How can we stop the oil producing countries to taking exorbitant profit on sale of crude oil?

Question

Most of the developing countries are adversely affected by
their profit hunger and miserably that is also misused as
we all know.

Answer 1

Lower the price of oil by coming up with alternative energy sources. If oil were worth $3 a barrel, those countries would be forced into the modern age in their political and economic lives. Or they would just become poor. Either way, they become less of a threat.

To do that (says Tom Friedman), we need a "Manhattan Project" - big investing on new technology - like the one Bush should have announced instead of going to war on Iraq.

Answer 2

Well, let us first look at the major region of the world that extracts crude oil: the Middle East. Since 2003, George W. Bush has been sending troops to the Middle East in order to find the fictional WMDs Iraq was supposed to have. Yes, we found Saddam, removed him from power, and recently executed him for his war crimes, but we never found the WMDs.

Why am I bringing this up? While our troops were in Iraq, insurgents have been attacking "liberated" targets, such as crude oil pipelines and pumps. On top of that, a portion of the crude oil is held in the country to fuel the war effort (no intended pun).

On top of that, the crude oil that reaches us have to go to the refineries. One of the biggest, and also a backer of the war effort, is Haleburton. They refine the oil into gasoline and other petroleum based products. A large portion of the refined petroleum goes straight back to the government to help the war effort and re-elect war backing officials. The rest of the refined petroleum goes to us, where inflation kicks in on our puny wallets.

Now, why did I go over all this instead of answering your question straightforward? Because the crude oil prices are currently low enough that at least 50c off of the gas prices can be dropped. However, because of the war effort, the energy crisis, and the suppression of research into alternative fuel sources, the refineries are free to overcharge patrons of this non-renewable necessary resource. If we want the price of gas to drop, we must push for an end to neocolonization, the end of gas-gussling vehicles, and a renewed interest in alternative fuels.

Answer 3

We (in the west), have long held the belief "He maybe a bastard. But, he's our bastard!" And, throughout the cold war, we would turn our backs on certain practises, carried out by friendly Governments.
Now days, oil producing countries are wiser. They now know, that it is they who have the power.
Therefore, it isn't an easy path to tread. We can say " we will not support or aid such a regime!" They can say, " we not sell oil to such hostility!"
The only way forward (I believe), is to specify areas, where we would withhold aid, or support, tell them why, all the while ensuring aid and support going to other areas is going to other areas.
Make sure any country breaking these terms suffer the same fate.
Lastly and most importantly, we most show how effective good governing is.

Answer 4

No, that's a good element. it would immediately harm the Ruling Elite. in straight forward terms rugged, self sufficient human beings might thrive. The super wealthy might cover while they might now no longer arise with the money for armed guards. What is going around comes around. faster or later. they might run yet they can't cover. faster or later. u.s. fared extra effective before the discovery of the kind T in lots of techniques. The gasoline engine required much less costly gasoline and oil grew to become into very much less costly. till then, kinfolk got here first and maximum of the folk believed interior the magnitude of ethics and morality, religious or no longer. no count if wealthy or unfavourable, black or white, jew or christian. Then, there grew to become into no longer hundreds of thousands of amoral voters desirous to sell drugs or their bodies. money and refusal to artwork no longer ordinary and obey the guidelines have had a very corrosive consequence on society often. yet now their purely isn't one cohesive society. There are islands of society, with darkish submerged resentment and distinctive agendas. The resentment and downright hatred has been swept under the rug, in an attempt to speak, regardless of the undeniable fact that it has in straight forward terms grown and appeasement and political best language has saved certainty under the outdoors. while Rev. Wright dared to speak up and tell the certainty, he grew to become into quickly shuffled off into exile. Time after time the certainty has bubble up. Now this united states of america is popping out of a protracted sleep and the fantasy is ending. no count what, the alternatives of the appeasers interior the U.S. Congress has been costly in the two financial words and wasted time. yet that grew to become into the day gone by, in the present day is distinctive. The corruption, immorality and huge debt demands substitute, that's definite. however the end results of substitute ought to fracture or devastage this Republic. The darkish Lords of Media are patently fanning the flames with incorrect information and company propaganda. The medical care must be deadly to cohesion and the present device. this might't be seen by making use of the very youthful or every physique stand to on the element of any single clue. however the development has emerged in Election 2008. that's no longer the wonderful of circumstances and can possibly be the onset of the worst. it could quickly substitute right into a combat for survival. The troops may be needed to help come to a decision the consequence.

Answer 5

The answer is simple - reduce the global risks.
Currently the political risk is about 50-60% of the price of oil.
There is Iraq, Chavez, Iran etc...
You remove these factors and the price of crude will be around 25-30 $/Barrel...

Answer 6

Can you stop MF Hussain to taking exorbitant profit on sale of his painting?
Can you stop Amitabh Bachhan/ Shah Rukh Khan to taking exoribitant charges on services of acting / advt. etc.
Every one has a right to sell anything at any price.
You have a bldg. You can sell it for 10000 or for 10000000/-.
A bldg. opp. Modern School on Barakhamaba Road, Delhi, worths above Rs 50 crore is donnated to Arya Samaj.
Buyer can opt for other modes.
You can use gas in place of oil. Save oil, use ghee etc.

Answer 7

By finding alternative energy solutions.
There's no other fair means in capitalism.