2006-07-11 12:41:03 · 6 answers · asked by politicallypuzzeled 3 in Politics & Government ➔ Other - Politics & Government
Lets see, the oil company's own the oil wells. Those people that you see bidding on the barrels of oil work for the oil company's they are buying for the refinery's which guess who owns them. That's right the oil company's They sell it to the gas stations. Who are leased by private contractors but guess what the oil company's tell them how much for a gallon of gas. The oil company's are recording record profits. My guess is without any regulation it is the oil company's raping the people not an oil shortage.
2006-07-11 12:54:49 · answer #1 · answered by Anonymous · 0⤊ 2⤋
yes, read up on Peak Oil concept. The easy oil is going away.
That said, there's not a shortage per se. There is ALOT of demand from US, China, India and other countries that have placed greater demands on a finite resource.
Plus, places where there are still huge reserves aren't necessarily pumping very much-- Iraq, Nigeria always has problems, etc.
2006-07-11 19:45:31 · answer #2 · answered by dapixelator 6 · 0⤊ 0⤋
No. There is no shortage. That is why bush ordered the invasion of Iraq. Saddam was a thorn on the side of OPEC. He was unpredictable. He was capable of messing up the oil profits for bush and his buddies..hence he had to go. BUSH WANTS TO CONTROL THE OIL...so the price stays up and screws all of us.
2006-07-11 19:48:26 · answer #3 · answered by Sati 2 · 0⤊ 0⤋
The price of oil is not up because of any shortage, real or fabricated. Oil prices are up because of market speculators.
2006-07-11 19:48:58 · answer #4 · answered by Anonymous · 0⤊ 0⤋
We use 12 MILLION BARRELS A DAY just in the US alone and have for 30 years. What do you think? Can you add?
2006-07-11 19:45:03 · answer #5 · answered by Anonymous · 0⤊ 0⤋
Yes I would say it is real as it is in a war zone
2006-07-11 19:45:31 · answer #6 · answered by Anonymous · 0⤊ 0⤋