2006-12-14 06:21:14 · 4 answers · asked by Bam Bam Obama 3 in Business & Finance ➔ Other - Business & Finance
Because they can, and because people will continue to pay the price instead of going on strike and letting these oil companies have it in the seat where they keep sticking it to everyone.
2006-12-14 06:31:52 · answer #1 · answered by Anonymous · 0⤊ 0⤋
That's a very good observation! A friend of mine who works for one of the major oil companies once told me that its the marketing people who are making the money off of the higher gas prices and that even though price of oil goes up and down, it does not significantly affect the operating expenses and profits of the drilling crews and the refineries. They profit roughly about $3 a barrel, give or take 50 cents and some change based on the price of oil at the time.
2006-12-14 14:39:49 · answer #2 · answered by Joe K 6 · 0⤊ 0⤋
that is the godhood that monopoly brings. they can because how else are we going to run our cars?
tyrant monopoly can make the rules.
2006-12-14 14:46:08 · answer #3 · answered by SAINT G 5 · 0⤊ 0⤋
They are correlated, but not perfectly.
2006-12-14 14:25:53 · answer #4 · answered by Anonymous · 0⤊ 0⤋