[Will.]

Originally Posted by Kizzy

Why is oil at an all time low, who isn't using oil?... Is there a glut of oil?

Our teacher was talking about this,

Apparently too countries in the middle east (I've forgot) are different Islam denominations and they are competing against each other to sell oil around the world.

So they keep lowering the price again and again, which obvs results in really cheap oil.


I could have got this all wrong, this is how I remember it.