Or are you still believing all that BS the news is telling you??
We are getting screwed at the pump so they can profit...
2006-07-27 03:50:32 · 7 answers · asked by The Angry Stick Man 6 in Politics & Government ➔ Other - Politics & Government
Yup... we are. But ultimately, we can't do a whole lot about it (except complain).
We all need to stick together. The oil companies - in these times of record gas prices - have reported their biggest profits to date.
When will people wake up and take action TOGETHER?
2006-07-27 03:55:27 · answer #1 · answered by Wiley 2 · 1⤊ 0⤋
Here is the thing, I know oil companies are making record profits and prices are high, but those profits might have something to do with the fact that record numbers of people are also buying gas. Oil compaines don't set gas prices, the price of oil per barrel does. The more oil costs per barrel the more they pay which means the more we pay. The more people who buy gas the more money they make, it is not just the high prices. It is just simple supply and demand. and there is nothing you or I are going to do about it except be mad as hell when we pull up to the pump.
2006-07-27 04:01:13 · answer #2 · answered by yetti 5 · 0⤊ 0⤋
Oil and Petroleum companies are not in business to ensure you get fuel at a low price.
They are in business to make as much profit as they can.
Remember supply and demand?
If you had a product to sell, wouldn't you sell it for as much profit as you could? Would you sell it for what the buyer/consumer was willing to pay? Of course not.
If you raise the price of a vital commodity (like gasoline) then less people can afford it. If you lower the price, then the supply will dry up. Fuel companies find the happy medium between the two and that is what the daily price becomes.
Remember the distributor (the gas station) also has to make a profit to stay in business. This adds pennies onto each gallon of gas. The federal, state, and local governments tax gasoline and this adds to your cost as well.
It's all about economics.
2006-07-27 03:59:08 · answer #3 · answered by crazyotto65 5 · 0⤊ 0⤋
honestly this isn't about the oil companies screwing the people .... they just have a product that people want .... simple supply and demand. in the 70's and 80's the oil companies struggled severly, and only now are they back on thier feet. i feel the real people to blame are the people who own the oil fields: saudi princes and venezuelan dictators. but how can the oil companies help but make a profit off of something that everybody needs and are willing to pay a lot of $ for. competition for forign oil in china and india are also much to blaim for raising the demand for middle-eastern oil
2006-07-27 04:03:21 · answer #4 · answered by Carson N 5 · 0⤊ 0⤋
Tell that to China who is buying a great deal of all the oil on the world Market. It's a matter of Supply and Demand. Study Economics and then draw your conclusions.
2006-07-27 04:19:15 · answer #5 · answered by Anonymous · 0⤊ 0⤋
And Bush and Cheney's buddies in Big Oil are laughing all the way to the bank. And once they get out of office Bush and Cheney will be worth so much its sickening!!
2006-07-27 04:13:19 · answer #6 · answered by Anonymous · 0⤊ 0⤋
What dots...I don't see no dots...where?
Oh.......those dots?
2006-07-27 03:59:05 · answer #7 · answered by Anonymous · 0⤊ 0⤋