2007-03-24 14:01:06 · 7 answers · asked by gambitleblanc 1 in Social Science ➔ Economics
Well, Oil providing nations know how important oil is as of the moment so they try to make money out of this. Its easy money for them so why not use this to an advantage. Also it doesnt help that Bush is president.
2007-03-24 18:36:15 · answer #1 · answered by robzdb 2 · 0⤊ 0⤋
Here is the simple answer.
George Bush is an ex oil man, members of his cabinet are ex oil men. Bush is from Texas, where he has friends in the oil industry. The price of gas is going to get higher because Bush has only 18 months left, so he and all of his cronies have to get as much money as they can before his term ends. Payback for "buying" his victory for President.
2007-03-24 16:43:48 · answer #2 · answered by bigjfry 4 · 0⤊ 0⤋
I think it is simply because the people in charge have us over a barrel. I mean, what are we going to do? Boycott gas? No one is willing to do that, and since we need gas, we have no choice but to pay the prices, no matter how outrageous the prices become.
2007-03-24 14:39:49 · answer #3 · answered by ragincajun1957 4 · 0⤊ 0⤋
Extraordinary growth in China and India.
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2007-03-24 14:19:03 · answer #4 · answered by Zak 5 · 0⤊ 0⤋
George W and Daddy are low on cash I guess
2007-03-28 08:32:53 · answer #5 · answered by customcat2000 4 · 0⤊ 0⤋
high is a relitive term...in Germany the prices were four times what they are here...
2007-03-24 14:07:26 · answer #6 · answered by monkey 4 · 0⤊ 0⤋
b/c bush is president
2007-03-24 14:08:20 · answer #7 · answered by HU4L 2 · 0⤊ 1⤋