Oil price question?

Question

Lately the RNC (Texas Oil Cartel) have been lowering prices. Is this another snow job to try to keep the chickenhawks in office? Do you think they'll jack the prices up again after the fall elections?

Answer 1

I have worked since 1965 and the Republicans always cause a tightening of the economy shortly after they are in office. Then to make themselves look good, they somehow help the economy pick up close to election time.

They say, "Look at the improvement." But if you look at how things were before they took office it is still worse now than before. It never seems to recuperate.

They talk about people moving off the unemployement roles. Some have run out of benefits and are no longer listed, and some have taken lower paying jobs in the hope of getting a promotion someday. That's why unemployement is improving!!!

Answer 2

That's a good question. It maybe political, sort of a return favor for, Pres. Bush tax cut for oil companies last year and record profits; they were suppose to do some exploration with the money saved on taxes. Wouldn't be surprised if price of gas goes up with excuse of shortages, due to going into heating oil production. After that there'll be another excuse, I've forgotton the late winter early spring excuse, ought to know, they have one every year.

Answer 3

loss of refinery capacity does not reason oil expenses to upward push - in certainty, a sufficient worldwide loss of refinery capcity would fairly shrink the call for, and consequently marketplace cost, of crude. What it may do is reason the cost of gasoline to upward push /even bigger/ than the intense cost of oil would point out, if call for is robust sufficient. Oil manufacturers earnings while the charges upward push. Oil-exporting international locations in many cases have long-term exploration and progression contracts with oil businesses. while the cost is bigger than it became into estimated to be while such contracts have been drawn up, the business company reaps a providence. different oil-exporting international locations pump thier very own oil, and sell it on the open marketplace, and that they recieve the providence, themselves. yet another massive winner while the charges are intense are international locations that have extra good to apply oil components. Canada, case in point, has great oil reserves, yet they are confusing to fairly extract: while expenses are intense, Canada has an oil marketplace, while they are low, it effectively does not (yet no one accuses Canada of attempting to restoration oil expenses). ultimately, determination fuels and renewable capacity components get a great enhance from intense oil expenses. So environmentalists must additionally be perking up each and every time the cost of a barrel is going up. the dearer oil gets, the extra almost doable image voltaic, EVs, biodiesel, and whatnot grow to be. (yet, lower back, no one accuses the environmentalists of conspiring to create unrest interior the middle east).

Answer 4

i have no clue but if i had to bet i would say i will see it hit 4.00 before i died (im 13 so it should make it make more sence)

Answer 5

Yes. And yes.

'Nuff said.