Liberals said Bush would make prices go up for "Big Oil". I paid $1.99 today. Could it really be just supply and demand?
2007-01-12 10:59:43 · 11 answers · asked by senior citizen 5 in Politics & Government ➔ Politics
Liberals apparently think Bush is some sort of omniscient God-like entity, since the price of oil is controlled almost entirely by countries outside of the U.S.
How could Bush possibly control the price of oil?
The whole thing was just a ruse to try to slam Bush during the election.
I guess it worked, because now the Democrats are in control.
Too many people are morons and actually believe this kind of assinine propaganda.
2007-01-12 11:15:19 · answer #1 · answered by dork 7 · 2⤊ 2⤋
That is a crock of sh*t. Supply and demand has very little effect on prices, it's just a line fed to the public. The stock market has much more effect, ever hear of futures? It is speculation on the price of a commodity. If it is supply and demand driving prices, what happened to the oil shortage of thirty five years ago? Shouldn't the world be dry by now considering the increase of oil consumption over the years with population growth and other countries using much more than they did before, not to mention global manipulation? The oil industry is manipulated from every side and top to bottom. To answer your question in the simplest way possible, the price of crude is falling.
2007-01-12 19:16:56 · answer #2 · answered by Anonymous · 2⤊ 1⤋
Prices did go up...way up!!!! For a while gas prices were close to $3.00 here, and even higher in some places. Prices have gone down some, but not nearly enough, and no where near where they were before the war. Prices here are still quite a bit over $1.99. I would be thrilled if I could find gas that low!!!!
2007-01-12 19:21:20 · answer #3 · answered by Anonymous · 1⤊ 0⤋
It is solely market driven. It's been as low as $1.99 in my state, also. However, OPEC can control the market by withholding oil and force the price up. The amount of oil reserves we have on hand can help offset that, however.
2007-01-12 19:06:09 · answer #4 · answered by David M 7 · 7⤊ 0⤋
Oil is down. Gas is up a dime here. With the price of oil right now, it should be cheaper. It's $2.18 here. Oil could be $30.00 a barrel. They're still going to stick it to us.
2007-01-12 19:05:17 · answer #5 · answered by flip4449 5 · 5⤊ 2⤋
Oh exactly, I also paid $1.99. It clearly shows the negative flap our President gets for anything that they don't like. Yet, anything good that happens is swept under the rug. Their hatred so deeply inbedded in them they can't see what is what.
2007-01-12 19:12:42 · answer #6 · answered by patrioticpeladac 4 · 2⤊ 3⤋
Much to my amazement the repuke's were right on this one. I sure hate to admit when I am wrong. But I do. How is the war going?
2007-01-12 19:15:15 · answer #7 · answered by Anonymous · 1⤊ 1⤋
year ago, $3.50/gal. why? where i'm at, nothing comes from the gulf. price per barrell less now than 5 yrs. ago. 5 years ago $1.29/gal. why?
have you seen shell oil's profit/loss for last year? they made more profit than the previous 4 yrs. combined.
2007-01-12 19:07:26 · answer #8 · answered by Anonymous · 4⤊ 1⤋
Democrat Politicians just lie, lie, and lie.
But the Democrat Voters never catch on, eh???
Some do. I did. The Democrats may bend me over by force, but I will never again bend over to them on purpose.
2007-01-12 19:06:56 · answer #9 · answered by Anonymous · 3⤊ 3⤋
it dropped just before, raised a little, and has remained fairly steady since. maybe bush has helped keep the prices down to raise his approval rating
2007-01-12 19:04:52 · answer #10 · answered by crossndunk 3 · 1⤊ 5⤋