If we had pursued what President Nixon declared in 1970 as the war on cancer we would have cured many strains. I think Jack Kemp would be alive today. And that research has saved or prolonged many lives including mine.
Like any business the oil industry runs on the basic premise of supply and demand. The more supply - the lower the price. The higher the demand - the higher price. In other words the more people who can buy oil the higher the price of oil.