The radical criminals have tried everything to bring down our way of life, from crashing planes in to our buildings, to suicide bombers to bombing buildings. Is the new method of a terror attack to manipulate oil prices to put a serious strain on our economy?
Remember where most of that oil comes from!
2006-07-09 00:40:37 · 8 answers · asked by Anonymous in News & Events ➔ Current Events
LOL you are so misinfomed. The high oil prices nowdays are from the following:
1. High demand from China since their economy is booming and possesses a 5% annualized growth rate.
2. Tensions in the Middle East ( IRAQ Invasion) and most recently IRAN'S nuclear ambitions.
If that was the case bro, why is our own oil companies such as EXXONMOBIL making historic profits nowdays? they have by the way, alot of joint venures world wide which would also place them in the category that you mentioned ( a ploy)
Our gas prices which is normally what Americans look at is astronomicaly high due to the production capacity problem that we have in producing enough for petrol engines machines and auotomobiles.
It is worth noting that all the Arab economies combined which amounts to about $ 500 Billion dollars only is a small fraction to the Us economy's GDP of 10 Trillion!!!!
Dont be so paranoid dude. Its our own traitor oil companies that are racking our balls and our foreign policies along with a hungry China that attibutes to the problems.
Chill out and quit blaming the Arabs for everything.
2006-07-09 00:53:24 · answer #1 · answered by Anonymous · 3⤊ 0⤋
No. The high oil prices are due to the coming of age of previously poor economies such as China and India. This has caused a spike in demand which is unlikely to stop. This is happening at a time when known reserves are being used up. This is why it is so critical that we develop alternative sources of energy such as bio fuels and nuclear. Your assertion that it is a planned attack by "radical criminals" assumes that this group has control of oil prices which they do not. Not all Arabs or Arab countries are controlled by "radical criminals". Your generalization is without basis.
2006-07-09 00:49:30 · answer #2 · answered by gtoacp 5 · 0⤊ 0⤋
$7-$8 a gallon gas? i'm not particular what that real budget may do, even though it may actual not be a competent element for the monetary equipment because really a lot all kinds of mass transit of folk and products run on gas made out of oil. the charges of merely about each and every thing may bypass up yet how a lot i am going to't in my opinion say, yet some thing that needs to be shipped by using air, sea, or land (truck or rail) may fee a lot extra to deliver and that fee may be surpassed alongside to clientele who may purchase a lot less for this reason ensuing in damage to the monetary equipment because we are in reality a shopper pushed monetary equipment lately. finally no count number number what the environmentalists say it does not rigidity us onto more cost-effective kinds of means because as has been said it may nevertheless be more cost-effective than photo voltaic or electric powered lengthy haul autos. the reality is that on the instant there is not any option to grease that should be applied on a the dimensions required and there is not for no less than 15-twenty years. If there turned right into a kind of inexpensive, sparkling, secure means that changed into ordinary to make we may have it already and whoever had invented it will be a billionaire.
2016-11-01 12:06:33 · answer #3 · answered by shea 4 · 0⤊ 0⤋
No, high oil prices are fabricated in this country(and in Europe). The best example is hurricane Kathrina. The oil production in front of Lousiana's coast went down, and over night did gas prices go up drastically, meaning that businesses do use opportunities like a hurricane disaster to make a profit.
Next, it is OPEC that dictates the oil prices, and according to what a country has and uses, it creates a dficit or surplus in the oil supply, and that is the determinant for the prices. Don't forget that those who sell us their oil also want to make a profit from it--which is only fair.
The ones who really are to blame are the oil magnates, no matter in which country they live because they are the ones who profit from high oil prices. President Bush and our vice president both are oil magnates. They claim not to benefit from it, but I think they do big time.
Rumor in Europe has it that Bush did get the oil from Iraq and Halliberten(did I spell that right?) stockpiled the oil rather than giving it to the American people.
Those who do not like our way of life are radicals, extremists(El Quida and others)and even though the claim is that it is about their way of life vs. our way of life, it is about their oil vs. our oil magnates profiting from it.
2006-07-09 01:01:26 · answer #4 · answered by MARIANNE G 4 · 0⤊ 0⤋
Oil prices are increasing because the US & western military attack in Iraq has not been successful to crush the local people and also because US Oil Companies are ready to exploit the situation.
2006-07-09 01:30:26 · answer #5 · answered by Dr MK Khaishagi 2 · 0⤊ 0⤋
No, if western economy fails so does the global economy.
Oil prices are manipulated on the futures market that is run by westerners.
2006-07-09 00:44:15 · answer #6 · answered by Bill 6 · 0⤊ 0⤋
No. In Europe gas is $6.00 a gallon. We are still pretty lucky.
2006-07-09 01:59:12 · answer #7 · answered by sheeny 6 · 0⤊ 0⤋
its ironic that the terrorist bombers came from Saudi.
2006-07-09 00:44:15 · answer #8 · answered by scrambledmolecues 3 · 0⤊ 0⤋