is it because enviromentalist are stopping the U.S. from digging up oil. seriously, America has so much oil in its ground . theres no fu**in way that we're running out of oil. it has to be because of enviromentalist
2007-06-12 04:36:14 · 10 answers · asked by Mark W 1 in News & Events ➔ Current Events
I agree
2007-06-12 04:39:41 · answer #1 · answered by evildragon1952 5 · 1⤊ 1⤋
The problem isn't with oil prices, as much as it is refinery capacity. But, even with that many people are looking at the wrong side of the picture.
Would the people of this country accept for this government to raise taxes by say 40% over night. Heck no we wouldn't. So how can the goverment raise funds without raising taxes? Have their buddies who control the futures market falsly make the gasoline shares to sky rocket, while they say they can't do anything about it.
Simple math. About 80 cents of evry dollar in gasoline is tax. So when gas was only a dollar a gallon. The goverment received 80 cents. Two daollars/gallon the goverment received $1.60. Now that gasolins is over $3.00 a gallon they government now receives over $2.40/ gallon.
Lets say that only 10% of the Country drives a car. That would be about 30 million cars, and say the put only 25 gallons in their car per week- 50 weeks per year. Thats about 90 trillion dollars in revenue. So in just about 5 years they were able to increase the tax revenue from about 30 trillion dollars to 90 trillion dollars, and they didn't need to raise taxes.
That's why the gas prices are so high, and we wont see them go down anytime soon. If ever!
2007-06-12 13:26:20 · answer #2 · answered by Anonymous · 0⤊ 1⤋
Nah, I dont think so, the US has some, but bear in mind, I don think we wan to unearth it all for strategic reasons. We'd rather burn the Saudi oil now, and when everyone else runs out or is paying $20 a gallon, the US will still have a large reserve to keep the US going for a few more years if needed.
2007-06-12 11:45:32 · answer #3 · answered by bmwdriver11 7 · 1⤊ 1⤋
either way, the world is going to run out of oil within the next 100 years.
We must find an alternate source of energy soon before the world slips into chaos over energy.
2007-06-12 11:52:35 · answer #4 · answered by Anonnnn24424 5 · 2⤊ 1⤋
It is because we the 63% of the people do not Vote .The money grabbing politicians who take their orders from the money given them by corporations. alow the fleecing of all of us.
Vote next time.
2007-06-12 11:43:38 · answer #5 · answered by Christopher S 2 · 0⤊ 0⤋
So I guess according to Terry we have something to look forward to? When Hilary, Osama or Edwards is in office we will see prices drop back down to 1.25 a gallon. Yeah right I think I will see my dog grow wings and fly first.
2007-06-12 11:57:04 · answer #6 · answered by Ladybugs77 6 · 5⤊ 1⤋
You're looking at the wrong side of the equation. The problem isn't with the supply of crude, the problem is with the supply of gasoline. In short, there aren't enough refineries to keep up with demand.
2007-06-12 11:39:24 · answer #7 · answered by firstythirsty 5 · 1⤊ 2⤋
Gas prices are high because Exxon-Mobil and BP set them high. If you've seen their profits lately, you can't blame them for keeping them high.
2007-06-12 12:47:42 · answer #8 · answered by cls352 3 · 0⤊ 1⤋
Uh....No...It is because George W. Bush is an oilman...and he is purposely letting the prices get out of control...Between the war and gas prices, he should be impeached...And to the children who are too young to remember, but think they have an opinion on here on issues they are too young and naive to know about, the US didn't have this problem when Bill Clinton was president...It is not a coincidence...
2007-06-12 11:44:57 · answer #9 · answered by Terry C. 7 · 0⤊ 7⤋
firstythirsty is correct, but having a weak US dollar doesn’t help either when most of all our gas is imported.
2007-06-12 11:44:57 · answer #10 · answered by Jeff 2 · 0⤊ 2⤋