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2 answers

I would say Exxon has he most control over the prices and the rest of the Oil Co's follow them. Everything going on gives them even more control. When usage gets high or a storm hits they say there is a shortage and raise the prices to saying it is to make people drive less because of the higher prices. This normally makes them more money then if they sold the gas like normal.

And at current they are using the war straw. They say there is too much danger for them to take the tankers to get the oil even with the fact they are getting the oil out of range of the war. This again increasses profits due to the fact they do not have to go get the oil and just bring the price up again.

So they make more money by not selling as much gas which brings their cost down and incresses the price. Win win it is called.

They make billions more money and do less work to get it.

2006-08-08 17:06:45 · answer #1 · answered by Don K 5 · 0 0

...the consumer...we simply stop buying...

2006-08-09 01:45:50 · answer #2 · answered by each may believe differently 3 · 0 0

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