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Oil should be around $60/barrel right now. The problem is the markets are totally fake.
Everyone with spare cash invests in commodities these days, that's why food and oil prices are skyrocketing out of control. In the past, only the people involved in those industries invested in those markets, which actually worked to keep prices stable. Now, every bank, hedge fund, and secret fund all invest in food and oil and other commodities which artificially increases the price.
Using less oil will have zero effect on price. Supply and demand doesn't apply to most commodity markets anymore in the traditional sense.
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