Nothing!
Why? H. "whore of corruption " Clinton
2007-11-26 12:45:10 · 11 answers · asked by The One 2 in Politics & Government ➔ Politics
Don't blame the Dems. The oil companies have employed former Enron traders to run the prices up. Bet the GOP does not mind!!!
2007-11-26 12:56:28 · answer #1 · answered by Bob O 6 · 1⤊ 0⤋
there is are 2 easy rationalization why gas expenditures are increasing. a million) Crude oil and gas are commodities. Commodities are a nicely-loved hedge antagonistic to inflation and a weakening forex. We ensue to be experiencing a weakening dollar. investors attempt to lessen losses by making an investment in international commodities. for this reason gold is likewise at list highs, fantastically a lot $one thousand in line with ounce. when we had double digit inflation contained in the late 70's, gold changed into at a severe then to boot. because the unrest contained in the non-public loan and housing markets will develop, so will the price of commodities. This changed into why there turned right into a moderate softening of expenditures the day earlier in the present day even as the Fed presented its $2 hundred billion relief plan for banks. better liquidity is solid for forex. it truly is a small step contained in the right route, yet those investors who nonetheless have risky mortgage paper and do not opt for to downgrade it or write it off are extending the time till we hit bottom. look on the oil stocks. they're surely down, alongside with very nearly the different inventory. we are no longer making extra off you, we are making a lot less. Analysts comprehend we are putting billions into capital initiatives jointly with increasing refining means contained in the U. S.. the proper 2 oil businesses, ExxonMobil and Shell, are pumping 25 billion each into capital initiatives. in case you providence tax those businesses, thos initiatives provide up and the money is going to taxes. The President is conscious this, it truly is why he's resisted following the populist sentiment. 2) Refining is the different reason that gas prices determination so instantly. Refiners can't produce sufficient gas to fulfill on a daily basis demands. Refinery time must be chop up between all petroleum depending products, no longer basically fuels. This makes all of them extra severe priced, because businesses are prepared to pay extra for the reinfery to spotlight their product. This makes all refinery time both efficient. The marketplace anticipates the spring shutdown even as refineries in the course of the U. S. do annual maintainence. Spring is the proper time, because the domicile heating oil season is over and the summer driving season has yet to start up. by June, expenditures will life like off of refinery pressures, yet there is not any affirming what else will influence them.
2016-10-25 02:50:46 · answer #2 · answered by akimseu 3 · 0⤊ 0⤋
Who started this mess? So Democrats are supposed to clean up in 1 year what the Republicans have been doing for 6? The Democrats do not have a veto proof congress.....
And Lastly, so you are admitting there is a problem from the past 6 years? Your question implies that Bush and company are a bunch of morons
2007-11-26 12:54:46 · answer #3 · answered by Ford Prefect 7 · 2⤊ 0⤋
What are the republicans doing to tackle the rising gas prices especially when its winter time ? This is not a democrat/republican issue, both sides need to do something about it.
It's price gouging by the oil companies. The prices will go down once winter is over, so in about 3 months or so.
2007-11-26 12:53:21 · answer #4 · answered by BrushPicks 5 · 3⤊ 0⤋
Don't blame the Dem's. Blame the Day traders.
Dot.com went bust Housing took off.
Housing goes bust Futures take off.
Remember back in 2001 the closed doors energy policy meetings the WH had with Big Oil... Enjoy!!!
That's the free market and the mighty Capitalism working for you. Whats the matter don't you like it?
Dem congress has done nothing. W and Faux News keep telling us this; so don't blame them!!
2007-11-26 12:51:44 · answer #5 · answered by Anonymous · 3⤊ 0⤋
Don't worry, I am sure they will work quickly to make a committee to see if they have to hold meetings to insure that it is in the best interest of the country to debate on if anything should be done. Guess it was a good thing they promised to do something about these prices back in '06.
2007-11-26 12:50:57 · answer #6 · answered by JFra472449 6 · 2⤊ 1⤋
What does Congress have to do with gas prices?
Nothing!
2007-11-26 13:12:29 · answer #7 · answered by Anonymous · 0⤊ 1⤋
i'm pretty sure the oil companies control gas prices, not the democratic congress (we live in a capitalist country)
2007-11-26 12:48:18 · answer #8 · answered by Anonymous · 2⤊ 1⤋
Thankfully, Congress cannot mess with gasoline prices and supplies. They would surely make things worse...like they are with ethanol, a budding fiasco.
2007-11-26 12:49:45 · answer #9 · answered by regerugged 7 · 4⤊ 0⤋
I thought only monkeys throw poop. Maybe this monkey is internet savy?...listen monkey, oil prices aren't going up they're becoming more realistic. We're already paying $7 a gallon with taxes.
2007-11-26 12:48:15 · answer #10 · answered by Anonymous · 0⤊ 0⤋