I do not think it is an exaggeration to say history is largely a history of inflation, usually inflations engineered by governments for the gain of governments. – Friedrich August von Hayek
Like any business, the oil industry runs on the basic premise of supply and demand. The more supply – the lower the price. The higher the demand – the higher price. In other words, the more people who can buy oil, the higher the price of oil. – Ron Wyden