2006-06-18 21:00:57 · 18 answers · asked by Anonymous in Politics & Government ➔ Other - Politics & Government
Peak oil
Emerging industrial nations raise demand
Price gouging
production slowdowns
collusion
2006-06-18 21:11:41 · answer #1 · answered by Weatherman 2 · 0⤊ 1⤋
Most of the answers are from Americans who seem to think its only in the US....like they care about the rest of us...the price of a barrel of oil is much the same all over the world, and set by speculators, just the same as prices on the stock market. Supply and demand factor into it, and certainly the amount of new oil discoveries is dropping as the amount of oil consumption rises, but this alone will not account for a 69% increase in oil prices in one year! It is based on fear of stability in oil production, which was shaken with Gulf wars, Iraq, but most importantly the trouble in Nigeria. Venezuela is a huge producer and President Chavez nationalised the oil companies and kicked out the foreign ownership, and now the US buys much less from Venezuela. Oil company profits have never been larger. We are all addicted to our cars and wont take other means to move around or stay warm...Bush has very little to do with this oil price rise....let's not blame him for everything.
2006-06-19 05:08:31 · answer #2 · answered by cbmaclean 4 · 0⤊ 0⤋
The fuel prices are rising. That's what's going on!
2006-06-19 05:07:17 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Nuke Iran and Venezuela... go in there with radioactive suits and start pumping the stuff our way ... would be like 80 cents a gallon.. 50 if the oil companys weren't so damn greedy.. they have had record profits every fiscal quarter for how many years strainght? they justify them with improvements to facilities.. shouldn't we get a say on that? We are the ones feeding their overstuffed pockets.
Get a car that runs on veggie oil.. it is time for the poor farmers to get filthy rich instead.
Seek alternative energy transportation.. major car manufacturers are spending millions yearly buying out the patent rights to everything that comes along for battery and solar powered vehicules to protect themselves from the inevitable... gas is nearly extinct.. its all supply and demand .. less supply .+. more demand.. = very high prices..
figure out what option best works for you...
but please... will ya lemme know before you start slinging the nukes?
2006-06-19 04:11:07 · answer #4 · answered by lost_but_not_hopeless 5 · 0⤊ 0⤋
Don't know for sure but I do know that the heads of almost all major oil corporations are American, and they are making record profits, when there is increased demand you can get away with the same price and still keep making massive profit, and it does'nt help to have someone from an oil rich family in the presidency. It is way way more complicated than "the Arabs are screwing us", don't get me wrong the arabs are screwing us, but so are the russians,the Brazilians, and your good ol' American corporate CEO's
2006-06-19 04:22:26 · answer #5 · answered by JoeThatUKnow 3 · 0⤊ 0⤋
What's going on?
Well...
Oh no! The fuel prices went up!
2006-06-19 04:02:46 · answer #6 · answered by Anonymous · 0⤊ 0⤋
Bush is an oil man. He and his buddies are benefiting greatly from the world situation right now. And environmentalists won't let us drill for our own oil like South American nations do. Our world is going to hell in a handbasket. :'(
2006-06-19 04:06:01 · answer #7 · answered by Anonymous · 0⤊ 0⤋
demand is outstripping supply. Time to look at alternative fuel
2006-06-19 04:07:59 · answer #8 · answered by RR R 1 · 0⤊ 0⤋
Iran is raising their prices for us. Or is it Iraq? They're all the same so I guess it doesn't really matter.
2006-06-19 04:02:19 · answer #9 · answered by heather47374 4 · 0⤊ 0⤋
Bush needs to go on another vacation
2006-06-19 04:03:27 · answer #10 · answered by ashley c 2 · 0⤊ 0⤋