Didn't the government put a cap on how low gas stations can sell gasoline in relation to cost? If they can do that why can't they regulate what the oil companies chage for it in relation to how much it costs them to produce? They say they can't interfere with businesses like that yet they did it to the gas stations. Can anyone answer me these questions? Seems to me the government will pick on the gas stations but they won't pick on their million dollar sponsors (oil companies). Please tell me if I am mistaken. Thank you all.
2006-09-19 14:15:18 · 8 answers · asked by ? 2 in Politics & Government ➔ Politics
There are some American oil companies are there not?
2006-09-19 14:21:38 · update #1
Your not mistaken, sounds like Congress could do something to at least change the oil companies guidelines, or get rid of the gas stations. Oh, wait, Congress does not do anything, nevermind
2006-09-19 14:19:37 · answer #1 · answered by Anonymous · 0⤊ 0⤋
They can control buisnesses within the U.S. They cannot control international companys. They could put a cap on the price at which it is sold for taking away from the profits of the station which in turn would shut down becuase they were paying for the people to buy the gas.
2006-09-19 19:56:27 · answer #2 · answered by trl_666 4 · 0⤊ 0⤋
I think the big oil companies control the price and with the elections coming up, the price has gone down. Some of it's political I think. Also, we need to go to other types of fuels, with all this mess in the middle east, we should never have become so dependent on them for oil sources.
If everyone would not drive for one weekend a month, except for emergency situations, we could put a dent in this thing.
2006-09-19 14:32:05 · answer #3 · answered by Sunny louise 4 · 0⤊ 0⤋
Regulation has to guarantee a profit for those regulated or it won't work. Looking at it another way it's called government sponsored price fixing. I'm more concerned about plain old price fixing. Once big business realized Microsoft wasn't going to be broken up, they knew they weren't going to be held to anti-trust laws. They could price fix to their hearts content, and even if something did happen, the slap on the wrist would be small. Thank a Republican.
2006-09-19 14:28:50 · answer #4 · answered by Anonymous · 0⤊ 0⤋
The big government officials own lots of stock in the oil companies. The higher prices go, the higher the return they get on their stocks. Sure makes sense to me.
2006-09-19 14:22:51 · answer #5 · answered by oceansoflight777 5 · 0⤊ 0⤋
... yes... they seem to be very kind to oil companies and do anything to help them make even more profit... even if it's not good for the economy or the people...
pretty messed up if you ask me
2006-09-19 14:21:25 · answer #6 · answered by Anonymous · 0⤊ 0⤋
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2016-11-28 03:04:11 · answer #7 · answered by ? 4 · 0⤊ 0⤋
THEY CAN REGULATE AMERICAN COMPANIES BUT THEY CANT REGULATE OPEC THEY ARE THE ONES THAT DICTATE THE COST OF OIL.
2006-09-19 14:19:14 · answer #8 · answered by Anonymous · 0⤊ 0⤋