With the gas prices sky-rocketing and the latest BP Oil incident, there are rumors floating around that the good old USA may have to open up the National Oil Reserve to help relieve the burden that the lack of preventative maintenance by BP Oil has caused.
My question comes from the notion that if the oil company is at fault, will they replenish the suppy that is deleted for FREE? I believe that they should be held accountable. God knows they have the money to perform maintenance at needed levels.
2006-08-09 04:58:37 · 4 answers · asked by e85tips 1 in Cars & Transportation ➔ Other - Cars & Transportation
NO...If the US releases oil from our reserves, the oil companies that get the oil have to PAY us for it at fair market value. It is not a gift...it is a cushion in the supply. I personally dont think they will need to open the reserves. Saudi Arabia and Mexico have already said that they will increase production to make up for any shortfall due to this disruption. However, if you live on the west coast where the Alaskan oil is used...there may be a temporary supply disruption to the refineries leading to a price increase short term on the west coast.
2006-08-09 05:07:53 · answer #1 · answered by FreedomLover 5 · 0⤊ 0⤋
The oil companies are not legally obliged to supply us with oil. They find it and sell it. Where were the government inspectors who should have known about the condition of the pipeline? I dont think BP is under any obligation to pay for the oil that they dont supply to the refineries.
2006-08-09 12:24:18 · answer #2 · answered by cbmaclean 4 · 0⤊ 0⤋
The gas companies ain't going to do anything for free, they will only do what helps them.
2006-08-09 12:06:24 · answer #3 · answered by ROCK 3 · 0⤊ 0⤋
no we as taxpayers will pay an inflated price because the
government will buy the oil.
2006-08-09 12:05:42 · answer #4 · answered by Anonymous · 0⤊ 0⤋