Answer: $30
Today's price: $132
Before the Iraq War, Oil was at $30/brl ($1.25 per Gallon at the pump), now Oil is at $132/brl ($4.00 per Gallon at the pump), which translates into about a $4000 Tax per year on a typical American family of 4. Also before Iraq War US Dollar was more valuable than Euro, now it is nearly worthless compared to Euro, to be exact the Euro is 60% more valuable than Euro.
So if we want Oil at $200/brl, which means $7 per Gallon at the pump, then lets keep Iraq War going which is what the lunatic Republicans and their bosses the (right-wing) Big media in US wants. There is absolutely no question that instability in the region leads to price increase in oil. If you have any doubt, look for spike on price vs. time graph during the Iran/Iraq war in the 80s and desert storm.
If we want Oil at $60-$90/brl ($30 is not going to happen, worldwide demand has increased dramatically and adjust with inflation), then lets end the Iraq War as a result of which Gas will go back down to $2.0 - $2.5 per Gallon and ALSO end $20Bill of our money (Taxes) being wasted every month due to the Iraq War and instead invest this money in alternative energy Cars and Renewable energy sources.
You know with just a fraction of our money (Taxes) that has been wasted due to Iraq War, we could have developed by now and had on the market plug-in Hybrids that would get 200 MPG and better and could have increased our electricity capacity by 20% from renewable energy sources such as Wind, Water, Sun, etc. to cover any additional electric consumption due to these plug-in Hybrids. All of which would have sent the price of Oil down to $40 per brl and even lower, or at the very least diminish our dependence on middle east Oil, and also create Millions of high paying jobs here in US for people working in these new industries. Both of which are happening to a great extent in Brazil and Germany, as a result of which their economies are growing at unprecedented rates.


Comments: 15
I am no economic expert but many of them have said it's demand that is creating the problem