OPEC(Organization of Petroleum Exporting Countries) export most of our gasoline in our nation. Although the crude oil price is still around U$59.00,they're planning to cut output to prevent further drop of gasoline prices.Is this act selfish or what?
2006-10-22 17:14:40 · 14 answers · asked by Anonymous in Politics & Government ➔ Politics
Well if you sell a product for $70 plus dollars for a certain time and then the price goes down, you begin to realize you aren't making the same amount of money. Basic supply and demand. Since demand has apparently decreased they need to reduce the supply.
2006-10-22 17:23:04 · answer #1 · answered by . 4 · 3⤊ 0⤋
You ask 2 questions which I will answer in order: 1) It was brought out 30 years ago by then President Jimmy Carter. He challenged America in his speech from 1978, too find the means to be Free from OPEC's controlling OIL in 20 years! (But he was laughed at.) For you righties that would have met. WE would have been Telling OPEC to EAT OIL! in 1998. Ten years ago! 2) You are wrong and listening too the Propaganda Talking Heads of the Fascist Right! True Alternative's to OIL will make it to the market place as SOON as WE Demand IT! This is why prohibition happened. Not some old Blue hairs wanting the Devils Drink banded from the American People! Too many people were running their Car on Moon Shine! Better Dead then Red! President Obama!
2016-05-22 00:01:59 · answer #2 · answered by Anonymous · 0⤊ 0⤋
let's wait until after the election....we may be surprised what happens then; or will we? While Republicans fought hard to distance Bush from this summer's horrendous hikes in gas, the are certainly using this as an election 'gold star' under his presidency.....hmmmm! Oil experts and others said that Bush does not control and can not do anything to lower gas prices, so why are they now indirectly giving him credit for lower gas prices?. My personal view is that the oil companies are very closely tied to this election and I would not be surprised at what deals are made behind closed doors. Weird politics I say....I may be wrong, who knows?....................NOT!
2006-10-22 17:34:44 · answer #3 · answered by IamwhoIam 2 · 1⤊ 0⤋
I thought the evil Bush controlled all the oil in the world and also OPEC.
2006-10-22 17:21:15 · answer #4 · answered by haterade 3 · 1⤊ 0⤋
They do not think it is high enough, after the election you can count on paying $3 a gallon at the pump. Oil man as president is the answer.
2006-10-22 17:17:56 · answer #5 · answered by Anonymous · 2⤊ 0⤋
It will take a little time for this to happen. Prices will start their way back up after the election. You make the connection.
2006-10-22 17:22:56 · answer #6 · answered by notme 5 · 1⤊ 0⤋
Because they have never been short or out of oil. Hugo Chavez is putting pressure on them with his prices and that is why the Neocons hate him.
2006-10-22 18:13:19 · answer #7 · answered by UNCLE FESTER 3 · 0⤊ 0⤋
This is their way of foreign Policy Controls.
WE ARE BEING CONTROLLED BY THEM!
We need to stop letting Democrats and the likes control what we can and can not drill. We MUST restart drilling our OWN oil and then look for other sources of renewable energy!
2006-10-22 17:17:24 · answer #8 · answered by lancelot682005 5 · 1⤊ 2⤋
Perhaps they would like to see a price spike before our elections?
2006-10-22 17:17:17 · answer #9 · answered by yupchagee 7 · 1⤊ 1⤋
to jack up the price further
2006-10-22 17:17:46 · answer #10 · answered by domule 2 · 2⤊ 0⤋