to increase output. Shall we still blame them for it nontheless? since we do most of the time anyway. Interesting how Big Oil Companies like ExxonMobile and others are making record profits.
2007-09-13 00:28:49 · 6 answers · asked by 2012 4 in Politics & Government ➔ Politics
Can't blame them, economies of scale is working in the oil companies failure.
I do question giving the CEO 400 million dollars as a good bye payment, how about the common workers retirement?
Regarding the price of oil and OPEC, its clear to me 3 years ago oil will never be below 60 again, I fought with people who had 30 years in this industry and said oh no its just a fluke,
they're analysis did not take into account the current geo-political situation, where basically those countries over there hate the United States of America, the security around oil pumps in that region is awful, its hard to retain good quality workers, foriegners with high education ain't exactly staying around with all the beheading, and human nature is to not go back for a while.
Growing up as a kid there was a neighbor who would go over to these countries to monitor the oil pipelines. Now he of course is in his 80s, but if he was in his 50s, I'm sure he wouldn't want to go over.
Hence production over there is affected, and OPEC's hatred of the west is giving them motivation to keep prices inflated on top of that.
If the United States keeps acting this way, I'm thinking we'll see 100 a barrel oil soon and gas at 4.50 a gallon in America,
but don't worry, the next CEo to leave an oil company will probably get 450 million so, he's not really concerned about you and me getting screwed at the pump,
and the plutocracy we live in - the politicans and the shareholders of the haliburtons of this country, they're going to invade countries every few years to sell government weaponry, incraseing share price and profits.
I for one am not fooled. The solution is maybe none. REpublicans and Democrats alike are not going to help.
2007-09-13 01:26:26 · answer #1 · answered by Anonymous · 2⤊ 1⤋
No Opec is not to blame, demand historically is very high, with the burgeoning economies of China and India being a major factor in this. Also lets not forget the world has a large number of Non-Opec oil producing nations like Russia, the prices are merely a reflection of demand (high) vs supply (limited and not easily increased in the short term).
2007-09-13 01:03:51 · answer #2 · answered by Homer S 2 · 0⤊ 0⤋
through fact whilst the cost is low, each and all the investors or maybe the government loses all interest, and then whilst it rises back, there is an uproar till the cost is going down back. it truly is changing as this is going to proceed to fluctuate wildly. Oil and different industries have even bought option study companies to sidestep option potential progression...that too is changing. OPEC does no longer "artificially" set costs--they exercising their suitable to set the charges as they see greater healthful, and each so often meaning placing it greater. What business enterprise or industry would not try this? purely 0.5 the oil countries are OPEC, BTW. the US additionally reward whilst costs pass up as we actual export particular grades of oil. the hot hassle is Russia (oil) and China (desires oil) connecting up back--now it truly is irritating.
2016-11-10 07:42:45 · answer #3 · answered by blair 4 · 0⤊ 0⤋
There are so many Bush insiders and oil corp insiders who have been quietly collecting evidence of collusion and murder (open Bush's secret public energy policy for the full list of names) that after the dems take office Bushco's day of reckoning in court is inevitable.
There are already all kinds of leaks from inside the Bushco crime family and he's still in office.
2007-09-13 00:34:59 · answer #4 · answered by easy_game_101 2 · 2⤊ 2⤋
People are going through life with blinders on... it amazes me.
2007-09-13 06:23:09 · answer #5 · answered by Anonymous · 1⤊ 0⤋
why the war
2007-09-13 02:28:10 · answer #6 · answered by Anonymous · 0⤊ 0⤋