why oil prices increase is war in Iraq. Iraq has one of the biggest crude oil pools, so oil is one of the bargaining chip for them. Also Iraqi make a lot of new, cruel guns, using the oil because they want to be stroger than America as they are scared of Americas‘ invasion. America is attacking them, because they want to comandeer Iraq‘s oil. For this reason Iraq is forced to increase oil prices as oil is the most important „gun“ for Iraq against the America.
Furthermore, violence in the Middle East involving mainly Israel and the Hezbollah was another reason why oil prices were increasing. Some people say that war between Israel and Hezbollah is just because of their different religions, but another part says that both sides are ready to kill as many people as they need just to get crude oil.
Another problem why oil prices were increasing was hurricanes. In 2005 Rita and Katrina were destroying everything in their way. Many of pipelines to the East cost were damaged, so America had to find another way how to transport oil to the East side and...

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