Israel or Turkey? Maybe the fire in Texas.
2007-10-15 09:02:34 · 23 answers · asked by Anonymous in Politics & Government ➔ Politics
Well, actually, nervous speculators.
But as far as proximate cause is concerned, I'm going to say Turkey. They signalled today that they're suiting up for a raid into Northern Iraq, and with the opening up of a new front in what was a stable part of Iraq, that makes markets edgy and the price went up.
But who pushed Turkey into Northern Iraq? Should we blame the PKK? Or Armenian-Americans and their push for that House Resolution defining the massacre of their ancestors as a genocide? Or was Turkey just looking for an excuse to get into Northern Iraq and hush this nonsense talk about some kinda Kurdistan with Kirkuk as its capital?
2007-10-15 09:10:15 · answer #1 · answered by DJ Cosmolicious 3 · 3⤊ 1⤋
I've said it hundreds of times, it's the speculators on the Commodities Exchange(Futures) on Wall Street. They are constantly looking for excuses to drive up the prices, then when the furor that THEY created dies down, they sell off for a profit. It's not supply and demand as many would have you believe, it's simply greed.
2007-10-15 16:17:48 · answer #2 · answered by Anonymous · 3⤊ 0⤋
The united states consumes 1/4th of the worlds oil each year.
enjoy.
2007-10-15 16:07:51 · answer #3 · answered by Anonymous · 2⤊ 1⤋
Do you think it might have something to do with the competition in the oil arena from China and Russia? I hear that they're soaking it up like crazy.
2007-10-15 16:13:34 · answer #4 · answered by Anonymous · 3⤊ 0⤋
I will love it when the Bush mongers don't have an answer as to why the prices of gas don't go down under the next administration.
2007-10-15 16:11:14 · answer #5 · answered by baby1 5 · 2⤊ 0⤋
The growth and modernization of China and India. They are buying up all of the oil.
2007-10-15 17:25:52 · answer #6 · answered by mjmayer188 7 · 2⤊ 0⤋
How about everybody?
Those who want to drive the big SUVs.
Those who won't refineries be built.
Those who don't want drilling off the coast of CA and FL.
Those who don't want any nuclear power plants built.
Those who want big homes heated and cooled without insulation
Those who want to fly in private jets.
Those who want to go to concerts to protest global warming.
Face it Jack we all have a hand in higher gas prices.
2007-10-15 16:10:01 · answer #7 · answered by Anonymous · 4⤊ 0⤋
The trading pit at the spot market exchange.
ARA in Rotterdam.
2007-10-15 16:06:24 · answer #8 · answered by Anonymous · 3⤊ 0⤋
Maybe the oil companies who are still making record profits.
2007-10-15 16:11:34 · answer #9 · answered by MadLibs 6 · 5⤊ 1⤋
Two oil men in the white house. That might explain part of it. The other reason is that we're past peak oil and the emerging nations of China and India demand more every day..
For this answer I get three thumbs down? LOL
2007-10-15 16:08:55 · answer #10 · answered by Zardoz 7 · 4⤊ 4⤋