The oil price is working its way upwards. The consequences will slowly be entering the economies of all countries, oil producers and oil consumers in diverse ways.
After reaching US$ 140 the price is now under US$ 100, and OPEC is now reducing production.
Many interests are involved: What is the name of the real game?
The long term trend of the oil price is up. The oil will eventually run out – gradually – pushing the price – gradually – upwards. There is a brutal logic involved.