Please give an answer without mentioning a liberal. Bush was president . Nobody else. I'm not a liberal.
2007-11-18 23:57:08 · 12 answers · asked by Anonymous in Politics & Government ➔ Politics
Oh, you caught that? what a bunch of crap for answers!?
Bush allowed using our reserves during that time to fool people ? people like these? he is a cheater u no?!
Hey I'm 80's kid too, the best of times for every thing.
This new century so far been disastrous !?
Best Regards.
Edit: Dear Mr jeeper-p and Mr jimsock: Gentlemen i do understand your logic, and it's all great stuff, good info by Jim Sock, but in this case, the only reason was that by openings US reserves, bush flooded the market and caused a temporary drop in prices. Now he was asked to do that almost a year before, but he did not. But very conveniently during election he did to cool things down!? I even remember having discussion on this live on the radio with a finance and economic expert, and i kept asking about the timing of it, but he wouldn't like to get to deep? You know there was a time that folks were scared to comments on this stuff, it is great now, freedom of speech is exercised, but it wasn't always hunky dory like this.
Regards.
2007-11-19 00:13:51 · answer #1 · answered by ? 5 · 3⤊ 2⤋
Crude oil prices behave much as any other commodity with wide price swings in times of shortage or oversupply. The crude oil price cycle may extend over several years responding to changes in demand as well as OPEC and non-OPEC supply.
If you want to speculate about fuel prices, you need to take a little more into consideration than George Bush.
Amsterdam, Rotterdam, Antwerp Spot Market
Feeder Crudes table
Capacity rationalization
Crude Yield and netback
Light vs Heavy Crude capacity
Refined product yield
Winter cracking model
World Crude table
FOB Breakeven
WorldScale base rates
WTI and WTS
Pipeline rates
Sulphur Tables
Index-based surcharge
WTI Cushing Spot
Henry Hub Spot
OPEC basket of twelve crudes
OPEC Summit
OPEC reserve
2007-11-19 01:00:41 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Bush does not directly control the price of gas, except for the federal taxes that are levied on gasoline. At best, he has an indirect control. His policies in the Middle East and elsewhere may cause prices to rise or fall, but he does not control it.
Let's put it this way. If he had control of the price of gasoline, don't you think that he would want to keep it down? He is trying to get support for a variety of policies, such as Iraq. Dropping the price of gasoline would increase his popularity, which would then increase the chances of people calling Democratic Congressmen and say "Leave the man alone!!".
Yet, this isn't happening. Why? Because Bush can't control the price of gasoline.
PS - By the way, I loved the '80's as well. Great name.
2007-11-19 00:08:39 · answer #3 · answered by Pythagoras 7 · 1⤊ 2⤋
nutrients fees are 4 hundred% greater standard and gas has on no account went down below obama. occasion, in 2009, Oscar Mayer hotdogs, $a million.29 a %. 2012 same hotdogs, $3.ninety 9 a %. 2009 writer 1st baron verulam, $a million.seventy 9 for sixteen oz. 2012 writer 1st baron verulam $5.12 for 12 oz. 2008 bag 7 ounce bag of lays potato chips $a million.seventy 9 2012 same bag of chips $4.29 2008 stovetop stuffing $ninety 9 cents 2012 stovetop stuffing $2.seventy 9 wages, standard a million% greater from 2008 to 2012
2016-10-17 06:24:32 · answer #4 · answered by bobbee 4 · 0⤊ 0⤋
The price of oil on the world market was down.
Oil companies now, are actually taking less profit from refining.
The price of oil is now $2,14 a gallon, before it is refined into gasoline, and a gallon of oil, makes no where near a gallon of gasoline.
2007-11-19 00:17:35 · answer #5 · answered by jeeper_peeper321 7 · 1⤊ 0⤋
Because Bush is the favorite son of the Saudi,s who increased production during his bid for relection in 2004. The same family values country that punishes a woman for being gang raped! Strange bedfellows our Prez keeps don,t ya think?
2007-11-19 00:17:20 · answer #6 · answered by Anonymous · 1⤊ 2⤋
Mr. George grew up playing in the same 'sand box' with Osama and the rest of the Saudi Royals. It goes to show how close Daddy Bush and Mr. George are tied to the Oil Industry.......
2007-11-19 00:18:07 · answer #7 · answered by bodie 3 · 2⤊ 2⤋
you need to research this I have provided a link in 1998 oil was at a 30 year low at 12 bucks a bbl.......... in 2000 it was over 27 bbl.............. in 2004 it really started to take off
2007-11-19 02:13:09 · answer #8 · answered by Anonymous · 0⤊ 0⤋
Osama bin Laden controls the price of oil and he doesn't like George.
Plain and Simple.
2007-11-19 00:25:44 · answer #9 · answered by Anonymous · 1⤊ 1⤋
Supply and demand has infinitely more to do with gas prices than partisanship. You can find the real answer to this in economics, not politics.
2007-11-19 00:01:24 · answer #10 · answered by Buying is Voting 7 · 2⤊ 4⤋