What causes high oil prices?

Why are our lawmakers, Dems and Repubs alike, continuing to foist lies on us about the reasons for the high costs of gasoline? Could it be that they're incompentent, or looking for a shield for their own bad energy policies, including taxation? This is an enlightening tidbit from OPEC:

What causes high oil prices?:
"...Sentiment is also an important factor: if traders in the oil market believe there will be a shortage of oil supplies, they may raise prices before a shortage actually occurs. Other factors influencing the price of crude oil include accidents, bad weather, increasing demand, halting transport of oil from producers, labour disputes (strikes) as well as other disruptions to production including war and natural disasters.

"Crude oil now represents less than a quarter of the price of oil products in many countries. Therefore, taxes have more influence over the price of oil products. When oil taxes are raised, end consumers often mistakenly blame the oil producers, but it is really their own governments that are responsible."

So much for Obama's windfall profits tax on oil producers as a means of lowering gasoline prices.

Just goes to show how little he knows.

When in high school, Yogi Berra didn't do too well. His teachers asked hin, "Don't know anything?" His response: "I don't even suspect anything."

So it must be with Obama.