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The falling oil prices have been deceptive. OPEC is making record cuts to remove millions of barrels of oil from the market to create a fuel shortage so the price will go up to. They hope for a 'bottom' price of $75 a barrel. But OPEC countries aren't alone in their desire. Producers from marginal oil fields, such as the Canadian tar sands and costly-to-maintain older wells need higher income to remain in business. If the U.S. refuses to develop its offshore and Alaskan oil resources, higher gas prices are inevitable. Can we do anything but stand aside and watch prices go up?
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