I saw station that were $2.23 and are now $2.31
2007-02-24 08:17:41 · 6 answers · asked by Cuddly Lez 6 in News & Events ➔ Current Events
The markets are reacting to the inevitable failure of the US to get control of the oil markets through the attempted subjugation of Iraq; chasing Iran now before dealing w. the fallout of losing in Iraq will do nothing to stabilize the situation/markets.
2007-02-24 08:23:56 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Profit and greed motivation we have plenty of oil in the US but the companies do not pumpt it to keep prices and profits up.
People I know who worked in the oil companies said there are capped wells all over the US full of oil that the oil companies are purposely not pumping. A war would shut off competition so they could raise prices and pump from the US for even more money.
Ask the speculators means the people who invest in oil stocks also help determine the value of oil by paying to help store oil in reserves for futures sales when it is more expensive. Buy low sell high.
2007-02-25 00:57:08 · answer #2 · answered by Children are Our Future 2 · 0⤊ 0⤋
I'm sure according to liberals on Yahoo! Answers it is George Bush's fault so I'll save you the energy of blaming him on this one.
2007-02-24 16:29:54 · answer #3 · answered by Reynaldo 3 · 0⤊ 0⤋
ask the speculators.
2007-02-24 20:44:29 · answer #4 · answered by Anonymous · 0⤊ 0⤋
ask O'Reilly
2007-02-24 17:58:50 · answer #5 · answered by Anonymous · 0⤊ 0⤋
fire in Texas
2007-02-24 16:30:59 · answer #6 · answered by Anonymous · 0⤊ 0⤋