[Cliff]

If we (The world as a whole) would consume and fly less the price would go down. One of the inflators is the demand for aircraft fuel and diesel. There is plenty of petrol/gasoline.

The USA uses 25% of the entire world production of crude. If the USA alone would decrease their demand or use thee price would go down. However they have not increased there use in years. China and India are coming online and increasing total world demand.

Cheap energy/crude is no more and will not return. Don't look for prices to go down. $2.50 a liter might sound expensive but it will go way beyond this. The oil companies are reaping a benefit because they have long term contracts and have control the oil from the time is comes out of the ground until it goes in your car. If the price of crude went way down they would be losing money which is NOT likely to happen.

A least there is fuel. Imagine if there was a shortage instead of high prices.

Cheap energy is gone and isn't coming back. We need and must change our ways and I am talking everyone. Walking, using the bus will become more common. Using the car will become a luxury not a something you automatically do. The price of gas will go a lot higher it will surpass the $2.50 mark and that will seem cheap in the future.

I sound like a greenie but I am not. Just know the world has changed and we are in the midst of this change. Don't look for crude prices to stop until it hits $200 a barrel. This is a resistance level and it may stop there for a time.