Record prices at the pump AND record profits for oil companies. If the price of coffee goes up, Starbucks makes less profit or loses money. If beef goes up, burger joints get hurt. This is true of virtually all business...except big oil.
2006-07-27 04:34:59 · 14 answers · asked by Anonymous in Politics & Government ➔ Politics
chew on this...
bp's NET PROFIT for the 1st quarter 2006 amassed at the rate of
$55,000 per MINUTE!!!!!
2006-07-27 04:41:16 · answer #1 · answered by Anonymous · 0⤊ 1⤋
How old are you? 12? A cup of coffee used to be a nickel, is that Bush's fault it's a couple of bucks at Star Bucks? I have paid 25 cents for a burger AND fries AND drink! What do you pay now at McDonalds? Is that Bush's fault? Gas is 1.80 pounds (British money) for a LITER of gas. Do you know how much a LITER is? Buy a liter of pop and you will know. All businesses make money. They are NOT getting hurt. If they are getting hurt they go out of business. Starbucks is not loosing money, because they are opening stores all over the place. A new car in 1970 costs $3000 average. Now they are $20000 plus. Is that Bush's fault? You are not very well educated but then that is the liberal way, to dumb down all the kids in a class so as to not hurt the feelings of the ones that are not that smart.
2006-07-27 12:07:30 · answer #2 · answered by MadAxe 2 · 0⤊ 0⤋
And where do you get any of this information from? How many Senate investigations into the oil companies have there been and what have been there findings? What is the profit margin of the oil companies? What is the profit margin of banks, creditors, lenders, Coca-cola for that matter?
Who are Bush's buddies at the oil companies?
Do you have any answers either, because you sure have a lot of opinions and accusations with no factual basis.
2006-07-27 11:45:23 · answer #3 · answered by Donut44 3 · 0⤊ 0⤋
Bush has nothing to do with this. When will you people figure than out. Coffee is a luxury, Burger are a luxury. You want cheaper oil? Reduce consumption. The the demand drops so does the price. But know that China is over there increasing their demand daily to manufacture all the crap you buy at walmart and every other discount house. So it will be a little harder to reduce the demand. China is happily picking up the slack.
2006-07-27 11:41:36 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Everything I read is President Bush fault from oil prices to Hurricane Katrina. What a powerful and wonderful man our President must be. But to answer your question, how about more drilling more exploration. We as Americans must become independent and not worry about hurting the feelings of the God hating, baby killing liberals. The oil we need is here but too many liberals are worried about some animal or plant to care about our own country. Grow up and do the research!
2006-07-27 12:05:25 · answer #5 · answered by Anonymous · 0⤊ 0⤋
There would be an additional 20% supply in the US if Clinton hadn't vetoed drilling in a very small but resourceful area in Alaska 10 yrs. ago. This is a stated fact by the AP. AS soon as the tree-huggers realize that demand has to be met by building new refineries in this country, additional drilling, incl. Alaska, no more SUV's, lowering the speed limit nationwide, on & on, we can then gain independence from relying so much on the middle east. As usual, do some research & fact finding before spouting off!
2006-07-27 11:56:04 · answer #6 · answered by COblonde 3 · 0⤊ 0⤋
Didn't you know? Bush caused Katrina, caused Hezbollah to abduct the Israli soldiers, caused all the tornado, floods, hurricanes occuring on the earth. How about cancer, aids, child abuse? Did he cause all this too? Where were you for the past 20 years while problems were ignored or swept under the rug?
Maybe with a new president all the problems will disappear and gas will be $.50 a gallon. Go for it!
2006-07-27 11:42:36 · answer #7 · answered by Heidi 4 6 · 0⤊ 0⤋
If you think ANY president in history has any control over oil prices, then you are ignorant. Ever hear of supply and demand? Free market economy? Take a class...
It is also because all of the democrats raising taxes on gasoline year after year!
Liberty Over Liberalism!
2006-07-27 11:39:53 · answer #8 · answered by Anonymous · 0⤊ 0⤋
pump and barrel prices are directly linked the oil is not coming from overseas it is coming out the alaska pipeline for free that the american taxpayer funded in the 70 s the oil we use is not new it comes from reserves it was cheap when it got pumped but it is appreciating like fine wine and i mean vintage since the pump price is based off the spot barrel price
2006-07-27 11:51:26 · answer #9 · answered by sean b 2 · 0⤊ 0⤋
Wow for someone who you say is so stupid President Bush is awfully clever. He can manipulate the world oil market, manipulate people in to an "illegal" war and fool a large group of people into voting for him twice. Not bad for a dummy
2006-07-27 12:01:34 · answer #10 · answered by Ethan M 5 · 0⤊ 0⤋
Point of Interest: Back in the First and Second World Wars, "Profiteering" was considered to be TREASON!!!
Doc
2006-07-27 12:02:17 · answer #11 · answered by Arbuckle Doc 3 · 0⤊ 0⤋