Oil is up in the $90-$95 range per barrel and it is causing winter time record gas prices. Opec has announced that they are not increasing production because they believe $100 is a far price. Obama has just instituted a seven year ban on offshore oil drilling in large areas of the gulf of Mexico. We are experiencing record conditions this winter. The oil industry is recovering from the Deep Water Horizon rig explosion and the six month moratorium on drilling and exploration. And the value of the dollar and European currencies is dropping relative to commodity prices due to loose monetary policy, deficit spending, and money printing. So which is most to blame for the oil prices being so high?