We Americans use 24 million barrels of oil per day. India by comparison uses 2 billion barrels per day despite having many times our population and at least one third the size of our economy! Why do we need so much here? We need to change here this is out of control. Also, governments who subsidize gasoline are to blame too. That puts a hold on the free market and contributes to demand. This sucks. I wish they'd go down.
2007-05-08 08:56:50 · 7 answers · asked by Anonymous in Social Science ➔ Economics
Excuse my error..gas not has.
2007-05-08 08:57:11 · update #1
Gas is subsidized for people in other countries all over..so that the supply demand factor is removed..and so if the price of a barrel goes from $60 to $80..it has no effect on the price the consumer pays.
2007-05-08 09:10:01 · update #2
I'm not an economics professor, but supply and demand has to be at the heart of it.
If we stop using it so much, the price would go down.
Americans are addicted to oil, and we don't want to change. Having a car is the ultimate freedom (as opposed to having to walk to a bus stop, wait for the bus, get off 3 blocks from where you want to go and have to walk, perhaps change buses, etc.) But cars are also just about the most innefficient way I can imagine to get around. Do we each really need our own big metal complicated expensive gas-guzzling pollution-machine? If our cities were designed to be more pedestrian friendly, with better public transportation as well, it would be a big step to solving the problem. As it is, in most of the U.S. you basically HAVE to have a car to get around.
So I believe it is mostly our fault that we consume so much gasoline.
2007-05-08 09:10:24 · answer #1 · answered by PeteZa 2 · 1⤊ 0⤋
America's domestic oil production "peaked" in 1972 (remember the first "oil crisis"?) no matter how many holes we put in the ground we will never produce more than we did in 1972. Worldwide oil production "peaked" in December 2005 and will steadily decline until the last drop is pumped...same story here no matter how many holes the world puts in the ground it will never produce as much as it did in 2004.
This isn't propaganda it is Science based on the "Hubbard Peak Oil Curve" developed in the 1950's so oil companies could calculate the production run of a particular oil field BEFORE putting holes in the ground. The curve also works for whole systems of oil fields and worldwide production. Oil "experts" debated the "Peak Oil" problem for decades but virtually ALL now agree that we are past the peak.
THAT is what the wars in the middle east are all about...cornering the remaining oil reserves to control the world from here on.
However the current rise in gas prices is being blamed on refinery problems...there's plenty of oil just not enough refineries to turn it into gasoline...at least that's what we are being told. I think it is to push the USA past the point of financial collapse so the people who really run the world can easily convert the world economy away from the US dollar/pile of debt. The dollar bought 1.67 Euros in 2000...it now buys .63 Euros! The current US economy is holding on by a thread and a sharp rise in gas prices which will cause a fall in consumer discretionary spending and consumer confidence will cause the US economy to collapse.
2007-05-08 09:21:06 · answer #2 · answered by Perry L 5 · 0⤊ 0⤋
We are much more industrialized than India. You said it yourself. It has about on3 third of our economy. When did governments start subsidizing gasoline. They tax it to death but I am not aware of any subsidizing. One of the reasons are gas prices are so high is that we do not have enough refineries. The tree huggers got rid of them.
2007-05-08 09:07:42 · answer #3 · answered by TAT 7 · 0⤊ 1⤋
bush is greedy he wants peoples money. its like he wants to be paid with peoples money in order to work as president.just like the troop pullout timetable he vetos. its like we are only there to export gas from iraq to the u.s and i highly doubt if the gas prices will ever go back to the price they were before the war. its the government we got greedy government, and we have government who dont care about the people, they only care about making money and spending money and wasting money on a worthless and stupid war that should of ended by now. look how great this country used to be. now look at it this country is greedy,power hungry. this country needs financially ship shaped into good shape. and we need Govt who cares about us not money.
2007-05-08 10:20:30 · answer #4 · answered by Anonymous · 0⤊ 0⤋
The answer simply, is this. The big wigs know that we will pay the price, no matter how high, because we are lazy Americans.
2007-05-08 09:26:20 · answer #5 · answered by tkdrox 1 · 0⤊ 0⤋
1 word PRICE GOUGING (ok maybe 2)
2007-05-08 09:04:27 · answer #6 · answered by The new Dawg Father 2 · 1⤊ 1⤋
Cuz we're in america *****
2007-05-08 09:07:37 · answer #7 · answered by dev g 2 · 1⤊ 1⤋