We're smart. We know whats going on in the world around us, we should be able to figure out the actual cause of high crude price. I'm aware that there is 75 other oil threads, however most of them are full of people's very emotional opinions. The threads are many, but the facts are few. Maybe we can begin an intelligent discussion on the price of crude and the factors leading to it's sharp rise. If you are going to site statistics please provide a working link to support. The blame has been placed on speculators with politicians remarking that there hasn't been a sharp rise in demand in the last 6 months so it has to be speculation driving up high crude prices. The speculators usually respond by saying that there are equal amounts of net long and short futures, so of course it can't be speculation. So what is causing the rise in crude oil price? Once again, let's keep it emotion free, that way we have a better chance of digging up some answers.