pundits on television keep asking why the price of oil is going up. Most estimates indicate we have already used up 50% of all the oil that was ever on earth, and we are now working on the remaining 50%. There are 6.4 billion people on earth, and we are adding an additional 80 million per year. The two most populous nations, India and China, have a rapidly growing middle class who want to own cars and drive. The whole world wants to consume like Americans, if they can. I never even took an economics course in college, but the supply/demand curve here is a no-brainer. I predict that in my lifetime (and I'm 61), I will see the day when we remember how cheap oil was in the good ole days at $100 a barrel.