Gov to investigate oil price

Citing market manipulation of oil prices, the government want to launch an investigation to uncover how the cost of fuel is being determined. It is possible that speculators have bid up the price of petroleum, but I feel that peak oil is here.

Most people are not aware of how bad things are, future oil prices will soar due to a decrease in supply and an increase in demand as nations like India and China move away from the bicycle economy to an automobile economy. The transition from bike to car means a lot more demand for gasoline.