In 2005, global oil production was 84.6 million barrels per day, and consumption was 83.6 million. Today, those numbers are 86.5 million and 86.4 million. That slight tightening hardly justifies the tripled price.

Huh!? Someone has difficulties with maths: the tightening is from 1 million to 0.1 million barrels, or more appropiately, from 1.2% to c. 0.1% of supply!

_{*Lunatic*, n.
One whose delusions are out of fashion.}