Unless it was just before election time?
2006-12-02 06:19:29 · 11 answers · asked by Ringo G. 4 in Politics & Government ➔ Politics
Absolutely, the war in Iraq is about oil, not about us getting it but rather the price of oil. It is now understood that any time there is a problem in the middle east the price of oil jumps up and George Bush knew this when he invaded the sovereign nation of Iraq. Bush is from an oil family and many in his administration are oil men, and when he allowed the big oil company's to set oil policy this is what they came up with. Cause a war in the mid east and the price of oil and profits will skyrocket and they did and this should be investigated and any wrong doing should be prosecuted.
2006-12-02 06:29:43 · answer #1 · answered by Anonymous · 1⤊ 2⤋
Yes, but only to a point. Most of the value of an oil company is from oil in the ground. If alternative sources of energy are developed, the value of the oil in the ground is reduced. The price of oil is manipulated to maximize profit$ while discouraging viable competition.
Sustained $80 / bbl prices would be good for the economy because at that price many domestic alternatives to oil would emerge. Over time the alternatives would gain economies of scale and the price would drop. Revenues from the domestic alternatives would stay in the domestic economy. $80 spent in America is better than $60 sent to OPEC.
2006-12-02 06:56:41 · answer #2 · answered by d/dx+d/dy+d/dz 6 · 0⤊ 0⤋
Of course they do as money is their God, thats all they care for, that and the power over others that their black gold allows them to exercise, we have seen them take countries to war, killing for greed! Only humans out of all the animals in the world will war for greed! The oil barons need to spread their wealth around, maybe have it taken from them, look at Iraq the only thing George the oil tycoon Bush has is control over the oil fields! That he will maintain until the last drop is gone, without oil there would have never beeen an invasion, OIL must be a wmd!
2006-12-02 08:09:13 · answer #3 · answered by paulisfree2004 6 · 0⤊ 1⤋
Exactly. A free market means that whoever controls the market is free to do anything he wants, including getting his son to start a phony environmentalist movement to cut off cheap, domestic oil so the Little Pigs Who Go to Market can reduce supply and have a pretext to gouge us.
2006-12-02 06:30:46 · answer #4 · answered by Anonymous · 2⤊ 0⤋
They want to restrict the sources of all other oilmen. Not theirs.
2006-12-02 06:44:14 · answer #5 · answered by yupchagee 7 · 0⤊ 0⤋
Of course. It is in their best financial interest to keep prices high. Until there is a reliable readily available alternative to compete with oil, there is little incentive to lower prices. If you want to see prices plummet, have someone come up with a viable alternative. There is nothing like competition to lower prices.
2006-12-02 06:28:07 · answer #6 · answered by Flyby 6 · 2⤊ 1⤋
I think the problems regarding supply and demand of oil are very well documented.
If anything, our President has kept the price of oil as low as it has been, with his policies.
Remember all the damage to refineries due to the hurricanes? Yet prices were kept fairly under control. Gougers were swifty punished.
Just another excuse to bash the President.
2006-12-02 06:26:01 · answer #7 · answered by ? 7 · 2⤊ 2⤋
No s*** Dick Tracy. What do you think OPEC is doing when it sets quotas. The objective of business is profit.
2006-12-02 06:26:02 · answer #8 · answered by Anonymous · 2⤊ 0⤋
Money, greed, hate of American. Take your pick
2006-12-02 06:48:58 · answer #9 · answered by Saint 3 · 0⤊ 0⤋
Do dogs bark.
2006-12-02 06:24:25 · answer #10 · answered by deadstroak 2 · 2⤊ 0⤋