will a new president that is not an oil tycoon help bring down the price of fuel ?
2007-03-05 07:43:17 · 11 answers · asked by MIKEY 2 in Politics & Government ➔ Government
Undoubtedly. The prices are adjusted to regulate supply and demand. They are like any business. Raise prices when supply can't keep up with demand, and vica versa. And, even if you believe oil is infinate/HUGE supply, it's becoming more and more expensive to extract at every source. You'll pay the price in my opinion, and it will hang on demand. China 1.2b, India 1.3b.. 8% growth rate in China with India right behind. Bicycles are disappearing from their roads to be replaced by cars.
2007-03-05 08:14:13 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Not that we currently have an oil tycoon President. Honestly, people... By the way, it's Congress who levies all the taxes on gasoline that add an extra 75-200% to the prices, isn't it? Sure, the President approves them, but where do they originate?
To answer the question, yes, gas prices will continue to rise. Politicians will want more and more money, and as long as they have a convenient scapegoat (the oil companies -- although they certainly aren't helping any), they'll continue to raise oil taxes so they can have more and more money and more and more power.
2007-03-05 16:12:43 · answer #2 · answered by Richard S 5 · 1⤊ 0⤋
I think it's all politics. I remember a gas shortage scare back in the 70s I think it was and Bush was not president then. I was traveling to Maine back then and after all the media hype of not having enough gas, we almost cancelled our trip. My dad said go ahead but fill up when you reached half a tank. We only saw two stations on the thruway in NY that only allowed you to get 5 gallons at a time. Some stations in our city would only give out gas to their regular customers. Politics, that's all it is. I don't think whoever is the president will be able to bring the price down much. They may say they will but I don't think they will due to the situation in the Middle East.
2007-03-05 16:08:02 · answer #3 · answered by lilith663 6 · 0⤊ 1⤋
Yes, that's why I'm buying oil service stocks right now. Change over at the refinerys is in May, Hurricanes start the end of June, and our attack on Iran might come at anytime.
2007-03-05 15:48:00 · answer #4 · answered by Anonymous · 1⤊ 0⤋
Yes. No president will ease the need for oil. Wait about 20-30 years and we will have very little need for oil anyway, until then move closer to work.
2007-03-05 15:47:56 · answer #5 · answered by Anonymous · 0⤊ 1⤋
Not if the US leaves Iraq & a civil war breaks out not only in Iraq but throughout the mideast. If that happens you'll be paying $10 a gallon for gas.
2007-03-05 15:47:49 · answer #6 · answered by Anonymous · 1⤊ 0⤋
I don't "FEEL" it, hell, I know it. It happens every year about this time. I work at Yosemite in the summer months, and you should see the prices around there. I think you could call it "Corporate Greed".
2007-03-05 15:48:50 · answer #7 · answered by johN p. aka-Hey you. 7 · 1⤊ 0⤋
That's funny! That's just like people blaming Carter for the gas issue in the 1970's... Keep on tokin', my friend.
2007-03-05 15:51:23 · answer #8 · answered by sjsosullivan 5 · 0⤊ 1⤋
Well, we're approaching nice weather and driving season so at least in the short term we can expect them to rise.
2007-03-05 15:46:03 · answer #9 · answered by History Buff 2 · 1⤊ 0⤋
Budget for $5.00 per gallon by 2009.
2007-03-05 16:15:00 · answer #10 · answered by Rja 5 · 1⤊ 0⤋