2006-09-21 15:11:50 · 9 answers · asked by Anonymous in Politics & Government ➔ Other - Politics & Government
The market is acting no the "greedy" oil companies. The busiest driving season is over. Also the tensions in the Middle East is lowering. Remember oil is a futures market. This means that they predict what the price should be, so world affairs like tension in the Middle East affect prices.
2006-09-21 15:15:19 · answer #1 · answered by Jason 3 · 0⤊ 0⤋
The oil companies are not "allowing" the price of oil to come down,it is a compicated result of supply and demand. With limited storage in the world (counting inventory in ships etc. in transit, The actual supply at any one time is hard to evaluate. Demand also is never specific. The weather,temperature,energy requirements in the world all contribute to the unknown exact demand for petroleum products. The oil refineries have a hard enough time filling orders on time without dinking around with the price of products to make an extra profit.
2006-09-21 22:45:58 · answer #2 · answered by Anonymous · 0⤊ 0⤋
The market sets the price of oil, not the oil companies.
2006-09-21 22:40:41 · answer #3 · answered by Anonymous · 2⤊ 0⤋
Ask Bush, he could done this a long time ago. The election is a few weeks away, he wants people to vote Republican. It is farce, as soon as the elections are over, you can bet your boobs gas will go up. The whole Republican party is a greedy bunch, they Bush and Cheney among others who couldn't care less about the average Joe or those working for minimum wage.
2006-09-21 22:34:31 · answer #4 · answered by bsbmo33 2 · 0⤊ 1⤋
Because when your consuming public starts to move away from your product, it makes good business sense to bring them back.
Did you hear about the government investigations and the public crying for someone's head? It doesn't take a rocket scientist to figure things out. I think a 36.1 BILLION dollar PROFIT is a bit excessive - especially when everyone else is reporting losses. Another "oddity".
But hey - that is just one person's opinion. No - wait. Maybe more.
2006-09-21 22:18:57 · answer #5 · answered by volleyballchick (cowards block) 7 · 0⤊ 0⤋
They say supply. Bet there is some politics involved, they are wanting something. It really doesn't mean much to me, with the ethanol my mileage is less and I'm buying more.
2006-09-21 22:43:43 · answer #6 · answered by longroad 5 · 0⤊ 0⤋
So their Republican buddies won't get booted out of office in november.
2006-09-21 22:14:09 · answer #7 · answered by mcgo 2 · 1⤊ 0⤋
they need us to vote republicans back in . they will raise it back up after election
(Bush is from a big oil family. Duh!)
2006-09-21 23:04:06 · answer #8 · answered by Anonymous · 0⤊ 1⤋
Point (subtly) well made !!
2006-09-21 22:18:47 · answer #9 · answered by Anonymous · 1⤊ 0⤋