I thought the war was going to be funded by the money from oil. Yet I see that The USA is still spending Billions in Iraq with no or little political gains. The money is going to the oil companies and not to Iraqis. Should we still have to pay this much for gas if it is not going to help the war effort. What can we do about it?
2007-09-22 14:12:27 · 21 answers · asked by Parrot Bay 4 in Politics & Government ➔ Politics
It is true that the price of oil/gas is based on supply and demand, those who supply it - demand more for it!
Politics and the war aside, why aren't we moving towards bringing ethanol more into the main stream?
If the U.S. could replace it's need for foreign oil with home grown/made ethanol we would not need to secure an interest in the stability of the middle east!
By some estimates, there is only enough oil reserves to last 60 more years, it wont be until that time that the U.S. will begin full development of alternative fuel sources. And you can bet your gas tank that the oil companys will make sure that any alternative fuel will cost just as much if not more then gasoline does now!
2007-09-22 15:05:51 · answer #1 · answered by bender_xr217 7 · 4⤊ 1⤋
Yes..and anyone at this point who doesn't know that his war is for oil is an absolute fool who couldn't see the truth if it was staring them in the face (which it has been for three years). But here is the thing..The war for this oil is long term reserves..not short term.And people have toruble conceptualizing that. Right now Bush's allies and business parteners, the Saudis control the oil and therefore the oil and profits. Bush and Cheney and ther partners ahve major stock in US Oil companies, what has that done since the War? Exxon Mobile $40 billion profit in 1 qtr!. SO if we control the Iraqi oil. We keep it off the market and therfore the Saudi Supply is the Chief control of the suplly and price, so in that way yes it is supply and demand.
Even Greenspan has come forward to say Iraq war is for oil
2007-09-22 21:23:31 · answer #2 · answered by Myles D 6 · 2⤊ 2⤋
Gas prices have went up for many reasons.
The biggest reason is the rest of the world (china being a mojor factor) is consuming more oil than ever before. The price of gas is mainly affected by the demand of it. As they can only pump so many barrels a day when demand starts to catch up with supply they raise the price.
With your thinking you would be derailing all of your liberal buddies therory that the war was about bush stealing oil.
Learn a bit more about economics prior to posting a question or at least post it as a question instead of a statement if you don't know what you are talking about.
I remember my 1st truck I bought was 6,500.00 brand new. now you can't touch one for under 19 to 20k and that is a bare model. Prices go up thats life.
Beleive it or not Bush doesnt control everything that goes on in the world.
Gas Prices would go down and we could be a bit less reliant on foriegn oil if the liberals would stop blocking attemps to drill for oil here in out country. We have plenty of it and if we used some of it it would do two things to lower the price world wide. 1st it would show them we are not dependant on them for it and second it would relieve a bit of the supply problem which would also lower the price.
2007-09-22 21:25:56 · answer #3 · answered by Geoff C 6 · 2⤊ 2⤋
I'm not sure, but damn thats an excellent question. As long as "the masses" keep accepting cheap excuses like "demand is up" nothing will ever happen. OPEC announced last week it was increasing production. The next day a barrel of oil rose nearly $2. Every year we keep hearing that gas prices rise because demand rises after Memorial day. While this has been the case in other years, this is the first time gas prices actually rose after labor day. Every other year the prices fell by an average of 8 cents a gallon. I guess as long as there is an oil lobby paying politicians (republican & democrat) to accept their record profits, nothing will be done. But if we can get thousands of people to freak out and protest the jenna 6, yet no one will even protest these prices & profits, or even boycott gas in an organized manner, just shows how screwed up our priorities have become. I don't miss much about the 60's, but damn, they sure could organize!!
2007-09-22 21:28:19 · answer #4 · answered by kurt k 3 · 1⤊ 3⤋
Though we should be taking some oil to pay for freeing them, no one ever said that would happen. I was paying 99 cents in the early 1990s.
Oil companies arent making much per gallon the government gets the largest share behind the suppliers (countries) then their are refinery costs, transportatin and so forth with oil companies making about 5% profit/ More is being sold- think of all the people who even 15 yrs ago burned would to heat their homes but all use oil now.
2007-09-22 21:22:07 · answer #5 · answered by Anonymous · 2⤊ 2⤋
The money is going into the government coffers. There is more money going to taxes than there is going to profits of oil companies. In Texas they are starting a test program where people have to log their miles they drive and submit it to the state, then the state will send you a pretend invoice and tax you on the amount of miles you drove. They know that oil won't be around forever and cars are getting more efficient and they want to make sure they still get the revenues no matter what. Quit blaming the wrong people. Look to congress.
2007-09-22 21:18:44 · answer #6 · answered by Anonymous · 3⤊ 2⤋
You are dead wrong in your statement that the money is going to oil companies. The oil companies average 18 cents per gallon of gasoline. The Federal tax per gallon and the State tax per gallon is nearly twice that. When Bush took office crude oil was around $30 a barrel. It is currently over $80. Who sells the oil companies crude oil? When oil companies make a profit who benefits? The share holders benefit. Nearly 60% of the American people own stock either directly, through mutual funds and/or retirement plans.
You are entitled to your own opinion but not your own facts.
.
2007-09-22 21:51:08 · answer #7 · answered by Jacob W 7 · 2⤊ 3⤋
You are so right. And anyone that still thinks it's about supply and demand hasn't been reading about the oil companies profit margins during the Bush years. I'd like if anyone could explain what was going on between Cheney and the big oil companies behind closed doors back in 2001.
2007-09-22 21:29:40 · answer #8 · answered by Anonymous · 3⤊ 2⤋
The point is and was that the destabilizing of Iraq and the mideast has affected the price of oil. The price of oil has affected the price of diesel and the cost of transportation. That is reflected in everything we buy from the grocery store. Not only is the price of oil up but every commodity that is shipped using trucks and trains is up. Iraq is not the only factor in the price, no it is not, but it has been a big factor.
2007-09-22 21:29:36 · answer #9 · answered by Anonymous · 3⤊ 1⤋
oh my ******* god. another "why are gas prices so high?" dipshit. heres some news for you: theyre only going to go up. oil is running out all over the world. it will eventually be completely gone because oil is a FOSSIL FUEL, which means that it doesnt come back after you use it. right now were using more than we ever have, and this doesnt just apply to America, it applies to almost every nation in the world. trust me, pretty soon, gas prices will be the least of your worries.
2007-09-22 21:23:44 · answer #10 · answered by Anonymous · 1⤊ 3⤋