I mean is their an alternative motive for the decline in gas prices, let me hear some opinions?
2006-10-02 15:07:13 · 31 answers · asked by saint71 2 in Politics & Government ➔ Other - Politics & Government
Anna my dear, thanks for the question. You don't need to seek opinions to answer this question, just follow the money. This year alone Big oil has made enough profits and received enough tax breaks to make a profit, pay all their foot soldiers(lobbyists), fund all their retirement packages, and now it's time to give a little back to their political allies just in time for the November election. How could the republican controlled gov't possibly stand a chance at re-election if gas was 3$ or more a gallon come vote time? When gas prices went through the roof the republican controlled media did nothing but give excuses as to why the price went up from Katrina to Alaska to the Chinese demand. Isn't it amazing how the price of gas fell and not a single media outlet broadcast a single story emphasizing why? Not to me, I could have predicted the decline in gas prices in my sleep. Haliburton is probably flooding the market with illegally processed oil from Iraq as we speak. How could we know if they were? The laws of supply and demand are not what caused the oil/gas prices to decline because the fluxuations in price would have been much more insignificant. Big oil has not created more refineries or invested enough in their infastructure to justify the high prices we just experienced. What we did just experience is a lack of oversight and the coercion of the ruling party take advantage of the American people.
2006-10-02 15:31:30 · answer #1 · answered by scottyurb 5 · 0⤊ 0⤋
Supply and demand my a$$. Let me ask you this question. How long is it until the mid term elections? Kind of funny that the gas prices fall so low when it is time for elections huh??!?! Come on the conservatives know they are in trouble because they have **** ED this country so bad. They are trying to show the people "hey look at us we can get things done". My prediction is, if the conservaties win the elections and still control the house and senate like they do right now gas prices will HIKE back up. It has nothing to do with supply and demand. All of government is corrupt and they will do anything to get the vote. And this is one of their plans.
2006-10-02 15:12:43 · answer #2 · answered by Ben H 2 · 1⤊ 0⤋
1) the election in November is near
2) supply and demand has nothing to do with it. There's plenty of oil for a long time to come; the problem is the London Spot Market which speculates on the price of oil well into the future. If the US government wanted to, it could negotiate the price of oil with an OPEC nation such as Venezuela, at approximately $25 / Barrel, and still provide a profit margin to the oil production companies.
If the current administration is allowed to proceed with their current plans to attack Iran, there is a high probability, that Iran would retaliate by blockading the straits of Hormuz, leading to oil going well above $200 / Barrel.
2006-10-02 15:15:00 · answer #3 · answered by Joya 5 · 1⤊ 0⤋
The gasoline stations could purchase the gasoline to put in the pumps. The earnings margin on gasoline is basically 10 to fifteen cents a gallon, so in the event that they drop the fee a dollar, then they're paying for your gasoline. this isn't any longer the gasoline stations fault gasoline is so extreme, this is because of the fact the E P A won't enable any further refineries be geared up. The final refinery went on line in 1973, and a few of those have closed. this suggests that we've much less refineries producing gasoline for many situations autos that we did have 35 years in the past.
2016-10-18 09:34:17 · answer #4 · answered by Anonymous · 0⤊ 0⤋
It's called supply and demand. If you want to look for a President manipulating gas prices to affect the outcome of an election, look no further than 2000 when Clinton released oil from the strategic reserves to help Gore.
Bush, meanwhile, had stopped adding to the reserve in the summertime to keep prices lower during the summer. They are adding to the reserves again now, so if anything Bush's actions made them go up. There is no evidence of Bush fixing the gas prices to sway an election, Clinton actually did this and anyone who brought this up was dismissed as being partisan.
2006-10-02 15:09:46 · answer #5 · answered by Anonymous · 2⤊ 2⤋
I would assume that the oil company's and those directly affiliated are doing this right before the mid-term elections, since it's in their best interest to keep the (Pro-Capitalist) Republican's in control.
Since the oil companies are of a private interest, they're doing this of their own accord. It has nothing to do with Politician's pulling strings, just the oil lobby.
By the way, I am a Republican and I suggest you do what I intend to do . . . . just enjoy it while it last. Hopefully it'll stay below $2.00 after the elections have concluded.
Happy Cars!
2006-10-02 15:15:29 · answer #6 · answered by De Expert 3 · 0⤊ 0⤋
A number of reasons:
-Summer demand is over. The winter mixes of fuel are less expensive to make.
-Bush relaxed pressures on Iran. This eased the oil market fears about future production problems in Iran. Gasp, Bush had an influence on the oil market.
-Oil Refineries in gulf coast are operating again and increasing capacity
-Oil stockpiles that the oil market has been accumilating is now unnessisary due to the lower risk of oil disruptions due to a war with Iran.
-Elections are comming up. Therefore Bush spent that last summer inflating prices by talking war with Iran. Now as elections approach he relaxes relations to just diplomacy and sanctions we can't enforce. Of coarse politics has something to do with it.
2006-10-02 15:37:18 · answer #7 · answered by Anonymous · 1⤊ 0⤋
It happens every year, its called supply and demand. Prices are always lowest between labor day and the start of home heating season.
In the spring when forecasters were predicting as many hurricanes as last year the price of crude oil went up anticipating disruptions in deliveries and gulf production. With no hurricanes to speak of the world price of crude backed off with the end of the hurricane season.
2006-10-02 15:13:41 · answer #8 · answered by Anonymous · 0⤊ 0⤋
Oh, it's a conspiracy, most definitely!
It's all the work of The Evil Oil Companies.
When Queen Hillary the Great takes over The Evil Oil Companies will be nationalized like in other socialist countries and then we'll live happily ever after. Seriously - you just wait and see!
2006-10-02 15:13:25 · answer #9 · answered by Walter Ridgeley 5 · 2⤊ 0⤋
I work at a gas station so I love it. I do not have to get yelled at about price gouging anymore. I do not set the prices. If you watch the news you can actually predict the gas price change.
Hint: (it would have to do with the middle east)
2006-10-02 15:12:52 · answer #10 · answered by truespartan2005 2 · 0⤊ 0⤋