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Well some say it's a hoax by the government, and that we have plenty of oil, and others say oil is simply becoming a scare natural resource.
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It can be both reasons. Government can play such hoax around the Globe but they might have good plans to get better results after they play such hoax.
Others, There are many alternative energies created in different parts of world, why not give attentions to that instead of oil price raise. People should protest this thing and force Government to use alternative resources.
I think oil price in US will rise again this month.