There is alot of oil in Iraq and gas prices are still rising.
2006-06-26 20:19:38 · 10 answers · asked by christyxy777777 5 in News & Events ➔ Current Events
Saddam has nothing to do with OUR gas prices. it was the hurricane in louisiana that made them go up. also it's not like we can go in and take all of Iraq's oil. it's not our country to control. it still has a gov, the last time i checked. just the leader has been over thrown. also it's the summer so the gas prices go up cause everyone goes on vacation and such.
2006-06-26 20:24:40 · answer #1 · answered by Cirque Du Freak 4 · 0⤊ 0⤋
Our oil primarily comes from countries other than Iraq. Gas prices are set by a commission of petroleum producers, who base it on demand. When demand for gas rises, so does prices...when demand recedes, prices go down in order to encourage more purchases. There is a limited amount of oil left in the world, and it's growing smaller every year. Expect that gas prices will continue to rise - as a consequence of continued lessening supplies as well as increased costs incurred by gas companies to find more oil in new places.
2006-06-27 03:25:23 · answer #2 · answered by Buster Van Buren 3 · 0⤊ 0⤋
Unlike the drumbeat of leftist anti-American propaganda promulgated both abroad an within the U.S. including the self-serving "wannabe" intellectual, Michael Moore, U. S. troops did not enter Iraq for its oil or to enrich Dick Chaney. Iraq's oil belongs to Iraq. Its infrastructure have not been rebuilt yet so a lot of the oil has not entered the world market yet. This is largely due to terrorists in Iraq who continue to make ware there.
2006-06-27 04:26:45 · answer #3 · answered by Track Walker 6 · 0⤊ 0⤋
The price of oil depends on the supply and the demand for oil. China's demand for oil now equals that of the United States. When the demand increases and the supply goes down, the price goes up.
2006-06-27 04:27:07 · answer #4 · answered by Spartan Rob 3 · 0⤊ 0⤋
The war was not about oil, it is about the Freedom. Gas will continue to go higher cause the Economy is taking a hit.
2006-06-27 03:29:38 · answer #5 · answered by Kelly,TX 4 · 0⤊ 0⤋
The oil is still Iraq's oil. Despite what you might have heard
2006-06-27 03:23:36 · answer #6 · answered by DARTHCARL 2 · 0⤊ 0⤋
because this was the will of president bush, he wants to take all the Arabian oil just to increase his capital not for peace or other things as he said before, so the price of oil increased
2006-06-27 03:54:42 · answer #7 · answered by omar g 2 · 0⤊ 0⤋
because saddam is not the one who the US is buying from. we are buying from Benlotten
2006-06-27 03:26:56 · answer #8 · answered by monay 1 · 0⤊ 0⤋
Because Saddam does not own "the big three"
2006-06-27 09:52:11 · answer #9 · answered by Grandma Susie 6 · 0⤊ 0⤋
Learn economics.
2006-06-27 03:23:12 · answer #10 · answered by Sam_Erson 1 · 0⤊ 0⤋