Remember a few years ago when cars cost $12,000? And average salaries were $30,000 or so?
Who do you think works for oil companies and invests in oil companies? The people who make $75,000 and buy $30,000 cars. How are they supposed to be paid today? Remember, there are over 600,000 of them just connected to the top company.
We as a society have really digressed. Remember how we praised and honored great oilmen in shows like Dallas? But the 90s changed all that. Now oilmen are evil ghouls looking to destroy the world economy. How dare they charge an inflation adjusted price for oil. Am I the only one who has noticed that there other economic inputs rising as fast as oil. Anyone notice the price and shortage of cement? Of copper? Of Zince?