2006-09-12 11:16:08 · 19 answers · asked by columpro25 2 in Cars & Transportation ➔ Buying & Selling
Damaged rigs in the Gulf are coming on line.
Consumption has dropped with Summer's end.
Oil companies have decided that the hurricane season will not be severe. They have released some reserves, set aside for those reasons.
OPEC had increased production, but it won't last. They are considering a cut.
We won't see the new Gulf discovery come on line for several more years. No production yet.
2006-09-12 11:29:15 · answer #1 · answered by ed 7 · 0⤊ 1⤋
they have been dropping properly till now the election. the rationalization is actual with the aid of fact people have not been utilising as lots. it rather is furnish and insist rather. considering that our financial gadget slowed lots, customers did no longer purchase as lots and did no longer go from side to side as lots, as a result, they did no longer stress as lots. This additionally skill that much less products have been transported, and much less people have been given paid. this is ends up in a shortage of money in a shopper's pocket, and we then don't have pastime in utilising as much as conventional. the fewer people call for a product, the extra cost-effective is turns into. (in maximum circumstances) this is with a view to get people to purchase. this is likewise the optimal reason that OPEC has been attempting to strengthen fees dramatically with the help of slicing furnish. the fewer furnish of a few thing you have, the extra efficient it turns into. think of os useful stones like diamonds. you do no longer locate those everywhere, that's why they're so high priced.
2016-11-07 04:55:40 · answer #2 · answered by ? 4 · 0⤊ 0⤋
There are alot of (Reasons Why) that this has been happening...Before theMid-Term (Elections) are to take place the President is using this Drop in Oil Prices to (Boost his ratings as a President... When the (Elections) are over, the price of "Oil Per Barell" will go back up again. rumeoui !!!
2006-09-12 11:30:10 · answer #3 · answered by rumeoui 3 · 1⤊ 0⤋
general motors is being hit hard, they lobbied the goverment, HA then gave all vehicles a kia/korean warranty, new american cars suck ***, the classics/muscle/sports on the other hand kick ***
texas cowboy, dumb *** those lines wont be tapped unitl like 2010 or later, become informed, and its estimated at a little more or less than 3 bill barrels, little more then a dent
2006-09-12 12:11:02 · answer #4 · answered by delerious 1 · 0⤊ 0⤋
Mid-term elections are coming up and the Republicans are scared. Also gas prices come down a few months before Christmas because it's absolutely necessary for WalMart to make trillions.
2006-09-12 11:21:01 · answer #5 · answered by DawnDavenport 7 · 1⤊ 2⤋
Supply and demand. The prices were high, demand was reduced and supply rose. We have reached the end of the summer season and demand dropped. Increased supply and decreased demand equals reduced prices. (assumes inelasticity)
2006-09-12 11:24:02 · answer #6 · answered by williegod 6 · 0⤊ 1⤋
Not fast enough. they will raise the the same day the market goes up. But take months to go down.
2006-09-12 11:29:22 · answer #7 · answered by Anonymous · 0⤊ 0⤋
Could be because of the auto industries' overload of 05 guzzlers still on the lots
2006-09-12 11:50:21 · answer #8 · answered by Dugout 1 · 0⤊ 0⤋
The recent "find" of the coast of Louisiana and maybe the one of the Cuban (theirs) coast had something to do with it......Lebanon quieting down some also.......maybe we should generate a bunch of false reports to somehow leverage it against the middle east countries......anyways...that' swhy I think they came down
2006-09-12 11:31:33 · answer #9 · answered by Mickey Mantle 5 · 0⤊ 1⤋
Oil is too.
There has been a big discovery of oil in the gulf and supply lines are not as bad, now.
2006-09-12 11:31:59 · answer #10 · answered by Texas Cowboy 7 · 0⤊ 1⤋