2007-06-30 10:28:58 · 13 answers · asked by Ringo G. 4 in Politics & Government ➔ Politics
Yeah...are you suprised? That's how they make their money. Common sense. Sorry if it aint the answer you wanted. I hate high gas prices too.
2007-06-30 10:35:19 · answer #1 · answered by The prophet of DOOM 5 · 1⤊ 1⤋
Of course the Bush family and investor friends love high oil prices. So don't the Clintons. The sad thing is, Bush is President and Cheney the VP...they shouldn't be making a dime right now, on their miserable policies!
2007-07-06 22:51:47 · answer #2 · answered by little timmie 3 · 0⤊ 0⤋
That does not make any sense. The oil companies make the same profit on a gallon of gas at three dollars as they die at one dollar. The additional cost of crude oil is what is being passed to the consumer. Cheaper gas prices would mean they would sell more gas and make more money.
Higher crude oil prices may make oil wells, previously too expensive to operate profitable again. In that respect, it might make the owners of those wells happy. So what?
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2007-06-30 17:34:56 · answer #3 · answered by Jacob W 7 · 1⤊ 1⤋
Hey when the Oil Company makes .07 cents on the gallon and the government is making some times over a $1.00. Who are the real crooks?
2007-06-30 17:32:45 · answer #4 · answered by Anonymous · 1⤊ 1⤋
I would assume it makes them and the shareholders very happy, yes. However does it make up for the times of low oil prices?
2007-06-30 17:32:07 · answer #5 · answered by hardwoodrods 6 · 2⤊ 0⤋
And the government ... they loathe them?
Here's an idea: cut the taxes on gas and open the market for competition. Oh wait ... that means we'd have to allow DRILLING!!!
2007-06-30 17:31:39 · answer #6 · answered by Anonymous · 2⤊ 1⤋
Yes, and so do investors in oil companies.
2007-06-30 17:31:39 · answer #7 · answered by regerugged 7 · 0⤊ 0⤋
That's pretty much a given.. Don't you think? Just like Pizza hut loves football season...
2007-06-30 17:33:49 · answer #8 · answered by Wyco 5 · 3⤊ 1⤋
Yes, but they absolutely adore high profits.
2007-07-06 12:36:51 · answer #9 · answered by merrybodner 6 · 0⤊ 0⤋
Yeah. They love Republican politicians who protect their price-gouging too.
2007-06-30 18:04:39 · answer #10 · answered by The Doctor 3 · 2⤊ 0⤋