the big oil companies should take a hit like we are. why should we get ripped off and the large oil companies continue making record profits?
2007-03-08 14:36:59 · 8 answers · asked by Anonymous in News & Events ➔ Current Events
i see a lot of stupid answers. why?
2007-03-10 15:21:05 · update #1
Trade in your gas-guzzling SUV, slow down, only drive when you must. If you make the oil producing cretins eat their oil, they'll have no choice but to lower the prices.
2007-03-08 14:51:51 · answer #1 · answered by sean1201 6 · 0⤊ 1⤋
The world oil markets are very volatile.
The price of oil has a lot to do with speculation on what the demand will be in the future. And as it is now, the demand is going to skyrocket. China and India are experiencing an industrial revolution similar to the one the United States had at the turn of the 1900's, and oil is what drives the revolution.
That being said, these countries are demanding more and more barrels or oil every day, and all the facilities that extract and refine oil in all the world can only produce a certain amount per day.
And the world's demand is pushing closer and closer to that threshold. In order to avoid hitting that threshold, OPEC raises the price of oil which, very simply put, makes the world as a whole purchase less gasoline, making sure there is more 'supply' than there is 'demand'
While it is true that these oil companies are making tons of money, much of that money is reinvested into extracting more oil.
Some of the places they are trying to get this oil from are the harshest environments on the face of the earth, and it takes money and resources to get extract the oil from the ground.
If you have more questions feel free to email me at michaelj@siu.edu or AIM me @ Krusader3z
2007-03-08 15:37:34 · answer #2 · answered by Mike SIU 2 · 0⤊ 3⤋
Dont buy a truck!!
Country City Per Gallon!!!
Netherlands Amsterdam $6.48
Norway Oslo $6.27
Italy Milan $5.96
Denmark Copenhagen $5.93
Belgium Brussels $5.91
Sweden Stockholm $5.80
United Kingdom London $5.79
Germany Frankfurt $5.57
France Paris $5.54
Luxembourg $4.82
Ireland $4.78
Switzerland $4.74
Spain $4.55
Japan $4.24
We have it good compared to other countries
2007-03-08 15:06:43 · answer #3 · answered by Matt21 3 · 1⤊ 2⤋
Spring Break. You probably wouldn't feel that way if you were an owner/investor of a large oil company.We (Americans) pay less for fuel than most of the planet.
2007-03-08 14:46:44 · answer #4 · answered by Dogness 5 · 0⤊ 1⤋
They gatta make sure the first quarter profits are a record breaker again..
2007-03-08 16:47:03 · answer #5 · answered by xyz 6 · 1⤊ 0⤋
your Q should be "why doesn't the news, like O'Reilly say anything about it anymore?
answer,
the oil company's threatened the news channels not to do any commercials anymore, that keeps there mouth shut
2007-03-08 15:35:11 · answer #6 · answered by Anonymous · 1⤊ 1⤋
thank you nancy peloski she helped out in the first 100 hours
2007-03-08 14:44:47 · answer #7 · answered by sam hill 4 · 0⤊ 1⤋
Because WE keep buying gas like there's no tomorrow. And if we keep it up, there won't be.
2007-03-08 14:42:06 · answer #8 · answered by Joseph, II 7 · 0⤊ 1⤋