Ok....flashback to when gas was over $3 a gallon. We were told it was that high because we are using too much, supply and demand.....and if we used less it would cost less..blah blah blah.
I heard an interesting story on the news about a month ago. Winter was warm in the east and nobody was crankin up the heat. Oil prices were plummeting, and OPEC decided to SLOW production in order to raise the PRICE!!!
(just a blurb of a story....once, only once, and not a mention since) What happened to it's all our fault and supply and demand??? I think we've been duped. What do you think?
2007-02-09 14:02:11 · 9 answers · asked by Anonymous in News & Events ➔ Current Events
Yes you have. I live in Canada and we supply 50 % of your countries supply of Oil and natural gas .
2007-02-09 14:05:37 · answer #1 · answered by Anonymous · 0⤊ 0⤋
It is about supply and demand.
When it got to 3 bucks a gallon people slow down the use and supplies built up than price drops.
It is about supply and demand nothing I know of that has keep its price down like oil.
Oh yea that 3 bucks a gallon the government was 60 cents of that.
They demanded oil companies take a hit but the government never offer to lower the taxes at all.
That is where we are getting dupe.
2007-02-09 22:29:40 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Yes, and its been going on for decades. It cracks me up. The price of gas shoots sky high, people scream about gouging, and Congress hauls the oil barons executives before a panel. An what happens? Nothing but a dog and pony show as usual. A week later its back to business as usual for the greedy s.o.b's. And some people have the gall to defend these pigs. Unbelievable.
2007-02-09 22:10:48 · answer #3 · answered by Anonymous · 1⤊ 0⤋
the price of gas is mostly (99%) due to the futures (commodities) price fluctuations. Yes it does have to do with supply and demand, but more important is market speculation. If investors start going "oh crap we are hitting a shortage" then they start buying oil futures, which in turn drives up the price. look into futures trading to see how it work, so in few words the national enquirer influences prices more that we do.
2007-02-09 22:13:11 · answer #4 · answered by crow 1 · 1⤊ 0⤋
Duped has been us since the Civil War...you really think we fought for Blacks Freedom..haha..it was so the Civil
unions couldn't form a State to compete with the North. Everything has a REAL reason behind it....but don't worry...the Iraqi we are supposedly NOT benefiting fro ...is supporting the war and Social Security.
2007-02-09 22:11:56 · answer #5 · answered by boyntonbeach404 1 · 0⤊ 1⤋
That is only part of the systematic manipulation of Americans by government condoned thievery
2007-02-09 22:05:23 · answer #6 · answered by Clarkie 6 · 1⤊ 0⤋
ask me again when we reach peak oil
ie the half way mark
shortage what shortage
remember the 80's oil ''shortage'' was only 3 percentage ''short -fall'
2007-02-09 22:27:13 · answer #7 · answered by Anonymous · 0⤊ 0⤋
Whenever it suits the government to have a shortage or a surplus of anything, they will let us know.
2007-02-11 01:29:03 · answer #8 · answered by Anonymous · 1⤊ 0⤋
I think the speculators have something to do with it.
2007-02-11 01:34:11 · answer #9 · answered by thevillageidiotxxxxx 4 · 1⤊ 0⤋