Does George Bush have control over Gas Prices? Does he make money on Oil Stocks? No stupid answers please.?

Answer 1

In fear of being called "stupid", I'm going with San Diego's answer as being best.

Although I never heard that diamond story before, I do know of phony off shore deals corporations do to avoid paying taxes. I do know of phony gimmicks like the Enron boys used to invent names of small corporations, and then funnel debts into them to make them appear like assets.

The fundamentals of business are not that difficult to understand. Most business engages in downsizing to get to bigger profits. The costs of incorporating are small, so they just keep using one corporation to do another corporation's work, and this is how they fool the public.

So, does Bush control our gasoline prices? No. The free market does that. There are so many oil companies around, so there is no control by any president.

We control that more. By refusing to buy gasoline when it goes over $3.00 a gallon, and finding other means, we force the price back down.

Now, I just want to reiterate what I believe is a glaring example of how big oil is ruining us all:

Exxon Mobil, the biggest American based refiner, once had a ship called the Valdez that spilled into the great Alaskan Bay in 1989 and caused severe damage. The government fined them millions of dollars. They now recorded record profits of about forty billion dollars (last year). The retiring C.E.O. gets paid $120.00 a minute. Tell me this isn't a frick+n joke!

Instead of being fined millions, they should have been fined BILLIONS so there would be less burden on taxpayers!

Yeah, if that means put them out of business...so be it!

Alaska, from what I hear, is still suffering from that gigantic oil spill.

Answer 2

Oh! Yeah! I'm pretty sure he calls the Arab at the corner of Addison & Ashland and tells him to jack up the prices every time there's any news about oil.... he never seems to call and tell him to lower them on " good news"....Maybe the Arab just knows that these people around here don't " shop" for anything... just " charge it" and party on Dude.
In other words: NO.....the bozo at the station makes the price, makes the money, makes the profit. END OF STORY
Oh! ...and question #2.... I don't know what George owns, but you can buy oil stocks if you want.

Answer 3

No, just oil prices up to a point. The U.S. has a strategic reserve of crude oil that is equal to a few months supply of oil. He controls this reserve. The U.S. doesn't have enough fuel refineries and that's what is keeping the gas prices high.

Answer 4

I think his handlers are smart enough not to make a direct line from big oil to Bush. But I do think there are interests in Texas which will make W's retirement more than comfortable.
Before the senior Bush left office, the U.S. forced U.N. troops to withdraw from protecting squatters in diamond mines in Africa. As soon as the coast was clear, diamond company bulldozers literally buried hundreds of miners alive in the mines rather than negotiate with them. The diamond mine was owned by Arab oil interests through a Canadian company. As soon as senior Bush was out of office he received a one million dollar "consulting fee" from that same company. All legal. Do you think his son will do worse?

Answer 5

HIS FAMILY HAS "INTERESTS IN OIL" AS THE SAYING GOES SO HE IS NOT GOING TO MESS WITH HIS FAMILIES "BREAD AND BUTTER" HE COULD EXERT MORE CONTROL BUT THAT WOULD MEAN LESS CAMPAIGN SUPPORT, LESS INFLUENCE, LESS CONTROL, PERIOD.

Answer 6

No and No