2006-07-06 15:08:26 · 11 answers · asked by MICKFOLEY 2 in Politics & Government ➔ Government
Because Cheney makes more money that way.
2006-07-06 15:11:39 · answer #1 · answered by sunshinegrover 3 · 0⤊ 0⤋
Because there's nearly nothing he can do.
He doesn't have control over OPEC, he doesn't have a lot of leeway when it comes to the Strategic Petroleum Reserves. Bush cannot get more oil for Americans.
The price of oil is determined by an international market of supply and demand. It's pretty straightforward economics.
The only thing the American government could really do to lower prices would be to reduce gas taxes.
If the gov't reduced taxes by hypothetically 30 cents, prices would automatically dip by 30 cents. This would create a rush to the pump, and Americans would demand more oil. This would spike the cost that we pay to OPEC for our gas.
Thus, the only actual solution that our government could implement is to slowly remove some of the federal gas taxes. This probably isn't a great idea, because it's revenue from these taxes that pay for roads, bridges, tunnels, and more.
Sorry but Bush really has no effect on the price you pay at the pump.
If it makes you feel any better, we're paying 3.09 in Oregon.
2006-07-06 22:16:04 · answer #2 · answered by Knox Senior 2 · 0⤊ 0⤋
The reason gas prices continue to be so high is because our government gets a large cut of the money from the oil companies. Our government is using some of this money to fight the war in Iraq and also a lot of the members in Congress have stock in the major oil companies, including our president and vice president and they are getting richer and richer off the war in Iraq. So they don't care how high the price of gas goes, in the next elections I urge all Americans to register to vote and don't vote for any incumbents ( anyone who runs for re-election) vote only for new people. Lets all get together and vote all the old career politicians out and give some new people a try and if they don't do right, vote them out next time and keep doing this until our message is clear, do the job in such a way as to make this a better country for us all or you'll not be allowed to stay in office.
2006-07-06 22:24:57 · answer #3 · answered by bolinlamar 2 · 1⤊ 0⤋
Because last time a president tried to put price controls on gasoline, lines reached around blocks and people spent all day just to get gas. Why? Well: here's your supply curve:
http://www.netmba.com/images/econ/micro/supply/curve/supplycurve.gif
Now here's your demand curve:
http://www.netmba.com/images/econ/micro/demand/curve/demandcurve.gif
Now, the market price is where the 2 lines meet, like so:
http://www.bized.ac.uk/educators/he/pearson/workshops/adas.gif
Now, if you artificially lower prices below where the two curves meet, then there will be shortages. Why? Because the Prospensity to buy (demand) will be above the propspensity to sell (supply). In other words, companies won't bother suppling gasoline because they can't get a good enough price on it. They'd be better off doing something else or restricting gas production so they'll lose less money. That creates shortages, and that's why the president knows better than to meddle with the free market.
2006-07-06 22:42:06 · answer #4 · answered by Chx 2 · 0⤊ 0⤋
Please, tell me what he can do. Keynesian economics - supply & demand sets prices in a free market. There are more going to the well today with the acknowledged state that we are beyound the 1/2 way point of the worlds supply of oil.
Unless one changes the economics of renewable energy - the only greater economic disaster for the investor is not having a replacement for fossil fuel. Expect the economy of 1850 by 2050.
2006-07-06 22:23:14 · answer #5 · answered by viablerenewables 7 · 0⤊ 0⤋
Because he really has no control over the price of gas-- its largely driven by the market.
The only thing he could control on gas prices, and this is a stretch, is to get congress to lower the tax on gasoline. Fat
chance of that happening.
The other thing that could happen is bring more supply - alot more - online. That would not happen anytime soon.
2006-07-06 22:15:28 · answer #6 · answered by dapixelator 6 · 0⤊ 0⤋
He owned a oil company. He has many many friends that are getting richer and richer. He will do nothing except hurt the republican party because I will not vote republican ever again. I will vote for anyone else. Personally for me gas prices hurt alot. I travel 40 miles to work one way. I cannot move closer due to family obligations. This hurts the working person harder than anyone. Truckers, and commuters.
2006-07-06 22:14:31 · answer #7 · answered by The Answer Guy 2 · 0⤊ 0⤋
Because he does not have any control in this matter........
He could Lower the Gas Tax,but that doesn't amount to much....
Also if he did try that Democrats would blow a gasket,Since many Dems. in office have stated the gas Tax needs to be raised....
2006-07-06 22:52:09 · answer #8 · answered by Anonymous · 0⤊ 0⤋
Same reason he's not doing anything to stop entropy. Because neither gas prices nor entropy are under his control.
2006-07-06 22:30:03 · answer #9 · answered by monkey 5 · 0⤊ 0⤋
because is a family business
2006-07-06 22:31:12 · answer #10 · answered by Anonymous · 1⤊ 0⤋