up our as....
2007-11-06 11:56:22 · 9 answers · asked by Eric the Great *USA* 4 in Politics & Government ➔ Politics
http://money.cnn.com/2007/05/07/news/economy/gas_prices/index.htm
2007-11-06 11:57:49 · update #1
$4.00-5.00 6.00?
2007-11-06 12:00:03 · update #2
Its political game, is it not
2007-11-06 12:01:48 · update #3
oil companies must love invasions
2007-11-06 12:09:53 · update #4
Charles, 6 month old article was a good prediction. wish I could predict stocks like that
2007-11-07 00:17:16 · update #5
I think the real question is - why is this question under politics?
Edit:
Okay, well, you're right - you could say that it's a political game. The oil prices are shooting up, which makes the gas prices shoot up. America imports oil from other countries - some who are enemies of America - because environmentalists won't let us drill for oil in our own land. So yeah, I guess that WOULD make it a political game.
2007-11-06 12:00:30 · answer #1 · answered by Sam 3 · 1⤊ 6⤋
The problem is the high cost of crude oil. The oil companies make the same profit margin regardless of the price per gallon. The real culprit forcing the price of crude oil up so high, believe it or not, are the speculators.
They are bidding the price up higher and higher and we are paying for it. Watch, the bottom is overdue to fall out of this highly inflated, gambling oriented market. Then they will start running scared and the price will come back down.
.
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2007-11-06 20:15:19 · answer #2 · answered by Jacob W 7 · 1⤊ 0⤋
The United States should start drilling for gas and oil in Alaska and in the Gulf of Mexico now. We should also be building more refineries. If we don't we could be paying $5.00-$6.00 a gallon for gas in 3-5 years.
2007-11-06 20:18:18 · answer #3 · answered by Johnny Reb 5 · 1⤊ 0⤋
Why did you post a link to a 6 month old article?
2007-11-06 21:02:59 · answer #4 · answered by Charles C 7 · 0⤊ 0⤋
I'm starting to think two eighty five a gallon was just some lube? You ready for the real deal? Hold on cowboy, we're in for a rough ride.
2007-11-06 20:01:33 · answer #5 · answered by Anonymous · 2⤊ 2⤋
OPEC controls the flow of oil, so it's all about money.
People are out to make money.
2007-11-06 20:03:38 · answer #6 · answered by Bubba 6 · 1⤊ 0⤋
I'm not worried about it,,if they shoot it to high they will kill the economy,I mean bury it,,at that point even a loser like me can by a pretty girl lol,,,
2007-11-06 20:10:27 · answer #7 · answered by Anonymous · 1⤊ 2⤋
The sky's the limit as demand increases and supply diminishes.
2007-11-06 20:03:35 · answer #8 · answered by Zardoz 7 · 0⤊ 2⤋
it will keep going up, the world has reached peak oil so it can only go up from here.
2007-11-06 20:01:51 · answer #9 · answered by Gengi 5 · 1⤊ 2⤋