Record high gasoline prices have NOTHING to do with record high oil company profits.
It's an interesting theory.
2007-06-02 21:51:08 · 12 answers · asked by Anonymous in Politics & Government ➔ Civic Participation
Tiredofit, its not a theory.
Its a lie.
2007-06-02 22:21:39 · answer #1 · answered by Anonymous · 0⤊ 0⤋
The price of a gallon of gas has little to do with the price of a barrel of oil. Many products come from that barrel including clothing, tires, roads, chemicals etc. The price is determined mostly by supply and demand. The gasoline producers keep the supplies low by not building new refineries and the demand high by encouraging people to by large gas consuming cars, trucks and SUVs. They fight government attempts to make cars more efficient and to build more refineries. In the 1970s Americans started buying smaller more efficient cars...the price of gas went down so low that we forgot about conserving and started wasting gas on larger trucks etc. This made the price of gas go up and profits to soar. You watch...now that Americans are starting to conserve again the price will go down and if we're dumb again we'll buy wasteful cars again and.... Its a vicious circle that will only end when we run out of oil or we switch to new energy sources.
2007-06-03 10:42:25 · answer #2 · answered by teddy4050 2 · 0⤊ 0⤋
Hah hah ha! What's really ironic is Iranians only pay .35 cents a gallon! It's so cheap they have to ration their gas! Fuc*ing hilarious, isn't it?! What's funnier? We actually don't need petrol. There are alternatives they don't like advertising, much more efficient and almost free! They just like to tie ridiculously unattractive rumors to so the consumers will not want to buy or even look into pursuing! We are blissfully adhering to idiocracy.
2007-06-02 22:58:26 · answer #3 · answered by gmoney 3 · 0⤊ 0⤋
Yes i heard that, but i also remember something about the Bush family having something to do with oil
you don't think the 2 could be linked do you
I also like the one we need more refineries, but nobody has built one in years, I guess there wouldn't be enough profit there
2007-06-03 01:49:30 · answer #4 · answered by G O 5 · 0⤊ 0⤋
So, I supposed its all the fault of crude oil producing states and oild companies are being forced--against their violent objections--to take money? Perhaps that is the justification for not passing the windfall profits tax bill?
Oh ya, they have one hell of a threorist!
2007-06-02 22:21:59 · answer #5 · answered by James S 4 · 0⤊ 0⤋
Yeah, yeah, the whole pro-profit supply and demand mularkey. It is an interesting theory...for those with Exxon stock.
2007-06-02 22:01:25 · answer #6 · answered by Anonymous · 0⤊ 0⤋
I'm not sure I understand. Are you suggeting that a company that sells its product at a higher price, given that consumption and expenses remain constant, that it won't necessarily see higher profits?
2007-06-02 22:06:34 · answer #7 · answered by Bunnyhop654 3 · 0⤊ 0⤋
Nope. But it sounds like a very interesting story that would defy all logical reasoning.
2007-06-02 22:04:32 · answer #8 · answered by Anonymous · 0⤊ 0⤋
Yes and it is no theory, it is true.
2007-06-02 22:01:46 · answer #9 · answered by Anonymous · 0⤊ 0⤋
sounds like bovine fecal matter to me
2007-06-02 21:55:48 · answer #10 · answered by nigel v 5 · 1⤊ 0⤋