2007-10-31 03:43:46 · 21 answers · asked by Spartacus 3 in Social Science ➔ Economics
I`m going to give the obvious answer : the people selling the oil.
The way things work is if demand for something is high the price goes up, if demand for something is low the price drops.
Of course with oil it seems that the modern world has become addicted to its use and they are prepared to use it no matter what the price is. There hasn't been enougth searching for better alternatives (in my opinon). This leads to the situation of the companys selling the stuff constantly putting the prices up because everyone seems to really want the stuff and the demand just always seems to be so high.
If everyone lived like me the oil price would drop a lot. I am 36 years old and have never drove a car in my life, I cycle everywhere (on a pushbike) and find this solution not only works very well, it is also very cheap and keeps me healthy. Obviously if everyone done this demand for oil would drop an awful lot and so would the price of oil.
2007-10-31 03:53:25 · answer #1 · answered by Martin B 2 · 1⤊ 0⤋
The oil companies benefit but no more than they have in the past. As the crude becomes harder to reach the oil companies spend more to pump it. It is getting very expensive to pump and what many don't realize is that the oil companies will eventually quit pumping because the cost will be too great to make a profit.
2007-10-31 10:50:26 · answer #2 · answered by Enigma 6 · 2⤊ 1⤋
Not that many oil-related industries do better.
Exploration segments see new contracts, but most of the grunt work like refineries, shipping and retail don't see much improvement in their segments.
Alternative energy typically gets a big boost in demand when oil prices go up.
2007-10-31 10:52:42 · answer #3 · answered by asphaltjesus 3 · 1⤊ 0⤋
Oil companies.
2007-10-31 10:45:36 · answer #4 · answered by Shary 6 · 0⤊ 0⤋
oil companies and the countries that hold the oil reserves
2007-10-31 10:50:59 · answer #5 · answered by tuberk768 5 · 0⤊ 0⤋
Whoever is in the supply chain. Expect of course the gas station owner who makes the least, pennies.
2007-10-31 10:47:30 · answer #6 · answered by Walden 2 · 0⤊ 0⤋
shareholders of oil companies...people who work for oil companies....and soon the government with the royalties they annoucned they are going to charge oil companies
2007-10-31 10:46:25 · answer #7 · answered by ShannyBikdiK 2 · 1⤊ 0⤋
Oil companies, OPEC, banana republic dictators, etc.
2007-10-31 10:46:19 · answer #8 · answered by Paul B 4 · 1⤊ 0⤋
Greed. that and Oil. And The Lord...we can't forget about the Lord.
2007-10-31 10:47:12 · answer #9 · answered by Soleiyu Faedaljen 2 · 1⤊ 1⤋
The oil companies and their shareholders...
2007-10-31 10:45:33 · answer #10 · answered by It's the hair 5 · 1⤊ 0⤋