or praise exxon and enron for a good job
2007-03-11 10:17:33 · 8 answers · asked by WMD LIE p 1 in Politics & Government ➔ Politics
Why on earth would we want to do that? Nobody can control the price of oil. Futures are traded on the open market. You could buy futures contracts if you wanted.
Perhaps you should take an Econ 101 class.
2007-03-11 10:23:59 · answer #1 · answered by Rick N 5 · 2⤊ 0⤋
The best answers to questions like this are the ones that say things like " Oil prices can't be fixed" or " Bush doesn't control the market "
that's someone speaking out of total naivety.. brainwashing or worse, someone making money from it..
One word... Enron, although not a unique situation it certainly crystallizes how deep the corruption goes... or how high up more accurately.
Beginning in 1999 http://www.houston.org/blackfenders/16B%20W003%20Oil%20and%20Gas%20Prices%20_3_.pdf
we see a steady increase in price..but if w look at the last 3 years we see something else http://www.randomuseless.info/gasprice/gasprice.html
and for those of you bent on the "OPEC" argument... think again http://www.zmag.org/weblinks/kerr_endofoil.htm
America produces the vast majority of our own oil.. Arab oil only accounts for 11.01 % http://rpc.senate.gov/_files/May2306OilDependencePG.pdf
the end result of the petrol economy is disaster .. with capitalistic abandon we'll go into a new dark age if we don't address this along with Climate Change, and Nuclear de-proliferation. This is truly a battle for our collective souls...
2007-03-11 18:13:10 · answer #2 · answered by sitizen_x 3 · 0⤊ 0⤋
Bush doesnt set oil prices, the world market does.
2007-03-11 17:41:36 · answer #3 · answered by Anonymous · 0⤊ 0⤋
You clearly failed economics class. Talk to OPEC they set the price. Mainly because most of the crude oil comes from them
http://www.conocophillips.com/newsroom/other_resources/energyanswers/oil_profits.htm
2007-03-11 17:20:51 · answer #4 · answered by John 5 · 1⤊ 1⤋
Yeah apparently no one understands that we don't have a liberal government yet and the president can't fix prices.
2007-03-11 17:34:57 · answer #5 · answered by archangel72901 4 · 0⤊ 0⤋
they will praise and follow blindly,, but thank God,, there only 27% of them out there,
2007-03-11 17:26:08 · answer #6 · answered by Anonymous · 0⤊ 2⤋
Nah, they will blame all the Democrats...trust me.
2007-03-11 17:23:09 · answer #7 · answered by CC 6 · 0⤊ 2⤋
No, they will all be laughing all the way to the bank..
2007-03-11 17:21:18 · answer #8 · answered by Anonymous · 0⤊ 2⤋