Is George Bush, an oil baron, making money at our expense? After all, He doesnt have to worry about being re elected, and the laws he has had passed while in office will be the same laws he is under after leaving office. Would he make more money by passing laws that help his oil business when out of office?
2006-07-05 18:23:12 · 13 answers · asked by Darqblade 3 in Politics & Government ➔ Government
of course clifton. this is why most people become polititians.
2006-07-05 18:27:48 · answer #1 · answered by fooz1 4 · 0⤊ 1⤋
Do your research. Oil comes from OPEC. OPEC is a monopoly owned by several middle eastern countries. Iraq was one of them but because of the war right now, it's excluded. And we DON'T own Iraq. The reason Oil prices are so high is because the Demand for Oil is higher all over the world. European countries have been paying these prices for years now.
More and more people around the world are driving cars and demanding more and more oil. China is making a shift from bikes to cars.
So OPEC is setting prices however high they want because the demand is high. If you want to learn about Supply and Demand, please take an economy class.
2006-07-06 01:34:03 · answer #2 · answered by ritejoker_1 3 · 0⤊ 0⤋
Besides the fact hat we haven't harvested the oil from iraq yet.
Hurricane Katrina damaged a large amount of oil processing plants, the factories that make gasoline. During the next five years, after the US boosts production of the refineries, the price of Gasoline should drop.
2006-07-06 01:29:39 · answer #3 · answered by Swampy 3 · 0⤊ 0⤋
The USA is sitting on the largest oil reserves in the world. The country buys oil from other countries and hordes it's reserves so it can be the oil leader someday. Also, we can't tap all of our oil due to laws put in place to save the environment.
2006-07-06 01:29:06 · answer #4 · answered by Lil D 4 · 0⤊ 0⤋
iraq people own the oil and many of the rigs and fields are constantly being hit by the terrorists. iran holds the biggest land of oil in the world. we produce 25 percent of our oil and buy mostly from saudi arabia.
2006-07-06 01:30:41 · answer #5 · answered by hollywood71@verizon.net 5 · 0⤊ 0⤋
He would, but I don't think he really looks to the future. Besides, God talks to him, or so he claims, so he should be fine.
One reason the Oil is so much is because the Iraqis keep bombing and burning their own oil fields just to keep it from the Americans.
2006-07-06 01:26:43 · answer #6 · answered by Anonymous · 0⤊ 0⤋
He will still get money from the government even when he is no longer president. Sounds pretty stupid if you ask me. People are greedy you see what happened to Enron.
2006-07-06 01:29:06 · answer #7 · answered by lostinlove 6 · 0⤊ 0⤋
Very simple the market will bear it,i.e. we the consumer pay and have not let the price affect other parts of the economy.
2006-07-06 02:35:00 · answer #8 · answered by Dan B 4 · 0⤊ 0⤋
See what happens when you ask dumb questions like this, you get even dumber answers from people like Ms. Frankenstein ( Aron), that has obviously fallen off her medications.
2006-07-06 01:39:24 · answer #9 · answered by JUNK MAN 3 · 0⤊ 0⤋
the price is high because of O.P.E.C. they set prices and because the U.S.A. is not stealing Iraq's oil. the people who keep saying we are their for oil are wrong.
2006-07-06 01:30:29 · answer #10 · answered by biggun4570 4 · 0⤊ 0⤋
because the greedy rich bastards gets richer n' richer while the poor gets poorer n' poorer. GREEDY! bush doesn't care.
what comes around goes around!
2006-07-06 01:31:25 · answer #11 · answered by natanya 2 · 0⤊ 0⤋