hahaha... I guess there was just a huge surge in demand today? Many of them have clearly stated on here that people who are world leaders like, say Bush or Olmert, have no impact on oil prices, so it can't have anything to do with the current conflict that leaders of Israel and Hamas started.. .since leaders have no impact...
2006-07-13 12:11:05 · 13 answers · asked by Anonymous in Politics & Government ➔ Other - Politics & Government
cjlintexas: I fear that some of your fellow Repubicans do think this... I've been told many times... ben s himself is refrencing this attitude...
ben s: I have a revolutionary idea... what about when world leaders take actions that affect supply and demand... like possible war in an oil rich nation? I guess that could affect it in ways couldn't it? You many want to look at what the experts say today's rise is due to...
2006-07-13 12:25:00 · update #1
john m: but is that not affecting the price? and most of those guys are Republicans, go see for yourself.. .hahaha... but yes they are pansies...
2006-07-13 12:26:08 · update #2
geez... talk about missing the point... the fact is.. wars affect prices (due to speculative trading on the market), WHICH WAS CLEARLY ILLUSTRATED TODAY, world leaders wage wars... therefore WORLD LEADERS CAN HAVE A HUGE IMPACT ON PRICES...
I'm not talking about price controls... but thanks for playing
2006-07-13 12:39:07 · update #3
Gee lets think about it. Whenever an oil guy (George H.W Bush, George W. Bush, Dick Cheney) gets into office we somehow find ourselves at war with an oil rich country and gas prices go through the roof.
I'm sure all these things are just coincidences.
2006-07-13 18:47:42 · answer #1 · answered by Anonymous · 1⤊ 0⤋
Research Jimmy Carter's price control fiasco during the oil embargo. Though I hate paying the high prices, supply and demand always works.
Look how much more interested people are in 'green alternatives', that would never of happened if gas was still a $1 a gallon.
Every cloud has a silver lining, can't have ying without yang, black, white, up, down, and all that cr*p.
2006-07-13 12:29:47 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Let's regulate oil prices like they did in Hawaii. The prices rose to the legal limit and stayed there. They were paying much more than the rest of the nation and prices fell when the regulation was removed. Gas prices have been five bucks a gallon in Europe for years all these people who think Bush controls gas prices must think he was president of Europe.
2006-07-13 12:33:16 · answer #3 · answered by Rich E 3 · 0⤊ 0⤋
Funny: when gas was $1.00 a gallon, the oil companies earned ten cents per gallon (assuming they earned a 10% profit margin). Now gas is $3.00 a gallon and the oil companies are earning thirty cents per gallon (assuming they've still earning a 10% profit margin). Have they used those massively inflated profits for developing more energy-efficient fuels? Have they spent billions on research and development of possible alternative fuels, or more efficient oil refining? No.
They've spent billions on CEOs salaries, bonuses, stock options, and golden parachutes, and they've spent billions on shareholder dividends.
It's not so much supply and demand - it's more hubris and avarice, or (since oil executives might not understand such big words), greed and gluttony.
Oil, oil everywhere, but not a drop to save. -RKO-
2006-07-13 12:27:08 · answer #4 · answered by -RKO- 7 · 0⤊ 0⤋
ahh there is no one on the planet that thinks the price of oil is strictly supply and demand. It is that of course, and demand is up around the world, specifically China. There is, of course, uncertainty premiums built in to the price. The war in Iraq, Iran threatening Israel, hurricane season and the gulf, instability in Nigeria.
If you need something to go after republicans on, you need to find another issue.
2006-07-13 12:17:54 · answer #5 · answered by Anonymous · 0⤊ 0⤋
These days, anything affects oil prices. The first time any little thing happens it shoots the price of oil up. If they can find a way to make you have to pay more, they do.
2006-07-13 12:16:30 · answer #6 · answered by rockinout 4 · 0⤊ 0⤋
Most of the oil in the world is controlled by a cartel (OPEC). Cartels work against the forces of supply and demand. Therefore, supply and demand cannot be the whole picture.
2006-07-13 12:26:18 · answer #7 · answered by Robert 3 · 0⤊ 0⤋
I think that war in the oil laden land started by Bush causes the price of oil to go up, the sellers are going to make us pay for destroying their lands. It's also self preserving, they don't want to be attacked next.
2006-07-13 12:17:10 · answer #8 · answered by Tommy D 5 · 0⤊ 0⤋
no, its supply-idiot. ANd the world's leaders DON"T have a say in oil prices, oh ya they can just TELL Shell to sell gass for cheaper. Wouldn't that be violating their rights? oh i forgot you don't care
2006-07-13 12:14:23 · answer #9 · answered by ben s 3 · 0⤊ 0⤋
Yes the oil companys demand more money and we supply it!
2006-07-13 12:14:35 · answer #10 · answered by MC 7 · 0⤊ 0⤋