One Reason Oil Is Going Up

This quote shows you exactly how plentiful oil has been historically:

True to form, he sees oil prices headed higher still. At the end of the Q&A, we asked if he thought $200 a barrel is a possibility. His answer: "Sure, but I don’t know when. Meanwhile, I keep telling people that $100 for a barrel of oil is cheap. And they ask, 'How can you say that?' Well, it’s 15 cents a cup. Do you know of anything else we can buy for 15 cents a cup?"