In 1995 a retired oil executive said to me they capped off full oil wells in Texas for profit, and a few months ago a former accountant for oil companies in Texas in 1980 said his job was to write off for taxes wells they had just tapped full of oil, and I was just told a man in Alaska lost his job after oil companies capped full wells. Alaska, Texas, Lousiana, the Gulf, Mexico, Venezuela, Russia, China, Somalia all have oil why are we buying only from the middle east?
2006-08-24 11:58:37 · 10 answers · asked by Faerieeeiren 4 in News & Events ➔ Other - News & Events
Greedy oil companies and high gasoline taxes.
2006-08-24 15:32:17 · answer #1 · answered by celticwoman777 6 · 0⤊ 0⤋
the price of gas isn't 70 cents in Mexico, period. An yes companies block off wells that aren't profitable, which makes me wonder about people and there understanding of capitalism. The last time I checked you try and sell over what it cost to product a product, and add a margin to make money over the those costs.That is econ 101.
As for remark about US oil companies being monopolies, again you need to know what a monopoly is, and they aren't one, sorry but that is liberal propaganda. Most are international businesses that do world wide business, and might have headquarters here, but that doesn't mean much now days.
If your look a for a questionable character in this whole thing, then look to the futures markets which have made every attempt to make every little thing that might effect oil production into a crisis.
Remember they where pushing up prices from 68 to 71 dollars a barrel not long ago because of the terrible hurricane season we where going to have?
But hey,never let facts get in the way of politics right?
2006-08-24 12:42:04 · answer #2 · answered by olfireoneret 1 · 0⤊ 0⤋
i visit narrate on your pals GrandFather as a results of very actuality i offered gas for even a lot less in the 50's "attempt 18 cents a gallon" undergo in suggestions we basically earned $40 5.00 a week regardless of the straightforward undeniable actuality that it grew to change into into although more desirable helpful situations than the present. i offered my first motor automobile a 1946 Ford for $60.00 used. it really is anyones wager how plenty gas might want to be in November and December ,i did see an artice on CNN the position the pros are predicting oil will drop to $100.00 a barrel round November. Have a surprising vacation weekend
2016-11-27 19:41:53 · answer #3 · answered by cromlish 4 · 0⤊ 0⤋
Taxes have a lot to do with this. That's why gas cost differently in different states within the US. I don't think it's 70 cents in Mexico. Lower maybe, but not that low.
2006-08-24 12:05:21 · answer #4 · answered by Frank 2 · 0⤊ 0⤋
In what part of Mexico is gas 70 cents?!?!?! I was just in Ensenada and it was almost 3 dollars a tank! Look, we gotta buy gas, so let's just stop complaining. When it gets to 10 bucks a pop, then I'll consider other forms of transportation!
2006-08-24 12:02:24 · answer #5 · answered by xcelix 4 · 0⤊ 0⤋
In Tijuana, right across the border from me, it's about three bucks.
Secondly, all gas is not the same. The gas in the US is formulated by region and the time year. Depending, more of this chemical and less of that and vice-versa is formulated.
Gas in Mexico is low grade.
2006-08-24 12:07:11 · answer #6 · answered by Sick Puppy 7 · 0⤊ 0⤋
It's .40 cents a gallon in Iran because of Government Subsidies.
2006-08-24 12:05:14 · answer #7 · answered by Alex 3 · 0⤊ 0⤋
Go to Europe. Gas there is like twice the price it is here. That explains all the small Pugeot's and other cars...not to mention the underground systems.
2006-08-24 12:05:38 · answer #8 · answered by SS 3 · 0⤊ 0⤋
Where is it .70 cents a gallon? I live here in Mazatlan and it is $2.88 as of last night....
2006-08-25 10:28:42 · answer #9 · answered by Sans 2 · 0⤊ 0⤋
Wise saying, "Believe half of what you see and none of what you hear."
2006-08-24 12:15:14 · answer #10 · answered by Anonymous · 0⤊ 0⤋