I'm no expert in world economics, far from it actually, but what other than total market fixing can dictate the price? Normal supply-demand mechanism is what they say now, due to closure of Hormuz. Less supply, higher price. Why does this not work the other way, say Venezuela or Norway opening up their valves, that should lower the price again? Why this doomsaying, indicating our reserves are just about depleted.

There is an abundance of oil, but somehow no one is opening them up. If that is not called price fixing... In my country price fixing is illegal, yet the gas stations all over the country sets the same price at 11AM, every workday. Only exception are along the highways, where prices are much higher.

Where is the supply-demand and the real competition?

These same friking executives have destroyed and killed people who invented cars using water and other inventions. They are making all these crisis because they are evil and want more money they are greedy demonic monsters.