Do you think because we have oil guys in office that's why we pay alot at the pumps?

Question

Ever notice whenever an oil guy gets into office (George H.W Bush, George Dubya, Dick Cheney) we seem to find ourselves at war with an oil rich country and gas prices go through the roof?

Ever notice that when they leave office fuel gets cheaper?

Are the oil guys either making themselves richer or just their oil buddy's?

My Grandpa found some oil in Northern Michigan but he didn't think it was alot. However Imperial oil paid him thousands of dollars a year not to drill. He claims big oil doesn't want alot of oil on the maket because the price of oil will drop.

John Stossel did a report called "Are we really running out of oil?" He found out that this planet has enough oil to last 10 billion years.

It can't be lack of oil, and demand can't be it because when the oil guys get the boot gas prices drop.

I think the Bush's and big oil have screwed us again. If your Conservative then we'll make you happy and just blame this on Bill Clinton.

To john skerry. Nice try conservaturd but Bush can lower prices by lowering fed tax, or giving incentives to states to lower tax. Plus he can release our oil reserves little by little.

He can also tax big oil company's who are making record profits.

Quit sniffing other peoples farts and learn something.

Answer 1

I think you are right on the money. These guys are getting richer and richer. And it's funny how conspiracies only count on one side or the other. Uh, hello cool-aide drinkers, there are people with mega power getting richer and richer manipulating you, but just keep praying, it will all be OK.

Answer 2

Not seeing how our country has that much to do with oil prices. I mean yes we consume around 25% of the worlds oil right now. However our oil consumption is pretty level. It is the global industrialization that we are having to deal with that is one of the main forces for driving up prices. Also easy to drill reserves are running low. This is why they are mining more tar sands and shale areas. Also deep oil and other harder to get out deposits.

Some of the raise in price of gas in the US is the governments fault. However the law that does this does not help the oil companies. It is the one that makes them use ethanol to replace an additive that is harmful to the environment since ethanol is more expense then that additive it costs them more to get it and raises prices. that only accounts for about 10c raise per gallon though.

I am sorry but the US government is not a big player in global oil prices. I know you want to blame the government. they however do not rule the entire world.

As for you 10 billion year thing. The world uses 80 million barrels of oil. So if you take that for 10 billion years that would be 3.481*10^10km^3 all the earths oceans are only 1.37*10^9km^3 in volume. so that would mean we have 25 times as much oil on the earth as we do water. Does that really make sense now? I mean come on. The fact that you even would say something like that 10billion without taking the time to do a simple conversion on a calculator to see if it makes sense shows about where your understudying level lies.

The reason the US does not want to tap the oil reserves here at home is because. First of all they are not enough to really change the price of oil. also when the oil does start to run out and the world cannot even feed it's self we want to have oil left on our soil to defend ourselves in the war that will surely happen. If you want to doom your grand kids to save at most 5 or 10 cents at the pump a few years from now you are just a bad person.

I think you need to take an economics class or something. Or maybe Jr. high math. 10billion years lol.

Why don't you leave world issues for people who at least can do simple multiplication?

Answer 3

The problem with the price of oil has many different facets. Look at the consumption of oil this country has versus the output from our refineries. Build more refineries and the price will drop some. Yes, the world has oil to last for many more years to come, if we are allowed to drill it. If you are concerned about prices, support the drilling in Anwar. There is also evidence that the Mid-west has large deposits of oil in it's shale beds, so we should drill that. Of course, this is vehemently opposed by the left. States also play a huge part in the price. Check what your state charges for the gas tax. I live in NY and the gas tax is huge. I blame them more than Bush.

Answer 4

The oil companies announced that they have had the biggest profits so far this year than they have had in years. What is wrong with this picture? The rich don't give a crap. The poor don't have the money to wipe after they crap. Our country is getting to be the Haves and The Have Nots. No middle ground.
I bet Bush and all the rest always have a full tank of gas and a full stomic. Again, what is wrong with this picture?

Answer 5

Yes this is all because of bush and the storms. Once the oil companies found out they could charge us more after the storms they are always saying we don't have enoght. This is the answer there are 3 big chains of gas stations we boycott all except the cheapest company. Once the others stop receiving money they will lower there price.

Answer 6

No, loil prices are controlled by more factors than a few old men sitting in a dark room smoking cigars. There are factors including instability in oil producing regions, growing global demand and refinery capacity. There is also governemnt tax on it s well. The fact of the matter is, most gas stations make little money from the pumps, and most profit comes from the sales of consumer goods such as food, drinks, etc.

Answer 7

The truth is....

Japan and Germany are required to buy oil exclusively from the US. It's part of the post world war two scenario when the US paid a large amount of the cost to rebuild both countries.

The US exports more oil than it imports.

A large number of US oil fields are sitting intentionally idol firstly, to drive up the cost of oil, secondly to perpetuate the myth that we have a dependence on foreign oil, thirdly to push for drilling in regions that are swimming in oil but are environmentally valuable as well. In actuality less than ten percent of our oil is imported, and that is simply to keep our hands in the Middle East (we can claim US interests if we still buy oil from them).

Finally, ask yourself this question,

If indeed gas stations don't see any real profit on gasoline and depend on you to buy the overpriced Pringles and soft drinks and $2 candy bars etc etc etc, why would they install pay at the pump? Let's talk economics...isn't that akin to economic suicide to give customers the opportunity to bypass your high profit margin merchandise by not even forcing them to enter the store?

(It also boggles the mind that if there is no profit in these places why is there one every 3 blocks? Certainly there isn't that much demand for overpriced junk food to drive that kind of overcrowding)

Finally, one must wonder how they all switch to the new truck load of gasoline at the same time and all raise their per gallon price to the exact same level. Surely if they're raking in the dough on the overpriced merchandise in the store, they could improve their profit with volume by attracting more customers with a few extra cents off a gallon to woo them from the station across the street, or a block away, or two blocks away.

In short, we're being taken for a ride, and since we have to have transportation, they're sticking it to our pocketbooks.

Answer 8

My Governor Mitch Daniels is under investigation over the gasoline prices in my State. They are going from $2.65 in the morning to $3.35 later that evening, everyday now...People are really mad about it too, and there has been fights at the gas station with people running there mouths saying it isn't the Republicans and deregulation. It's nothing but gouging the consumer...With reported record profits...

Answer 9

Wait now, you libs were saying this was all for oil. If indeed it was, the market would lower the price if Bush/Cheney was to exploit it. The market controls the price, not the person that sits in the Oval office, libtard.

Answer 10

its not only that they are big oil people but they use thier illgotten power to give billions to big drug companies for no appernt reason except the are friends of the gop. this scam of a war is making them billions saudi is paying them billions the big resurve of mony clinton had built up when he left office is gone. tax cuts for only the rich and powerful. $3:74 a gal. for gas when before bush gas was less than one doller gal. yes you are right but understand they are scaming much more. think about it.

Answer 11

take an econ class, it's supply and demand


look it up.

If there is a demand, the price naturally goes up. More and more people are driving every day, and they all are driving further from home to work. If there wasn't demand for gas the price would be lower.