...Do you think that the oil companies are dropping prices to help maintain the Senate and the House "Republican" ?
What are some of the factors contributing to lower oil prices?
2006-09-25 05:05:46 · 19 answers · asked by Anonymous in News & Events ➔ Current Events
As a very few responses noted it's not a political it's economical. Supply, demand and investors were the main factors for gas prices to rise and now that demand has lessened, supply is increasing and investors have cashed out the prices is dropping.
However for our conspiracy folks in Yahoo. The Republicans control the oil so of course they made it go up just to look good when it went down. Of course if the Democrats were in control it would have never occurred in the first place. (good grief people grow up)
2006-09-25 05:29:18 · answer #1 · answered by Anonymous · 1⤊ 0⤋
No. What is happening is Bush has used his foriegn policy to effect oil prices.
Summer is the high oil price time of the year. Bush increased this effect by making the oil market nervous about what will happen between US and Iran.
Summer got over. Prices started to decline.
Bush suddenly embraced diplomacy on the issue of Iran. Market concerns were suddenly lowered about the issue of Iran restricting its oil. And prices dropped fast.
This is a not very clever use of foriegn policy to affect prices in the oil market. US gets 7% of its oil from Iran. By easing tensions Bush knew prices would drop.
2006-09-27 11:20:44 · answer #2 · answered by Anonymous · 0⤊ 0⤋
No. Prices were high due to several factors. Supply shortages, fear of another Katrina type disaster, international instability, summer formulations, high demand.
As the summer driving season ended and international tensions waned a bit, the price of crude fell from about $77 a barrel to below $60 a barrel, demand lessened, supply increased and cheaper, winter formulations are back on the market.
Also, a lot of oil speculators got burned. Many of these folks bet on oil prices rising to over $100/barrel. So they were buying 'cheap' oil in the $70/barrel range and storing it on ships at sea, to the tune of almost 1 billion barrels. When the price of crude started falling, these folks dumped their stocks on the open market, driving prices down even further, and losing millions of dollars.
2006-09-25 05:17:05 · answer #3 · answered by mzJakes 7 · 3⤊ 0⤋
It takes position each 3 hundred and sixty 5 days. it really is said as grant and insist. extra driving takes position contained in the summer season time. So come memorial day weekend expenditures leap!!! exertions day weekend exhibits the top of summer season time relaxing and only cruising and the costs drop. Has no longer something to do with the election. IF it changed into as a results of election the costs would drop lower than 3 dollar. further extra only because the gasoline expenditures are dropping in 2 months time heating expenses will skyrocket. again grant and insist.
2016-11-23 20:43:58 · answer #4 · answered by citizen 4 · 0⤊ 0⤋
It is very possible that oil pricing is decreasing because of upcoming elections. Follow the money politicians get from oil companies and the answer is even more clear.
Also, other influences on gas pricing is milder weather, less terrorist attacks on oil refineries and wells, and lack of major hurricanes.
2006-09-25 06:49:37 · answer #5 · answered by Anonymous · 0⤊ 0⤋
No, it's because oil prices have been sinking worldwide. The slowing US economy lessened the demand for oil products (every company and individual consumes energy to function), and recent reports have been released claiming that the underground oil deposits are larger than we thought and will last longer.
2006-09-25 05:21:16 · answer #6 · answered by jarynth 2 · 3⤊ 0⤋
Gas prices are dropping because the Bears got the best defense in the NFL
2006-09-25 05:25:55 · answer #7 · answered by Eric the Red 2 · 0⤊ 0⤋
Greed..........greed................greed. And also....GREED. It's all about the greed and controlling the masses. John Nash's Game Theory applies regardless as to who is in the White House. The tactics are very similar to a Carnival/Circus. Everything else is just a "Side Show" or a distraction from the real goal. They're still in charge and we're still paying for it to happen. Who's your Politician?
2006-09-25 06:27:29 · answer #8 · answered by Anonymous · 0⤊ 0⤋
NO, the producers and traders know that if the US Gas cost is 3-5$ a gallon, that that will accelerate the transition to different fuels, THEY WANT US TO STAY ADDICTED
2006-09-25 05:25:09 · answer #9 · answered by Whoa_Phat 4 · 2⤊ 0⤋
That what my husband said. Oil prices are up, but gas prices are down, why isn't everyone questioning this??
2006-09-25 05:14:38 · answer #10 · answered by Anonymous · 0⤊ 2⤋